SEOUL, Nov. 5 (Xinhua) -- South Korea's foreign currency reserves hit a record monthly high in October as the U.S. dollar's weakness increased the conversion value of non-dollar assets, central bank data showed Tuesday.
Foreign reserves amounted to 406.32 billion U.S. dollars as of end-October, up 3.0 billion dollars from a year earlier, according to the Bank of Korea (BOK).
The dollar weakness raised the conversion value of non-dollar assets such as the European single currency, the BOK noted.
The dollar index, which gauges the dollar value versus six major peers, stood at 97.65 as of end-October, down 1.5 percent from a month ago.
The foreign currency reserves were composed of 373.8 billion dollars of securities, 21.68 billion dollars of deposits, 4.79 billion dollars of gold bullion, 3.37 billion dollars of special drawing rights (SDR) and 2.67 billion dollars of International Monetary Fund positions.
South Korea was the world's ninth largest holder of foreign reserves as of the end of September, unchanged from the previous month.
