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SEOUL, Dec. 19 (Xinhua) -- South Korea's foreign currency deposit fell last month as strong U.S. dollar led companies to sell the greenback, central bank data showed Thursday.
Deposit denominated in foreign currencies amounted to 74.87 billion U.S. dollars as of the end of November, down 3.67 billion U.S. dollars from a month earlier, according to the Bank of Korea (BOK).
It came as companies withdrew the dollar fund from bank accounts to sell the greenback amid the dollar's ascent to the South Korean currency.
The won/dollar exchange rate settled at 1,181.2 won per dollar as of end-November, up from 1,163.4 won tallied a month ago.
Foreign currency deposit, made by companies, shrank 3.78 billion U.S. dollars in the month, but those held by individuals increased 110 million U.S. dollars.
The dollar deposit tumbled 3.52 billion U.S. dollars from a month earlier to 63.96 billion U.S. dollars at the end of last month, and the European single currency deposit shed 0.1 billion U.S. dollars to 3.48 billion U.S. dollars.
Deposits denominated in the Chinese yuan and the Japanese yen was almost unchanged last month.
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December 19, 2019 at 01:39PM
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S.Korea's foreign currency deposit falls on strong USD - Xinhua | English.news.cn - Xinhua
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