FX.co ★ South Korea’s FX Reserves Dip to $423.66 Billion in March, Easing from February Record

South Korea’s foreign exchange reserves declined in March 2026, easing to USD 423.66 billion from USD 427.62 billion in February, according to data updated on 2 April 2026. The move marks a moderate pullback following February’s higher reading.

The March figure suggests a slight drawdown in the country’s foreign currency holdings, which are closely watched as an indicator of external stability and the authorities’ capacity to manage currency market volatility. While the reserves have edged lower month-on-month, they remain at a substantial level by historical standards, continuing to provide a significant buffer for the South Korean economy and financial system.

Market participants and analysts are likely to monitor upcoming data releases for signs of whether this decline represents a temporary adjustment or the beginning of a more sustained trend in reserve management over the coming months.