South Korea’s foreign exchange reserves have posted a modest drop, due to a decrease in the value of non-dollar currencies when converted into the dollar.  
 
According to the Bank of Korea(BOK) on Monday, South Korea’s foreign exchange reserves amounted to 373-point-91 billion dollars as of the end of February, down by 130 million dollars from January.  
 
The decline came only a month after the foreign reserves increased in January ending a three-month drop since October.
 
The fall last month was attributed to the dwindling value of dollar-denominated foreign currencies such as the euro and the pound.
 
The U.S. Dollar Index, which measures the value of the greenback against a basket of six currencies, increased one-point-six percent from 99-point-five in January to 101-point-one in February.
 
South Korea’s global ranking of eight, in terms of the amount of foreign reserves, remained unchanged last month.
 
Top foreign reserve holder China was estimated to have two trillion-998-point-two billion dollars’ worth of foreign reserves last month, the first time in six years its foreign reserves fell below three trillion dollars.