South Korea’s foreign currency reserves reached new highs for the fourth consecutive month at 384-point-eight billion dollars in August.

The figure rose one-point-08 billion dollars from the end of the previous month.

The Bank of Korea on Tuesday attributed the growth to gains from reserve portfolio management and a hike in the value of non-dollar currencies when converted into the U.S. greenback.

As of the end of July, South Korea was the ninth-largest holder of foreign currency reserves in the world. China topped the list with more than three trillion dollars in such holdings, followed by Japan and Switzerland.