FX reserves fall for 4th month in November

South Korea's foreign exchange reserves fell for the fourth consecutive month in November, the central bank said Wednesday.

The FX reserves totaled US$363.1 billion as of the end of November, down $630 million from a month earlier, according to the Bank of Korea (BOK).

BOK officials attributed the decrease mainly to the weakening euro and British pound against the U.S. dollar. The euro and the pound fell 1.2 percent and 1.7 percent against the greenback in November, respectively, data showed.

The country's FX reserves had risen for the 13th straight month in July since July 2013 before beginning to show a downward trend in August.

South Korea, however, remained at No. 7 in terms of foreign exchange reserves in the world in November.

As of the end of September, China continued to top the FX reserves list with $3887.7 billion, followed by Japan ($1,265.9 billion), Switzerland ($523.3 billion), Russia ($428.6 billion) and Taiwan ($421.5 billion). Brazil ranked sixth with $375.8 billion.