S.Korea's foreign currency deposit rises in July

South Korea's foreign currency deposit rose last month amid expectations for a strong U.S. dollar, central bank data showed Monday.

Deposit, denominated in foreign currencies, totaled 90.38 billion U.S. dollars at the end of July, up by 3.32 billion dollars from a month earlier, according to the Bank of Korea (BOK).

It was attributed to high expectations for the greenback's appreciation versus the South Korean currency.

The won/dollar exchange rate averaged 1,307.5 won per dollar in July, up by 26.7 won from the previous month.

Deposit, denominated in the U.S. dollar, increased by 2.86 billion dollars from a month earlier to 76.47 billion dollars at the end of July, and the euro deposit grew by 0.57 billion dollars to 5.2 billion dollars.

The Chinese yuan deposit added to 1.66 billion dollars, but the Japanese yen deposit declined to 5.48 billion dollars.

Foreign currency deposit, owned by companies, expanded by 3.33 billion dollars to 75.9 billion dollars last month, and the individual-possessed deposit fell 0.01 billion dollars to 14.48 billion dollars in total.