SEOUL :South Korea's foreign exchange reserves dropped to the lowest level in five years in April, caused by market stabilising measures to ease the impact of global trade volatility. Reserves stood at $404.67 billion at the end of April, down $4.99 billion, central bank data showed on Thursday, marking the lowest level since April 2020 and the biggest monthly drop since April 2024. The Bank of Korea said foreign exchange swap trading with the country's pension fund, meant to temporarily reduce