-- 韩国央行周四发布的数据显示，韩国4月份外汇储备呈上升趋势，并远高于国际发展机构认为的适宜水平。 韩国4月份外汇储备为4279亿美元，较3月份增加42亿美元。 韩国外汇储备增长的部分原因是其出口强劲，尤其是全球对半导体产品的需求。 韩国的外汇储备足以覆盖超过六个月的进口额。这一水平约为国际货币基金组织（IMF）建议标准的两倍，IMF建议各国持有相当于三个月进口额的外汇储备。 一般来说，外汇储备是指一国中央银行持有的资产，通常以美元或欧元计价，包括现金和非本国政府债券。中央银行的黄金储备也被视为外汇储备。 外汇储备有多种用途。韩国央行可以利用外汇储备来稳定本国货币韩元在国际外汇市场上的汇率。 例如，韩国央行可以使用美元储备在国际外汇市场上回购韩元，从而减少外汇市场上的韩元数量，使其相对升值。这可以阻止韩元贬值。 此外，充足的外汇储备有助于确保一个国家的金融稳定，使各国政府能够应对经济冲击，并在经济紧张时期为必要的进口（例如石油或关键技术）提供资金。 各国积累外汇储备的途径包括贸易顺差、海外投资资金流入、外国直接投资，以及（对于菲律宾等一些国家而言）海外务工人员汇回国内的汇款。
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Snap's (SNAP) first-quarter loss narrowed more than market expectations, although the social media company saw persistent headwinds in its North America advertising business and recorded an up to $25 million impact from the Middle East conflict, sending its shares down early Thursday.The Snapchat parent reported a net loss of $0.05 a share for the quarter ended March, compared with a loss of $0.08 the year before, it said late Wednesday. The consensus on FactSet was for a GAAP loss of $0.07 per share. Revenue improved 12% to $1.53 billion, in line with the Street's view."In (the first quarter), we demonstrated substantial financial progress with revenue at the top end of our guidance range," Chief Financial Officer Derek Andersen said during an earnings call, according to a FactSet transcript. "More broadly, we believe (the first quarter) provides early evidence that the strategic framework we laid out last fall is beginning to translate into more durable revenue growth, a more efficient cost structure, and a clear path to net income profitability."Advertising revenue inclined 3% to $1.24 billion, mainly boosted by gains in direct response advertising revenue, the company said in an investor letter. However, the growth was partially offset by continued headwinds in the group's North America large client advertising business, as well as an impact of about $20 million to $25 million from the Middle East war in March, according to Snap.The stock fell 9.8% in the most recent premarket activity."Large advertisers in North America remained a headwind to advertising growth in (the first quarter)," Chief Executive Evan Spiegel said on the call. "We're not satisfied with that outcome, but we're beginning to see encouraging signs that this part of the business is improving."Other revenue surged 87% to $285 million. Daily active users rose 5% to 483 million, ahead of the average analyst estimate of 475.7 million. Average revenue per user advanced to $3.17 from $2.96 in the prior-year quarter, but missed the market's forecast of $3.21.For the ongoing quarter, the company anticipates revenue to come in between $1.52 billion and $1.55 billion. The Street is looking for $1.54 billion. The guidance assumes that the operating environment in the Middle East "remains consistent" relative to the "magnitude" of headwinds that Snap faced in March and April. The company cautioned that the trajectory of the geopolitical situation in the region is uncertain.The US and Iran are reportedly closing in on a one-page memorandum of understanding to end their war and establish a framework for nuclear negotiations.Snap's outlook also assumes no contribution from Perplexity as it "amicably" ended its relationship with the software firm in the first quarter.In November, the company announced it was partnering with Perplexity to integrate its AI-powered answer engine with the chat interface of Snapchat. Perplexity was set to pay Snap $400 million for one year as part of the deal.
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