SNB earns H1 exchange rate profit of CHF 100m

Reuters out with the results of the Swiss National Bank's (SNB) Swiss franc holdings for the first half 2017:
H1 profit of 1.2B CHF
H1 exchange rate profit of 100m CHF
Q2 loss of 6.7B
40% holdings in EUR, 35% in USD, 8% JPY, 7% GBP
Net result of CHF positions 0.9B, largely from negative interest on sight deposits
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















