Sunday, August 07, 2011

Swiss Currency Intervention Losses Illustrated

A reader sent me this graph, illustrating how the losses from its exchange rate interventions of the Swiss National Bank has destroyed most of its equity.


And as it happens, these interventions have proven to be futile as the Swiss franc have reached new record highs against both the U.S. dollar and the euro.

0 Comments:

Post a Comment

<< Home