The SNB recorded a loss of 31.9 billion francs ($32.69 billion) from its equity portfolio while suffering an exchange rate related loss of 17.1 billion francs ($17.52 billion) as the increase in the franc reduced the value of its foreign stocks and bonds

The SNB recorded a loss of 31.9 billion francs ($32.69 billion) from its equity portfolio while suffering an exchange rate related loss of 17.1 billion francs ($17.52 billion) as the increase in the franc reduced the value of its foreign stocks and bonds

The SNB recorded a loss of 31.9 billion francs (32.69 billion dollars) in its portfolio of shares outstanding currency exchange loss rates related to 17.1 billion francs (17.52 billion dollars ), increasing the franc reduced the value of its shares and foreign bonds. As the market panic unfolded in the second half of the first quarter, the losses of the SNB were countered by an increase in the value of its holdings of gold, which have increased in value by 2.8 billion francs (2, 87 billion). 800 billion francs to the SNB ($ 820 billion) portfolio is one of the largest institutional investors in the world. The central bank posted a loss arecord of38.2 billion Swiss francs (about $ 39.34 billion) for the quarter onThursday morning. Reuters said the loss was the largest decline in the history of the National Bank, which dates back to the time when it was founded in 1907. impact The first quarter of 2020 was dominated by the global spread of coronavirus. The filing of Form 13F SNB for the fourth quarter of 2019 also showed that he was a salesman ripped the markets to new highs before the pandemic virus. Covid Chaos Triggers record losses for the Swiss National Bank during the first quarter of 2020, the hedge fund known as the Swiss National Bank (SNB) had its worst quarterly loss in more than a century. The measures taken to contain the pandemic has seriously affected the financial markets in the quarter from mid, and therefore also the result of the SNB SNB wrote in a press release. Shares of the SNB recovered losses after nearly halved in the last market rout