• loss on forex positions of CHF 29.3bln

  • gold valuation loss of CHF 1bln
  • Q1 exchange rate related loss on all investment ccys amounted to CHF 41,1bln

Ouch

  • profit on CHF positions totalled CHF 328m, mostly made up of CHF 236m from charges on sight deposit account balances since Jan 22
  • 32% of forex holdings in USD at end-March
  • 42% in EUR
  • 8% JPY
  • 7% GBP

Full release from the SNB here

I recall posting at the time that shareholders wouldn't be pleased by Jordan & Co's actions on Jan 15 but I imagine this news will bring a wry smile to the faces of many traders

The loss compares to a gain of CHF 38bln for the whole of 2014 but is somewhat improved from the worst case scenario in the immediate aftermath of removing the cap

USDCHF and EURCHF both make a move higher on the news . Currently 0.9405 and 1.0435