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Recall that back in 2015 the Swiss National Bank fought desperately to keep CHF from soaring as buyers flooded into the currency.
The SNB fought hard to maintain the peg to the Euro at 1.20 CHF per euro, incurring a big cost in the effort, and rattled markets when they abandoned the peg after assuring markets they would never do that.
Here we are two years later; how did this all turn out for the SNB?
It all turned out pretty well, at least short term.
Source of charts and more info here https://qz.com/881045/the-swiss-cent...assive-profit/
The SNB fought hard to maintain the peg to the Euro at 1.20 CHF per euro, incurring a big cost in the effort, and rattled markets when they abandoned the peg after assuring markets they would never do that.
Here we are two years later; how did this all turn out for the SNB?
It all turned out pretty well, at least short term.
Source of charts and more info here https://qz.com/881045/the-swiss-cent...assive-profit/