For a breakdown on one another quarter, you’ll be able to take a look at this submit in December here. As an entire in 2023, the full was CHF 132.9 billion or round $150 billion. That is a huge leap from the CHF 22.3 billion in foreign currency echange bought in 2022.
The rationale why the SNB is doing that is to dampen the impression of imported inflation to the financial system by supporting the Swiss franc. And one can argue that they’ve efficiently achieved so, contemplating the inflation information in latest months.
