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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwitzerlandSwitzerland Foreign Currency Reserves climbed to 428B in February 2013
FMPMonthlyReleased March 2013
Switzerland Foreign Currency Reserves climbed to 428B in February 2013, released March 2013, up 1B from January's 427B reading.
Latest Release
428.000000
Actual
—
Consensus
427.000000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CHF | ▼ Inverse | −0.50 | FOREX | Bullish CHF | → View |
| EUR/CHF | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| CHF/JPY | ▲ Direct | +0.40 | FOREX | Bullish CHF | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| GBP/CHF | ▼ Inverse | −0.35 | FOREX | Bullish CHF | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Foreign Currency Reserves (Switzerland) was reported at 428.00 billion in March 2013. The reading rose from the previous value of 427.00 billion.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CHF (Bullish CHF). A secondary relationship exists with EUR/CHF, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Current Account (Jun 23) and KOF Leading Indicators (Jun 30).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
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Foreign Currency Reserves - CH
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About Foreign Currency Reserves — Switzerland
DEFINITION
Foreign currency reserves refer to the amount of foreign currency held by a country's central bank or monetary authority. These reserves are typically in the form of highly liquid assets, such as foreign currencies, gold, and other internationally accepted assets. They serve as a buffer to help a country manage its exchange rate and ensure stability in its financial system. Foreign currency reserves are an important indicator of a country's economic strength and ability to withstand external shocks. They can also be used to intervene in the foreign exchange market to influence the value of a country's currency.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2013): actual 428 B.
WHAT'S NEXT
This indicator correlates most strongly with USD/CHF (Bullish CHF, r=-0.50) — a useful reference for forex-focused traders.