The SNB's foreign-currency reserves stood at CHF 710.9 billion in May 2026, rose to CHF 758.9 billion in June (a CHF 48.0 billion increase), reached CHF 768.1 billion in July (up CHF 9.3 billion) and climbed to CHF 770.1 billion in August (up CHF 1.9 billion). This marks three consecutive months of growth, though the August increment was markedly smaller than the earlier summer gains.
Official reserve assets excluding gold were CHF 780.2 billion in July and CHF 782.1 billion in August, an increase of CHF 1.9 billion. Gold holdings jumped from CHF 109.4 billion in July to CHF 119.5 billion in August, a rise of CHF 10.1 billion. The IMF reserve position remained unchanged at CHF 1.66 billion, while Special Drawing Rights slipped slightly from CHF 10.41 billion to CHF 10.39 billion.
The SNB noted that the August figures are provisional and that full balance‑sheet valuations are conducted only at quarter‑end. It added that monthly changes reflect both valuation effects and transaction flows, so the modest reserve increase cannot be automatically interpreted as fresh currency intervention, reflecting a slowdown after the summer accumulation surge.
