Quote from: Vessko on January 25, 2015, 09:10:57 AM

Quote from: botany on January 25, 2015, 06:47:39 AM

They couldn't sell a portion of their EUR holdings, without the market finding out.

That's not what I meant. If they had announced their move on a Saturday, most traders would have been out of the market and the rest would have had two days to think about their positions. The CHF would have still jumped on Monday, but not by that much because it wouldn't have been a panic-induced move. A smaller increase would have meant lower losses for the SNB euro holdings and for the Swiss exporters. No need for the SNB to actually sell anything; I was referring to the marked-to-market value of their euro-denominated assets.

True. Announcing it on a weekday means more volatility.
But in the end, when the dust settles, I don't think it would have made too much difference to the EUR-CHF exchange rate.