The investments of Dutch pension funds decreased in value by 54 billion euros in the first quarter of this year. This is due to exchange rate changes, according to figures from De Nederlandsche Bank (DNB).
The central bank reports that the decline in the dollar was a major factor in the decrease in the value of the investments.
Exchange rate changes caused Dutch pension funds to see their investments decrease in value by 3 percent. According to DNB, this was mainly due to unfavorable developments in exchange rates for foreign investments.
Of their 1,771 billion euros in total managed assets, pension funds hold approximately 551 billion euros in US dollars. The value of this currency decreased, costing pension funds 24 billion euros.
Furthermore, there were losses due to falling stock prices. This involved a loss of 16 billion euros from investments in euros and 11 billion euros from investments in other currencies.