The sustained decline of the euro against the Swiss currency does not please the export sector
Shopping tourism, as here in France, could develop due to the strong franc. © KEYSTONE
Published on 21.08.2022
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Exchange rate » Inexorable, the fall of the euro against the Swiss franc is putting the export, tourism and local trade sectors in difficulty. Should the Swiss National Bank (SNB) intervene as in 2011 when it established a floor rate of 1.20 francs for 1 euro? Explanations from John Plassard, director of Banque Mirabaud.
A euro which is equivalent to the exchange of 96 Swiss franc cents (rate for this Sunday): what is the Swiss National Bank (SNB) doing?
John Plassard: The date of June 16 is key for the evolution of the Swiss franc against a basket of international currencies. After announcing the increase in the key rate by 50 basis points to -25%, the director of the SNB Thomas Jordan indeed affirmed that the Swiss franc is no longer at a level