Have you ever seen such a decline in exchange rate?
Now you can.
1 year
This is a 1-day decline of 15%!
(yesterday's rate 1.2, today's rate 1.028)
The 1 month graph is even more impressive.
Now, why is this happening?
Answer:
Swiss National Bank Has Abandoned Minimum Exchange Rate Against Euro.
read more at
http://www.nytimes.com/2015/01/16/business/swiss-national-bank-euro-franc-exchange-rate.html?_r=0 http://www.telegraph.co.uk/finance/currency/11347218/Swiss-franc-surges-after-scrapping-euro-peg.html http://www.theguardian.com/business/live/2015/jan/15/stock-markets-and-copper-price-wef-global-risks-live http://hvg.hu/gazdasag/20150115_1_euro__326_forint
imgage credit: https://www.ecb.europa.eu/stats/exchange/eurofxref/html/eurofxref-graph-chf.en.html#
No comments:
Post a Comment