GENEVA, SWITZERLAND – The Swiss National Bank vowed Thursday 15 March to maintain the franc’s exchange rate against the euro, saying that the appreciation of the national currency could have serious repercussions on the country’s economy. The Zurich-based monetary institution says it will continue to defend the franc in the existing “currency war”, by maintaining [...]
Head for France – fast – if you still have old French francs!
February 17, 2012 by
Friday is the last day to change your aging French francs for euros GENEVA, SWITZERLAND – Exactly 10 years ago the French franc was put to rest as France’s currency, and today is the last day any of those old bills can be exchanged for euros at banks in France. The government has been calling [...]
Swiss economic news: franc rises, higher mortgage deposits coming, budget surplus predicted (update)
August 17, 2011 by
Update 20:00 BERN, SWITZERLAND – The Swiss franc rose yet again Wednesday 17 August, turning around after a dip at the start of the week against most major currencies. The shift comes in the wake of a Franco-German meeting that left investors lukewarm and efforts by the Swiss National Bank to reduce its strength that [...]
Swiss franc reaches new highs against dollar, euro
July 14, 2011 by
ZURICH, SWITZERLAND – The Swiss franc was being exchanged in Asia for $.81 and €1.14 shortly before midnight, TSR reports. Thursday’s exchange rates as listed by Reuters showed the franc trading at $.81 and €1.16 at 14:00 Swiss time Thursday. The Swiss currency was trading at new highs against the dollar and the euro, as [...]
Swiss franc reaches new high against dollar, post-bin Laden
May 3, 2011 by
Zurich, Switzerland (GenevaLunch) – The dollar soared briefly on foreign exchange markets Monday 2 May, following the announcement of the death of Osama bin Laden, but by early Tuesday it had slipped and the Swiss franc had reached a historic new high against the US currency. The dollar was trading at CHF0.8619 before 08:00, Swiss [...]
