Football of currency politics
Switzerland's abandonment of euro cap is a serious blow to Swiss hotels
Verwandte Artikel
Pegging the Swiss franc to the Euro: Uncertain consequences
Bern. Champagne pegged to CHF/EUR exchange: That was the response of the Grand Resort Bad Ragaz to the expensive Swiss franc just a few days ago. On Tuesday of this week, the Swiss National Bank set a ceiling for the Swiss franc against the euro stipulating a minimum exchange rate of 1.20 CHF/EUR.
Swiss hotels open to the Euro
Bern. The weak Euro has enticed the Swiss abroad and is keeping Europeans away from Switzerland. The Euro crisis is a reality which the Swiss cannot escape. At the current exchange rate of 1.32 CHF, a critical point for Swiss tourism has been reached. European guests taking their holidays in Switzerland pay up to 15 percent more than last year. As a result, Swiss Tourism is as of this week posting top-offers in Euros. The move is a first and up to now quite unique. Up to 250 hotels are to take part this summer.