Quote:
Originally Posted by Skybird
The Swiss try desperately not to see their economic stability drown due the the devaluing of the once strong Franken.
Once people try to save what cna be saved and move their attention to the Swedish Krona, the Swedes will feel exactly the same kind of burden...
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You mean appreciation, right? If one Euro can buy less Swiss francs, it means that the value of the currency has shot up. Let's take an example of a 1:1 exchange rate. If I can buy 1 franc for 1 Euro today, but 1.2 franc tomorrow, it means that the Swiss currency is worth less. If I can only buy 0.8 franc with the same Euro, it means that the currency in comparison to my own is worth more. But you got your point across and I am not berating you, just wanted to make it more clear to those who might not be aware of the terminology.
As for the buying the Swedish, Norwegian and Swiss currency, together with a general "flight" from Euro savings, please read this article
here.