Cryptocurrency Q&A
Why is Swiss franc expensive?
Why is Swiss franc expensive?
Stefano
Sat Nov 09 2024
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7 answers
1605
I've always been curious about currencies, and the Swiss franc has always piqued my interest. It seems to maintain a strong value compared to other currencies. I want to understand what makes the Swiss franc so expensive.
7 answers
JejuJoyfulHeartSoul
Mon Nov 11 2024
As exports grow, the demand for the franc on foreign exchange markets increases.
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GeishaGrace
Mon Nov 11 2024
Exporting companies face a unique economic consequence.
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ZenHarmony
Mon Nov 11 2024
This demand surge leads to a rise in the price of the franc.
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Elena
Mon Nov 11 2024
They are required to pay their wages, rent, overheads, and taxes in domestic currency.
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EnchantedMoon
Mon Nov 11 2024
Essentially, the more Swiss products are exported, the higher the demand for francs becomes.
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