Question
Last year the Swiss(CHF) to Euro(EUR) exchange rate was 1.11 Sf/E and the inflation rates were 15% for the Swiss and 5% for the Euro.
Last year the Swiss(CHF) to Euro(EUR) exchange rate was 1.11 Sf/E and the inflation rates were 15% for the Swiss and 5% for the Euro. This year, the exchange rate turns out to be 1.16 Sf/E.
Over the year, it can be said that the the Swiss franc is down in real terms and down in nominal terms.
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Financial Statements
Authors: Inc. BarCharts
1st Edition
1423223837, 978-1423223832
