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Currency: The franc strengthens against the euro

29/12/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The franc strengthened again against the euro. It thus marks a new high since the lifting of the low interest rate in January 2015

.

The community currency was only worth 92.86 cents on Thursday at 5:15 p.m., after briefly approaching 92.5 cents in the afternoon. In the wake of the decision of the Swiss National Bank (SNB) to abandon the flat rate then fixed at 1.20 francs in order to support exports, the euro reached its historic low against the franc, at 85.80 cents, on 12 January 2015. The franc also appreciated against the dollar. At 83.64 cents, the greenback had not been so cheap since

September 2011.
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