Who benefits from the strong franc: Winners and losers – FAZ – Frankfurter Allgemeine Zeitung

Who benefits from the strong franc: Winners and losers – FAZ – Frankfurter Allgemeine Zeitung

      

 
 
 
 
 
     
 
 
 
 
 
 
 
 
         

 
 
 
 
 
          The faces of the Swiss franc : On the 10 franc banknote Le Corbusier, in the 50s Sophie Taeuber-Arp, on the 100 Alberto Giacometti
     

 
                                           
 
 
     
     
     
         
         
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The winner

Commuter: German, French, Austrians and Italians who commute to Switzerland to work virtually overnight a lush raise get – unless they are paid in Swiss francs. Overall, there are, according to the Swiss statisticians almost 290 000 commuters, almost 59 000 from Germany.

                         
         
         
                                                             
                                 

users Consumers benefit – but only if they come from Switzerland and shopping, for example in the German border area. For them, the shopping and restaurant visits in Constance or Lörrach in one fell swoop much cheaper.

                         
         
         
         
             
                                                                      
 
 
 
 
 
     
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

     
     

 
     
 

     
 
     
 
     

 
         
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try: German retailer near the border so looking forward to their customers from Switzerland. The make with them already one-third of clientele from – and rising

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German company: Anyone offering his goods in Switzerland, can sell at one time almost 20 percent cheaper. That might be an issue for many companies because Switzerland is a volume of 47 billion euros after all, the eight most important market for German exports.

                         
         
         
                                                             

The losers

users chocolate, cheese, watches – Swiss products are popular, but could in the future become less affordable. At least when the German dealer can pass rising input prices to their customers. Swatch CEO Nick Hayek said, because even a “tsunami” that the central bank had raised with the release of the Swiss franc against the euro.

                         
         
         
                                                             

Travellers: Switzerland is already an expensive holiday destination. For tourists who travel to Switzerland is now expected to be even more expensive. Just one example: For in Zermatt ski pass for seven days must exchange about 380 Euro German tourists now. Prior to the release of the franc was around 322 euros.

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Exporters: is the world market is vital for the little Switzerland. Exports are now all at once much more expensive, not only in the euro zone. Also to other major currencies such as the dollar, yen, or pound, the Swiss franc was more expensive by about a fifth.

                         
         
         
                                                             

Swiss economy: For the entire Swiss economy facing a slump. The banking giant UBS has already withdrawn its growth forecast for 2015 from 1.8 to 0.5 percent.

                         
          
         
                                                             

borrower hundreds of thousands of borrowers, especially in Eastern Europe had taken out loans in Swiss francs. Seemed attractive because of low interest rates. Now, the repayment will be a problem for many, because the loan installments at once – are much more expensive

– in Polish or Croatian currency.
                         
         
         
                                                                                               

SNB President Jordan talks about the decision to euro exchange rate

 
  

 
 
 
                       

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Who benefits from the strong franc: Winners and losers

Winners and losers

Who benefits from the strong franc?

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For years, cost the Swiss currency 80-83 cents. At one time almost a Euro must be paid for one franc. Who benefits from it – and who does it matter?

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