By Nicolas Pinguely (La Tribune de Geneve)
The summer will be hot for the Swiss franc.
Driven by the surprise rise in rates by the Swiss National Bank (SNB), the uncertainties linked to the war in Ukraine and the closure of China linked to the pandemic, the franc is tearing up and trading below parity against the euro .
In this, it fully plays its role as a safe haven in the face of the ambient uncertainties.
Good news for Swiss tourists who dream of the beach.
Because the Swiss who have booked hotels and apartments in Europe will benefit from it.
"
Their bill will be reduced with this strengthening of the franc
", explains David Pereira, head of trading at b-sharpe in Geneva.
It's very positive as the holiday budget has become an important item of expenditure, especially when you have children.
Clearly, we breathe easier at a time when inflation threatens purchasing power.
Long live the car
The situation is similar for holidaymakers going to Thailand, Australia, Canada or even Great Britain…
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