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- The Swiss firms exporting products might get hit, since their products are now more expensive to foreigners (that was the original point of pegging the CHF to
by skylan_q 12y ago
- The Swiss firms exporting products might get hit, since their products are now more expensive to foreigners (that was the original point of pegging the CHF to the EUR in the first place - so they could export more).
- The Swiss firms importing products will get a benefit of being able to import for cheaper. This goes for consumer goods as well as raw materials.
- raverbashing 12y ago"The Swiss firms importing products will get a benefit of being able to import for cheaper." Yeah, I'm sure the materials are a huge part of the cost of a Rolex... As Swiss products have a high aggregated value, I believe this is a small change in cost for most factories. Now for things like imported items directly sold to consumers this might have a bigger impact
- tribaal 12y agoMaybe not for a rolex, but certainly for chocolate for example (cocoa doesn't grow in Switzerland). Pharmaceuticals as well, probably. EDIT: s/coca/cocoa/ ;) EDIT2: My post is bullshit, most of the exports are actually watches and electrical/mechanical appliances, so parent is spot on. TIL.