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Switzerland exports 27 billion USD more than it imports [1]. That means this is bad news for the swiss economy, since swiss products just became much more expen
by mentose 12y ago
Switzerland exports 27 billion USD more than it imports [1]. That means this is bad news for the swiss economy, since swiss products just became much more expensive for foreign buyers.
[1] http://www.bfs.admin.ch/bfs/portal/en/index/themen/06/05/blank/key/handelsbilanz.html http://www.bfs.admin.ch/bfs/portal/en/index/themen/06/05/bla...
- nuriaion 12y agoWe (small startup/company in Switzerland) are mostly exporting our product. Today we changed from making a profit to making a loss with each system we sell...
- raverbashing 12y agoIs your price pegged to USD/EUR?
- bdcs 12y agoIt implicitly is if their customers use USD / EUR. Maybe they buy something en masse at, e.g., $99 but not $119
- s3nnyy 12y agoCould you point to your company?
- toomuchtodo 12y agoWould this cause you to move the business to another country?
- cynicalkane 12y agoI'm curious why you didn't hedge with currency futures, since this is close to an ideal use case. I ask because I used to work in the futures industry but never really interacted with trading or hedging customers.