Tag: swiss franc

Swiss National Bank set minimum exchange rate for Swiss Franc vs Euro to fight over valuation | Currency Investments

On Tuesday 6th September, Swiss National Bank (SNB) signals that it would peg EUR/CHF exchange rate to a minimum rate of CHF 1.20. The franc, which has surged by about 20 percent as investors seek refuge from the eurozone crisis, dropped nearly 10.0 percent after the central bank issued its intent. The franc is soaring largely because it is considered…