Not really.
When I came here in November of 2009, the exchange rate was 86 cents to 1 CHF. Now the exchange is $1.11 to 1 CHF. You would think that the increase in value of the Frank would result in lower prices. So far that does not appear to be the case. I haven't noticed in movement in the cost of goods even with the signifacant increase in value.
For the most part, the exchange rate doesn't really matter anyway since we live here. I just find it interesting that the prices of goods in Switzerland is fairly static regardless of global currency exchange. I'm sure there is some economist that could explain it to me, but at this point I haven't been able to determine why prices haven't decreased.
Saturday, March 19, 2011
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