Swiss Franc Up 36% Against the Dollar in a Year
A quick check of Oanda this morning shows that the Swiss franc is worth 35 more cents than it was a year ago at this time — an increase of 36 percent.
Every other major currency one can think of — yen, euro, Australian dollar, Singapore dollar, Canadian dollar, Brazilian real — is also standing much higher compared to the greenback than it was on August 9, 2010.
The franc’s rise, while significant, still pales in comparison to precious metals. Palladium is up 44 percent, gold 87 and silver, despite its ups and downs, has more than doubled in the last 365 days.Update: The CHF is already up 2.35 cents today against the USD in early morning trading.
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