the timber network

Hardwood prices remain stable in Switzerland despite Swiss franc appreciation

After all, it seems the majors appreciation of the Swiss franc (CHF) hasn’t led to the disastrous consequences anticipated by the Swiss forest owners. On January 15, 2015, following the decision of the Swiss National Bank (SNB) to end a currency cap that pegged the Swiss franc to the euro, the Swiss national currency soared by almost 20% in just one day. Currently, average exchange rate settled down at the level of 1 euro per 1,04 CHF (against 1,20 CHF before January 15) [ more...]

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