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Business P700
Member rating: No Rating | Words: | Submitted: Tue Jun 20 2006
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BUSINESS P700 BUSINESS, GOVERNMENT AND THE GLOBAL ENVIRONMENT CURRENCY REPORT SWISS FRANC Word Count: 1000 words plus appendices, references and table of contents TABLE OF CONTENTS HISTORICAL OVERVIEW 1 EXCHANGE RATE ANALYSIS 1 TWELVE-MONTH FORECAST 3 APPENDICES 5 FIGURE 1: SELECTED ECONOMIC DATA 5 FIGURE 2 THE EXCHANGE RATE OF USD/CHF 6 FIGURE 3: EXCHANGE RATE FORECAST USD/CHF 6 FIGURE 4: FORECAST TECHNICAL ANALYSIS 7 REFERENCES (ENDNOTES) 8 CURRENCY REPORT: SWISS FRANC HISTORICAL OVERVIEW Switzerland has been an independent country since August 1, 1291. It joined the United Nations in September 2002, and its long history of neutrality has made it the world's largest destination for offshore capital. With its world renowned bank confidentiality, capital flows tend to drive the economy during times of global risk aversion while during times of global risk, trade flows are the major drivers1. Main exports, imports and trading partners are evident in Figure 1. Lacking natural resources it has developed labour skills and technological expertise for the manufacturing industry. This has allowed Switzerland to attain one of the highest living standards...
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