Strong Swiss franc: still no threat ... yet: due to Switzerland's size and location, as well as the openness of its business sector, exports have traditionally played an important role in the domestic economy. Exchange rate fluctuations therefore play a significant role in economic success. This is best demonstrated by the recent slide in the euro; nevertheless, not all Swiss companies are affected in equal measure.

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Strong Swiss franc: still no threat ... yet: due to Switzerland's size and location, as well as the openness of its business sector, exports have traditionally played an important role in the domestic economy. Exchange rate fluctuations therefore play a significant role in economic success. This is best demonstrated by the recent slide in the euro; nevertheless, not all Swiss companies are affected in equal measure.

Switzerland's neighbouring countries have traditionally been its most important trading partners: roughly 58 per cent of the Alpine confederation's exports go to the European Union, with a third of that total attributable to Germany alone. Since the autumn of 2008, the Swiss franc has appreciated against the euro by nearly 13 per cent, and in May 2010, it reached a new all-time...

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