For the First time in 76 years there was a chance.
Not since the rackets were made of wood has there been such a high chance that a British player would win at Wimbledon. Sadly, as always, it wasn’t to be. There were highs, there were lows. There were strawberries. But ultimately a fantastic start became a tear jerking defeat for British hopeful Andy Murray. Despite his best efforts Murray just couldn’t prove a match for the now seven times Wimbledon Champion and World Number 1, the Swiss god Roger Federer.
If you’re thinking ‘Gosh, they make them talented and handsome in Switzerland!’ and you’re wondering what else the country could have to offer than wonder no more. After last year’s extreme low in the GBP/CHF exchange rate, now is a good time financially for a Swiss holiday.
September 6th 2011 saw the largest movement in the history of the Swiss Franc as the Swiss National Bank set a minimal level for the Swiss Franc against the Euro.
In order to keep the EUR/CHF rate at a minimum level of 1.20 the Swiss announced that they would, effectively, be buying unlimited quantities of currency.
As the Swiss Franc was sold by the SNB to get from 1.10 to 1.20 against the Euro the Swiss Franc weakened against everything by almost 8%, with GBP/ CHF rising from 1.15 to 1.38.
However, GBP/CHF has been on the up for several months now, growing by 35 cents in a year to reach the strong value of 1.51.
If the present instability of the Euro has prevented you from booking a European holiday this year then Switzerland, despite not being the sun worshiper’s top choice, is currently a viable option. And really, if it’s good enough for Roger Federer…