FlyerTalk Forums - View Single Post - GVA-BKK/BKK-MXP 314 Euro Y Class via Abu Dhabi
Old May 11, 2012 | 9:26 am
  #8  
EFATO
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Originally Posted by Alex100i
the Swiss Franc is becoming weak so here we are with the 314 Euro for the return ticket.
not sure what you mean about the Swiss Franc becoming weak - it's trading at 1.20 to the EUR at the moment where the SNB pegged it back at the end of last year. Sure it weakened at that point from 1.07, but given that the 10 years I've been living in Switzerland with the accepted rate being between 1.40 and 1.60 to the Euro I would by no means call the current CHF weak.

Furthermore, given that the SNB has made a commitment to buy unlimited amounts of currency at the rate of 1.20 to prevent the CHF from strengthening any, combined with the fact that the CHF is pretty much sitting on 1.20, I'd say that a free market condition would have the currency strengthening to below par with the Euro if let take its own course.

In other words, a €314 fare would be CHF 377. Back in the old days, this €314 would have been CHF 471. I don't see this as having anything to do with the CHF...

Anyway, I've been looking and I can't find the damn thing. Is it an open jaw?
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