One-to-one euro-franc. And the parity between the two currencies has now become a reality. The cause? The continuing devaluation of the European currency and the strengthening of the franc, which began with the advent of the conflict between Ukraine and Russia. As the euro loses ground, the demand for safe-haven values such as the franc, dollar and pound is increasing.
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War effect: a franc is now worth a euro
The devaluation of the European currency flared up last week with the start of the conflict in Ukraine.
One-to-one euro-franc. And the parity between the two currencies has now become a reality. The cause? The continuing devaluation of the European currency and the strengthening of the franc, which began with the advent of the conflict between Ukraine and Russia. As the euro loses ground, the demand for safe-haven values such as the franc, dollar and pound is increasing.
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