Swiss Banks May Face Issues, Economy Crisis Is on the Cards due to Covid-1919 June 2020
The Covid-19 pandemic is taking its toll on Swiss economy with the worst crisis since 70’s predicted. Swiss banks so far are doing well, but might also face issues in next months.
CHF Exchange Rate Gains for Second Day in a Row Vs USD10 June 2020
Swiss franc’s exchange rate gained for a second day in a row against USD after stock in US tumbled and triggered appetite for safe-haven currencies among investors.https://exchangemarket.ch/en
Consumer Changes Habits Post Covid-1908 June 2020
Economy around the world will be severely hit by the coronavirus pandemic due to lockdown, businesses’ problems, but also less spending with consumers clearly changing habits.
Agefi writes about ExchangeMarket.ch: "The best quarter for ExchangeMarket.ch"05 June 2020
In recent months, the transaction volume on ExchangeMarket.ch has increased by around 40%, the number of customers has increased by 30%, enthuses Michael Wychowaniec, co-founder of this platform specializing in the exchange of francs and euros. "We had the strongest first quarter in our history," he adds.
The Zurich fintech has more than 20,000 customers in Switzerland, mainly cross-border workers and SMEs, who exchange small amounts, from 100 francs and up to 250,000 francs. To grow, ExchangeMarket.ch targets these 300,000 people who cross the border every day to come to work. It highlights transaction costs which it ensures are more competitive than those of banks. It is remunerated on the difference between the buying and selling prices of currencies.