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Exchange rate between swiss franc and us dollar

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Over the past six years, the exchange rate between Swiss franc and U.S. dollar, SFr/$, has changed from about 0.75 to about 1 (i.e., from SFr0.75/$ to SFr1/$). Would you agree that over this six-year period, the Swiss goods have become cheaper for buyers in the United States? Briefly explain your logic.

Reference no: EM133123701

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