Deloitte Swiss Stock Exchange Analysis - Q4 2011
An analysis of the listed companies on the Swiss Performance Index
The fourth quarter of 2011 saw significant market volatility as the European Union fought to find a solution to the sovereign debt crisis, and the markets swung up and down driven by positive and negative signs from the politicians. The SNB continued to defend the Swiss Franc to Euro FX floor of 1.20 CHF to EUR, and the EUR:CHF exchange rate has remained at a relatively stable level between CHF1.21 and CHF1.24. According to the SNB, there were no significant efforts necessary to keep the exchange rate above the announced barrier. The Swiss Franc also traded 20% lower against the US Dollar, the Japanese Yen and the British Pound, compared to its peak in August 2011.