Why is Swiss Franc worth more than US Dollars?
Despite it being a stronger currency, is it exchangeable in the United States for dollars? Would that mean I’ll be getting more in dollars due to that having high value? Also, why is the Swiss Franc more colorful in its appearance while US Dollars look rather bland in comparison? To break down each denomination’s value:
CHF
~ in USD
Fr. 1000
$1278
Fr. 200
$255
Fr. 100
$127
Fr. 50
$63
Fr. 20
$25
Fr. 10
$12
Meanwhile, the value of US Dollar is lower in comparison to the Franc:
USD
~ in CHF
$100
Fr. 78.30
$50
Fr. 39.15
$20
Fr. 15.66
$10
Fr. 7.83
$5
Fr. 3.92
$2
Fr. 1.57
$1
Fr. 0.78
The lowest bill denomination is Fr. 10 (or $12) so anything below that is issued in coins. But, the real indicator is the Big Mac Index: for instance, the burger in Swiss McDonalds is Fr. 7.30 ($8) with VAT included while the same thing is $5.79 (before tax) in the USA meaning you have to pay more.
However the mininum wage in Geneva (with a population bit less than Scotsdale or Boise) alone is Fr. 24.59 ($31.40) per hour, while the minimum wage in let’s say Seattle is $20.76 per hour so technically, the Swiss have more money. Just because of their currency’s value, it makes US Dollar look cheap.
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