Fig. 1.1 – Euro (EUR) to Swiss Franc (CHF) Exchange Rate 2014–2015
| Date | Euros per Swiss Franc (CHF 1) |
|---|---|
| Dec-14 | 0.83 |
| Jan-15 | 0.98 |
| Mar-15 | 0.95 |
Using the data in Fig. 1.1, explain what happened to the value of the Swiss Franc relative to the Euro following the Swiss National Bank's decision to abandon the currency peg in January 2015.
