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by mentose 4178 days ago
Switzerland exports 27 billion USD more than it imports [1]. That means this is bad news for the swiss economy, since swiss products just became much more expensive for foreign buyers.

[1] http://www.bfs.admin.ch/bfs/portal/en/index/themen/06/05/bla...

1 comments

We (small startup/company in Switzerland) are mostly exporting our product. Today we changed from making a profit to making a loss with each system we sell...
Is your price pegged to USD/EUR?
It implicitly is if their customers use USD / EUR. Maybe they buy something en masse at, e.g., $99 but not $119
I'm curious why you didn't hedge with currency futures, since this is close to an ideal use case. I ask because I used to work in the futures industry but never really interacted with trading or hedging customers.
Would this cause you to move the business to another country?
Could you point to your company?