Canada, Norway and Switzerland Getting Cheaper Fastest for Skiers
Canada, Norway and Switzerland Getting Cheaper Fastest for Skiers
Published : 23-Jan-2016 07:52
A new study which compared the exchange rates in a number of ski countries this week with the prices in the same week a year ago has found that Canada and Norway have got considerably cheaper. Switzerland too is more affordable than 12 months ago whilst the US Dollar has got more expensive still. The rate against the Euro is almost unchanged.
The value of Sterling compared to other countries' currencies depends very much on where you draw the time line. It has declined in value a little against the Euro in recent months even though it is only 0.2% down in value overall over the past year, whilst if you look at a longer time period it is up in value 35% against the Norwegian Kroner (according to the Norwegian Tourist office) but is still down on a few years ago against the Swiss Franc.
Canadian resorts are highlighting that their currency is at its weakest in 12 years and Banff recently posted a graphic showing that $50 US dollars now bought more than 7 bottles of maple syrup whilst a 50 Canadian dollars only bought five (http://www.skibig3.com/us-exchange-rate/) The pound has also dropped around 40% of its value against the US dollar since 2008.
New analysis of Jan (19th) 2015 and 2016 prices comes from global currency business Centtrip who found the pound is worth a 13.6% more against the Canadian Dollar today than it was 12 months earlier, 8.4% more against the Norwegian Kroner and 7.3% more against the Swiss Franc. However, it's down against the Dollar (-6.5%), and the Swedish Krona (-1.6%). The exchange rate against the Bulgarian Lev dropped nominally, falling by only 0.04%.
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