Tomorrow the Salon International de la Haute Horlogerie (short SIHH) opens its entryways for the 25th time. It’s been a roaring history, with brands participating and leaving, and tomorrow the exchange reasonable has 16 of the world’s most esteemed brand. Let’s have a brief glance back at certain numbers and tune in to Fabienne Lupo, executive and managing overseer of the Fondation de la Haute Horlogerie, talking about the previous 24 years.
This year the career expo has 16 brands, or Maisons as the French like to call it, show their curiosities on a 4,500 square meters (that’s 5.381 square yards) and that’s ten fold the amount of as in the primary year, 1991. Anyway in that year just five brands uncovered. Starting at 1999 other brands were welcomed, and in the interim some new ones came, some other left, and now there are 16 brands. During the initial nineteen years, the SIHH was simultaneously as the Baselworld reasonable, anyway starting at 2009 the reasonable, consistently, happens in January.
The exchange reasonable, and participating brands, endure troublesome occasions, including the new financial emergency that began in 2008. Presently the Swiss National Bank has lifted the cap of Swiss Franc, this will seriously affect the consequences of the upcoming week. H. Moser & Cie’s CEO as of now send an open letter to the SNB’s president .
What occurred? All things considered, the Swiss Franc was associated with the Euro, and consistently had a proportion of 1 Euro against 1.20 Swiss Francs. The Swiss National Bank has eliminated that association, so the Swiss Franc, as money, is currently ‘free’ go up or down on the cash markets. At the closing of the business sectors, not long before the end of the week, the rate was near 1:1 for the Euro and the Swiss Franc. The Swiss Franc turned out to be more costly for each and every individual who needs to pay in Euro, and furthermore against any remaining monetary forms the Swiss Franc has increased in worth, and consequently costs for everybody outside Switzerland have gone up. We’re inquisitive to perceive how this develops, and will keep you posted!