23 Foreign exchange rates
The following foreign exchange rates were used for the preparation of the consolidated financial statements:
|
| Closing exchange rates | Average exchange rates January to December | ||
CHF |
| 31.12.2014 | 31.12.2015 | 2014 | 2015 |
EUR | 1 | 1.20 | 1.09 | 1.21 | 1.07 |
GBP | 1 | 1.55 | 1.48 | 1.51 | 1.47 |
SEK | 100 | 12.74 | 11.90 | 13.35 | 11.42 |
USD | 1 | 0.99 | 1.00 | 0.92 | 0.96 |
SGD | 1 | 0.75 | 0.71 | 0.72 | 0.70 |
CNY | 1 | 0.16 | 0.15 | 0.15 | 0.15 |
JPY | 100 | 0.83 | 0.83 | 0.87 | 0.80 |
AUD | 1 | 0.81 | 0.73 | 0.83 | 0.72 |
On January 15, 2015 the Swiss National Bank announced that it was discontinuing the minimum exchange rate of CHF 1.20 per euro (EUR). As a consequence, the value of the Swiss franc increased substantially.
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