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SFTA sets year-end and annual average exchange rates for 2011

The Swiss Federal Tax Authority has published the year-end exchange rates for all currencies as at 31.12.11 together with the annual average exchange rates for 2011. The main year-end exchange rates are as follows:

1 EUR = CHF 1.2139
1 USD = CHF 0.935099
1 GBP = CHF 1.45325

We recommend our clients to use the SFTA's published exchange rates when converting foreign currencies.


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