Hi, Ardith Hinton   
   I read your message from 14.02.2015 07:52   
      
   -----Beginning of the citation-----   
   ak>  Swiss franc soars as Switzerland abandons euro cap   
      
   ak>  The Swiss franc has soared as much as 30% in chaotic   
   ak>  trade after the central bank abandoned the cap on the   
   ak>  currency's value against the euro.   
      
      
   ak>  Following the SNB move the Swiss franc went from 1.20 to   
   ak>  the euro to 0.8052.   
   ----- The end of the citation -----   
      
    ak>> I've always thought that when a price soars the good becomes more   
    ak>> expensive.   
      
    AH> Uh-huh. We use the same verb with reference to birds & planes which   
    AH> have reached a high altitude or are gaining altitude....   
      
   It was the consequence of the long New Year holiday in Russia. Actually, after   
   such long rest, my head refuses to work properly. Perhaps, that's was the main   
   reason of my question. ;-)   
      
    ak>> But as for a Swiss franc, I understand it lost its value.   
    AH> Ah. Here's my interpretation of the news report:   
      
    AH> Initially the Swiss franc seemed to have lost value relative to   
    AH> that of the euro... perhaps because a lot of folks were hesitant   
    AH> about investing in it until they understood the ramifications of   
    AH> the change more fully.   
      
    AH> Later... as these people gained confidence in the Swiss franc...   
    AH> the demand increased & the price went up as a result.   
      
   You are right of course.   
      
    ak>> The Swiss franc has soared as much as 30% in chaotic trade after   
    ak>> the central bank abandoned the cap on the currency's value against   
    ak>> the euro.   
      
    AH> Who, what, when, where, why, how. The writer has covered all of the   
    AH> essentials. In the next three paragraphs, s/he adds background   
    AH> information re some of them. You've seen this style of writing   
    AH> before... and so have I. But we're both out of our depth WRT   
    AH> numbered bank accounts in Switzerland....   
      
   I believe it was the Russian rouble that confused me. When the Russia's   
   central bank abandoned the cap on the currency's value against the euro it was   
   a compulsory measure to preserve Russia's gold reserves. The exchange rate   
   (Rouble/Euro) had raised sharply. So, this event had become the pattern.   
      
   In the case of the Switch banks, their central bank was engaged in some   
   capping activity that, actually, _infringed_ the value of the Swiss frank.   
   After they stop doing it (i.e. they stop doing their work and lay down on the   
   sofa to have a rest) the Swiss frank became more expensive and competitive.   
      
   So, due to inertia of mind, I've thought that the Swiss frank has also lost   
   its value. Because the cases when notworking is better than working happen not   
   often. ;)   
      
   Bye, Ardith!   
   Alexander Koryagin   
   ENGLISH_TUTOR 2015   
      
   --- Paul's Win98SE VirtualBox   
    * Origin: Quinn's Post - Maryborough, Queensland, OZ (3:640/384)