Question

From 2009 to 2011, the economies of Australia and Switzerland suffered relatively mild effects from the global financial crisis. At the same time, many countries in the euro area were hit hard by high unemployment and burdened with unsustainably high government debts. How should this have affected the euro/Swiss franc and euro/Australian dollar exchange rates?

Short answer

The trading scale between the euro/Swiss franc and euro/Australian dollar reduces. One Swiss franc can purchase a more prominent number of euros than already. This is the comparable with the Australian dollar.

Step-by-step solution

Concept Introduction

The worldwide financial crisis indicates to the time of intense pressure in worldwide financial business sectors and banking frameworks that happened in the last part of the 2000's.

Explanation 

Money related types of countries in the euro district that persevered through financial droops decay. Thusly, these financial guidelines decrease in worth and can purchase fewer items than already. Then again, the Australian dollar and Swiss franc don't lose their characteristics so much. Since they encountered commonly smooth effects on the overall financial crisis. Consequently, the trading scale between the euro/Swiss franc and euro/Australian dollar reduces. One Swiss franc can purchase a more prominent number of euros than already. This is the comparable with the Australian dollar.

Final Answer 

The trading scale between the euro/Swiss franc and euro/Australian dollar reduces.