2/ The realized exchange rate depends very much on political factors. At the moment, the situation is relatively stable, and the EUR is a little weak, so that we can obtain now a high exchange rate. You can see that on the long-term charts. But:
· Any new nuclear weapon test, or any serious struggling with the South, can cause immediate exchange losses.
· Any world-wide economic crisis, or even a worsening of the Ukrainian-Russian problems, will have negative influence.
· Even serious rumors can influence heavily. E.g. the actual ones that there are personal changes in the KP bear this risk.
· On the other hand, no positive economic data are to be expected from that country, so that there will be no positive effects from that side in the near and middle future.
3/ The value of the money (and therefore the realized exchange rate!) to the bank doing the exchange depends highly on the risk that this bank sees for herself. Any business of this amount will be checked by their risk management department. General to them risks are:
· The country is on the embargo list of the USA. At the time being, no Swiss or EU bank would risk serious trouble with the USA.
· The country has the highest(!) corruption ranking of the whole world. The 2014 report was just published.
ð Therefore, the business should/ must be done in an anonymous and protected way for the benefit of all parties.
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