00:01
So here we're given this story about the watchmaker, right? so we have components which go to the watchmaker, which go to the finished product, right? and these components are from sweden.
00:22
Sweden.
00:23
The watchmaker is located in switzerland, and the finished product is sold in america.
00:32
So the watchmaker here is buying from sweden, right? he is, or she is buying from sweden.
00:42
So when the crona appreciates, right, the crona appreciates, the swiss franc is going to buy fewer, buys fewer corona, or similarly fewer, fewer, components.
01:05
It's like the costs are rising, right? so this appreciation is bad for the watchmaker, right? they need to buy these swedish watch components.
01:17
The swedish currency now costs more euros or sorry, more swiss francs to get...