Swiss set to shop abroad for Christmas gifts
The average person in Switzerland is expected to spend 612 francs ($661) on gifts this holiday season, only six francs less than last year.
The advantageous franc-euro exchange rate means the Swiss will shop more cheaply this Christmas, according to a survey by consulting company Deloitte.
A total of 56 percent of the population will do at least part of their shopping in neighbouring European countries, a 12 percent rise from 2010.
Online purchases are also gaining in popularity, with about half of those surveyed saying they will buy gifts over the internet. This is an increase of 36 percent compared to last year.
Books, travel and money are the most popular gifts in Switzerland, with perfume, chocolate and vouchers also among the country's favourite presents.
With food and social events added to the Christmas budget, the Swiss are expected to spend an average of 1,038 francs ($1,123) per person, only three more than in 2010.