Correct if you only compare the returns. But you forgot to take into account the original investment of 100k. If USD/CHF looses 2/3, you also loose 66k (in CHF) on the investment.
Correct if you only compare the returns. But you forgot to take into account the original investment of 100k. If USD/CHF looses 2/3, you also loose 66k (in CHF) on the investment.