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Ski Biz

The tiny Swiss ski village of Grächen has come up with an innovative way to combat a soaring Swiss franc that is crippling most ski economies: the town has declared itself a financial microclimate, and kept its exchange rate of 1.35 francs to the euro. The rate has been in place since 2011, and is observed by the vast majority of hotels, shops, lift pass providers, and restaurants. And while you have to pay cash to benefit from the exchange rate, it's helping Grächen keep visitors happy while other ski towns struggle to attract tourists. More info, here. [The Wall Street Journal]