*Currency rates used are indicative based on the mid-market rate with example spreads used to demonstrate the difference between an average for Swiss banks vs one typically offered by SwissFx.

This is for informational purposes only and you may get a different rate when exchanging money.

Please contact us for an exact price.

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*Currency rates used are indicative based on the mid-market rate with example spreads used to demonstrate the difference between an average for Swiss banks vs one typically offered by SwissFx.

This is for informational purposes only and you may get a different rate when exchanging money.

Please contact us for an exact price.

Send

CHF

Receive

EUR

You could save up to*

EUR

*Currency rates used are indicative based on the mid-market rate with example spreads used to demonstrate the difference between an average for Swiss banks vs one typically offered by SwissFx.

This is for informational purposes only and you may get a different rate when exchanging money.

Please contact us for an exact price.

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EUR/CHF Currency History

Charts showing the historical trend for EUR/CHF.

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EUR / CHF

Exchange Rate History

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Notable Historical Events affecting the EUR/CHF exchange rate

Some of the events that have historically affected the EUR/CHF exchange rate include:

Euro notes and coins places on top of a map showing the territory of Greece

The European sovereign debt crisis (2011)

The financial crash in 2008 lead to individual sovereign debt crises in the following European member states: Greece, Portugal, Cyprus and Ireland.

Investors used the Swiss Franc as a “safe haven”, and this lead to a strong appreciation of the CHF. In an attempt to curb this, the Swiss National Bank (SNB) intervened in 2011 when the exchange rate reached parity, by creating a rate floor. The Minimum exchange rate was CHF 1.20 per Euro.

The European sovereign debt crisis (2011)

The financial crash in 2008 lead to individual sovereign debt crises in the following European member states: Greece, Portugal, Cyprus and Ireland.

A one Euro coin shown next to a one Swiss franc coin

The Swiss franc shock (2015)

As mentioned above, the Swiss Franc was pegged to the Euro in 2011 by the Swiss National Bank (SNB) to ease appreciation. This became increasingly difficult for the SNB to maintain, especially with rumours of a new quantitative easing policy by the ECB (European Central Bank).

The Euro peg was removed by the SNB on January 15th 2015. This sent the markets into shock and the price of EUR/CHF dropped from 1.20 to around 0.85 a few minutes after the removal.

The SNB responded by decreasing already negative interest rates to -0.75% to decrease demand for the Swiss franc.

The Swiss franc shock (2015)

The Euro peg was removed by the SNB on January 15th 2015. This sent the markets into shock and the price of EUR/CHF dropped from 1.20 to around 0.85 a few minutes after the removal.

The SNB responded by decreasing already negative interest rates to -0.75% to decrease demand for the Swiss franc.

Two people sat facing one another at a table, with the Russian and Ukrainian flags in the background.

Rising Geopolitical tensions (2022 onwards)

The conflict between Russia and Ukraine had a significant impact on global financial and energy markets, strengthening the Swiss franc due to its reputation as a safe haven.

This has only increased because of events in the Middle East, United States and elsewhere.

Suspicions from the US that the SNB is manipulating the Swiss franc, an accusation that they refute, may add pressure when they wish to intervene to stabilise the currency as they have done in the past.

A joint statement by the SNB, the Federal Department of Finance and the US Treasury Department agrees that the monetary policy set by the SNB is only done so to maintain the stability of prices.

Rising Geopolitical tensions (2022 onwards)

The conflict between Russia and Ukraine had a significant impact on global financial and energy markets, strengthening the Swiss franc due to its reputation as a safe haven.

This has only increased because of events in the Middle East, United States and elsewhere.

A joint statement by the SNB, the Federal Department of Finance and the US Treasury Department agrees that the monetary policy set by the SNB is only done so to maintain the stability of prices.

EUR/CHF Frequently Asked Questions

Get the answers to all of your questions related to exchanging the Euro and Swiss franc.

What influences the exchange rate between the Euro and Swiss franc?

The exchange rate between EUR and CHF has historically been influenced by policies and decisions by the Swiss National Bank (SNB) and the European Central Bank. However, there are many other factors that influence the price of a currency, view our article on what factors influence exchange rates to learn what they are.