EURCHF: Live Price Chart

EUR/CHF is a cross currency pair that shows how many Swiss francs (CHF) are needed to buy one euro (EUR). For example, if the EUR/CHF rate is 0.95, one euro is worth 0.95 Swiss francs, and one Swiss franc is worth about 1.05 euros.

The euro was introduced in 1999 as the common currency of the eurozone, first for electronic payments, with euro banknotes and coins following in 2002. The Swiss franc is the currency of Switzerland and is often seen as a safe-haven currency because of the country's reputation for financial and political stability.

The EUR/CHF exchange rate is affected by factors such as monetary policy decisions by the European Central Bank (ECB) and the Swiss National Bank (SNB), economic data, political events and global risk sentiment. The SNB has intervened in the foreign exchange market in the past, particularly during periods of economic stress.

The EUR/CHF exchange rate has gone through periods of both stability and sharp volatility, often linked to the Swiss franc's role as a safe-haven currency and to Swiss National Bank (SNB) policy.

During the global financial crisis and the eurozone debt crisis, investors moved into the Swiss franc. EUR/CHF fell from about 1.64 in 2007 to a record low of about 1.0075 on 9 August 2011. On 6 September 2011, the SNB introduced a minimum exchange rate of CHF 1.20 per euro.

On 15 January 2015, the SNB unexpectedly removed the minimum rate, and within minutes EUR/CHF briefly fell below 0.90. Since then, the pair has reacted to SNB and ECB policy, economic data and changes in global risk sentiment. Past performance is not a reliable indicator of future results.

Traders follow EUR/CHF because it combines the euro with the Swiss franc, which is often seen as a safe-haven currency. Economic data releases, central bank decisions and political developments in the eurozone and Switzerland can move the pair. These price movements can create trading opportunities, but they can also lead to losses.

Traders may also consider other currency pairs, depending on their strategy and market analysis. For example, those interested in major pairs may look at USD/JPY or GBP/USD, while those interested in emerging market currencies may look at USD/MXN or USD/CNH. The choice of currency pair depends on each trader's risk tolerance, goals and market view. It's important to understand the risks before trading.