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[waldron] 24/12/2021 08:40

1 EUR = 1.0399 CHF


The Euro to Swiss Franc exchange rate (EUR CHF) as of 24 Dec 2021 at 8:39 AM.

[the grumpy old men] 23/12/2021 08:59

1 EUR = 1.042 CHF

[waldron] 23/12/2021 07:20

1 EUR = 1.0421 CHF

The Euro to Swiss Franc exchange rate (EUR CHF) as of 23 Dec 2021 at 7:19 AM.

[adrian j boris] 22/12/2021 08:02

1 EUR = 1.0424 CHF

[grupo guitarlumber] 21/12/2021 19:01

1 EUR = 1.0422 CHF

[sarkasm] 21/12/2021 17:09

1 EUR = 1.0419 CHF

[waldron] 21/12/2021 05:02

1 EUR = 1.0397 CHF


The Euro to Swiss Franc exchange rate (EUR CHF) as of 21 Dec 2021 at 5:02 AM.

[waldron] 20/12/2021 08:30

1 EUR = 1.0402 CHF


The Euro to Swiss Franc exchange rate (EUR CHF) as of 20 Dec 2021 at 8:29 AM.

[waldron] 19/12/2021 05:11

1 EUR = 1.0389 CHF


The Euro to Swiss Franc exchange rate (EUR CHF) as of 19 Dec 2021 at 5:10 AM.

[waldron] 17/12/2021 06:31

1 EUR = 1.0413 CHF


The Euro to Swiss Franc exchange rate (EUR CHF) as of 17 Dec 2021 at 6:31 AM.

[waldron] 17/12/2021 06:31

The Swiss National Bank's decision to leave its assessment of the franc unchanged may seem surprising given the currency's recent appreciation but the central bank justified this by emphasising inflation differentials, ING said.

Swiss inflation has risen but to a much lesser extent than elsewhere, significantly widening the inflation differential, said ING economist Charlotte de Montpellier. "Therefore, if we look at the real effective exchange rate, the value of the franc has not changed a lot since the beginning of the pandemic."

That explains why the SNB still described the franc as "highly valued" rather than "significantly overvalued" as some expected it to say, de Montpellier said.


The European Central Bank made a shift in its stance on Thursday which was extremely limited, removing some monetary accommodation only on the margins, said Lombard Odier.

The ECB announced that reinvestments from the PEPP will continue over a very long horizon, and that these can be adjusted flexibly, including the possibility to purchase Greek government bonds, while the regular APP will stay in place for an open-ended period, said Bill Papadakis, macro strategist.

"Rate hikes remain a very distant prospect in the euro area, and the ECB's projection of core inflation below-2% throughout the forecast horizon offer further confirmation," Papadakis said. Lombard Odier expects the deposit rate to remain at -0.50% until late-2023 at the earliest.

HSBC said the ECB's plan for scaling back asset purchases in 2022 implies a "fairly steep" tapering but it's still a long way from raising interest rates.

Noting that the ECB expects asset purchases to end shortly before it lifts rates, HSBC said: "With net purchases now pretty much nailed on until at least the end of 2022, market expectations of a 15 basis points policy rate rise next December look a little overdone."

Inflation is likely to ease below the 2% target in 2023 and 2024, giving the ECB reason to argue against a swift increase in rates.

[waldron] 16/12/2021 10:47

Swiss National Bank maintains loose monetary policy

SNB

The bank said it was willing to intervene in the foreign exchange market "as necessary" to mitigate upward pressure on the franc.

The Swiss National Bank has decided to stick to its expansionary monetary policy, a day after the US Federal Reserve announced it was tightening monetary policies amid rising inflation
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This content was published on December 16, 2021 - 11:34 December 16, 2021 - 11:34


On Thursday, the SNB announcedExternal link it was keeping the monetary policy rate at -0.75%. In doing so the bank wrote in a press release that it is "ensuring price stability and supporting the Swiss economy" in its recovery from the impact of the coronavirus pandemic".

The central bank also kept its description of the franc as "highly valued" – the same wording used in 2017. Since that time, the Swiss franc, considered a safe-haven currency in times of crisis, has appreciated 10% versus the euro to reach its highest level since July 2015.

The bank also said it was willing to intervene in the foreign exchange market "as necessary" to mitigate upward pressure on the franc. The SNB bought foreign currencies for almost CHF110 billion ($119 billion) in 2020.



SNB president Thomas Jordan conceded that it is difficult to interpret the evolution of exchange rates because of different levels of inflation.

While inflation has accelerated sharply in the US and in the euro zone, it stood at 1.5% in Switzerland in November.

Jordan believes that the acceleration of prices "will soon reach its peak and will decline over the next year".

The SNB adjusted its inflation forecast due to higher import prices for oil and goods affected by supply chain issues. Inflation expectations stand at 0.6% for 2021, 1% for 2022 and 0.6% for 2023. At its previous meeting in September, the Swiss central bank forecast inflation of 0.5% for 2021, 0.7% for 2022 and 0.6% for 2023.

The announcement comes at a time when many central banks are under pressure to respond to rising inflation. The US Federal Reserve signaled on Wednesday that it plans to raise rates in 2022 and end asset purchases earlier than planned. However, the SNB is guided primarily by the European Central Bank, which is expected to announce possible monetary policy changes on Thursday.

[waldron] 16/12/2021 09:00

Swiss National Bank Maintains Interest Rate at -0.75%, Lifts Inflation Forecast
12/16/2021 | 08:46am GMT


(MT Newswires) -- As expected, the Swiss National Bank (SNBN.SW) once again kept its interest rate unchanged at -0.75% at its latest monetary policy meeting on Thursday to ensure price stability and economic support.

The Swiss central bank updated its inflation forecast to 0.6% for 2021 and 1% for 2022, assuming the interest rate remains the same for the entire forecast period. In September 2021, it projected inflation to be 0.5% in 2021 and 0.7% for 2022. The bank's 0.6% inflation outlook for 2023 remains unchanged.

Swiss National Bank also expects the country's gross domestic product to expand 3.5% in 2021, with growth of about 3% projected for 2022.

[waldron] 16/12/2021 04:51

1 EUR = 1.0444 CHF


The Euro to Swiss Franc exchange rate (EUR CHF) as of 16 Dec 2021 at 4:50 AM.

[waldron] 15/12/2021 12:38

Use of the euro in Switzerland

The currency of Switzerland is the Swiss franc. Switzerland (with Liechtenstein) is in the unusual position of being surrounded by countries that use the euro.

As a result, the euro is de facto accepted in many places, especially near borders and in tourist regions.

Swiss Federal Railways accept euros, both at ticket counters and in automatic ticket machines.

Also many public phones, vending machines or ticket machines accept euro coins.

Many shops and smaller businesses that accept euros take notes only, and give change in Swiss francs, usually at a less favourable exchange rate than banks.

Many bank cash machines issue euros at the traded exchange rate as well as Swiss francs.

On 6 September 2011, the Swiss franc effectively became fixed against the euro: the Franc had always floated independently until its currency appreciation became unacceptable during the eurozone debt crisis.

The Swiss National Bank set an CHF/EUR peg that involved a minimum exchange rate of 1.20 francs to the euro, with no upper bound in place.

The Bank committed to maintaining this exchange rate to ensure stability.

The peg was abandoned on 15 January 2015, when renewed upward pressure on the Swiss franc exceeded the Bank's level of tolerance.

[waldron] 15/12/2021 06:58

1 EUR = 1.0413 CHF


The Euro to Swiss Franc exchange rate (EUR CHF) as of 15 Dec 2021 at 6:57 AM.

[grupo guitarlumber] 14/12/2021 11:28

1 EUR = 1.0406 CHF

[waldron] 14/12/2021 06:38

1 EUR = 1.0411 CHF



The Euro to Swiss Franc exchange rate (EUR CHF) as of 14 Dec 2021 at 6:37 AM.

[waldron] 13/12/2021 06:18

1 EUR = 1.0416 CHF



The Euro to Swiss Franc exchange rate (EUR CHF) as of 13 Dec 2021 at 6:16 AM.

[waldron] 12/12/2021 08:14

1 EUR = 1.042 CHF

Looking to make a Euros to Swiss Francs money transfer?

The Euro to Swiss Franc exchange rate (EUR CHF) as of 12 Dec 2021 at 8:13 A

[sarkasm] 10/12/2021 15:04

1 EUR = 1.0413 CHF

[waldron] 10/12/2021 08:20

1 EUR = 1.0437 CHF


The Euro to Swiss Franc exchange rate (EUR CHF) as of 10 Dec 2021 at 8:19 AM.

[grupo guitarlumber] 09/12/2021 12:46

1 EUR = 1.0439 CHF

[grupo guitarlumber] 09/12/2021 12:44

USD/CHF drifts higher as Swiss downgrades its growth forecast

By: Crispus Nyaga
on Dec 9, 2021

The USD/CHF pair moved higher after SECO downgraded its growth forecast.

It expects that the Swiss economy will grow by 3% in 2022 and 2% in 2023.

Focus shifts to the US inflation data and SNB decision.

The USD/CHF tilted higher on Thursday after Switzerland downgraded its growth forecast citing the threat of the Omicron variant. The pair is trading at 0.9230, which is slightly above the intraday low of 0.9200.

Switzerland growth forecast

The Swiss economy has done relatively well this year. For example, recent data showed that the country’s unemployment rate declined to about 2.5% in November. This makes it the country with the lowest rate in Europe.


The Swiss economic recovery is attributed to the country’s vaccination progress and the rising internal and external demand. Consumer consumption has risen sharply.

However, there is a likelihood that economic growth is starting to slow. In a report published on Thursday, the State Secretariat for Economic Affairs (SECO) said that the new variant will hurt the recovery.

It expects that the economy will grow by about 3.0% in 2022 and then 2.0% in 2023. These numbers were lower than the previous estimates of 3.4% and 2.4%, respectively. The committee pointed to the new Omicron variant and the rising supply chain disruptions.

Focus now shifts to the Swiss National Bank (SNB), which will hold the last meeting of the year next week. Analysts expect that the bank will maintain a dovish tone in a bid to devalue the currency and stimulate inflation. While most countries are seeing high consumer inflation, the Swiss CPI is less than 2%.

The SNB has done a lot to devalue the Swiss franc. For example, the central bank holds more than 1 trillion francs in a bid to keep the currency stable.

The next key catalyst for the USD/CHF pair will be the US inflation numbers scheduled for Friday. Economists expect these numbers to show that the country’s inflation rose sharply in November.


The four-hour chart shows that the USD/CHF pair has bounced back in the past few hours. The pair is approaching the chin of the double-top pattern at 0.9235. This pattern is known as a break and retest and is usually a bearish sign. It is also slightly below the 50% Fibonacci retracement level. The pair has also moved below the 25-day and 50-day moving averages.

Therefore, there is a likelihood that the pair will resume the bearish trend as bears target the 61.8% retracement level at about 0.9200.