EUR/CHF

Euro (EUR) to Swiss franc (CHF) exchange rate.

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Product Type: CurrenciesMarket: Global
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Description:

EUR/CHF is among the most popular currency pairs in the foreign exchange market. Its base currency, euro, is the 2nd most used currency in global trade finance (after the US dollar), and its quote currency, Swiss franc, is both a top-ranking trading currency and a world-leading reserve currency. EUR is the single currency of most EU member states, which together make up the Eurozone – a geographical area comprising one of the largest trading blocs in the world. CHF is the official currency of Switzerland, a small yet wealthy country in mainland Europe, strongly and unequivocally considered to be one of the top 5 most economically safe and stable countries in the world, often dubbed a ”safe haven” for foreign investors.

Interesting Facts:

  • Euro (EUR) and Swiss franc (CHF) are the 2nd and 5th most traded currencies in the world. The EUR/CHF currency pair has a high level of liquidity and an exceptionally high daily trading volume.
  • EUR is the single currency of the Eurozone, comprising 19 of the EU's 28 countries. It is also one of the top three reserve currencies of the world.
  • Switzerland has a peaceful, prosperous and safe market economy which enjoys a particularly low unemployment rate, a highly skilled labour force and one of the world’s top ten highest per capita GDP.
  • There is a strong link between the EUR/CHF and USD/CHF, due to the close economic and political ties between the EU and Switzerland on the one hand, and the immense competition between the US dollar and the euro, on the other.