Buy EUR at 0.9264: CHF Earners Pay More After SNB Holds Rates at 0%

That is 9.5 CHF more than at the 0.9245 rate seen on 16 June and 28 CHF more than at the 0.9208 rate from 7 June. The latest move came as the Swiss National Bank kept its policy rate unchanged at 0%.

SNB Keeps Rates at 0%

The Swiss National Bank left its policy rate at 0% at its 18 June monetary policy assessment. The central bank also repeated that it is ready to intervene in the foreign exchange market if the Swiss franc appreciates too quickly or too strongly.

For EUR/CHF, this is important because the European Central Bank has already raised rates, while Switzerland remains at zero. This difference can support the euro against the franc and make euro purchases more expensive for people earning in CHF.

Inflation Is Higher, but Still Controlled

Swiss inflation has risen in recent months, from 0.1% in February to 0.6% in May, mainly because of higher oil prices. However, the SNB still sees medium-term inflation pressure as broadly stable.

Its latest forecast puts average inflation at 0.6% in 2026, 0.6% in 2027 and 0.7% in 2028. This gives the SNB room to stay cautious rather than follow the ECB with a rate hike.

The June Advantage Has Narrowed Further

For CHF earners, the practical effect is clear: buying euros is now more expensive than it was earlier in June.

At the 0.9208 rate from 7 June, buying 5,000 EUR cost 4'604 CHF. At today’s 0.9264 rate, the same exchange costs 4'632 CHF.

For workers tracking eur chf, euro chf, chf to eur or the current eurokurs, the rate at 0.9264 is the least favourable level since late April in this series.

Compared with the strongest recent reference point of 0.9147 in late May, today’s rate is 58.5 CHF more expensive for a 5,000 EUR exchange. The rate is still slightly better than the late April reference point of 0.9287, but only by 11.5 CHF.

ExchangeMarket.ch Still Shows a Clear Saving

Even with the higher Buy EUR rate, ExchangeMarket.ch remains more competitive than the bank rates shown in the comparison.

On the 5,000 EUR example, the customer pays 4'632 CHF with ExchangeMarket.ch. The same exchange would cost 4'663.5 CHF at PostFinance, 4'686.5 CHF at BCGE, 4'687.5 CHF at BCV and 4'692.5 CHF at Migros Bank.

That means a saving of 31.5 CHF compared with PostFinance and up to 60.5 CHF compared with Migros Bank.

Practical Takeaway

At 0.9264, buying 5,000 EUR costs 4'632 CHF. The SNB’s decision to keep rates at 0% confirms that Switzerland remains on a different policy path than the ECB, which has already raised rates.

For regular CHF-to-EUR transfers, comparing providers makes a direct difference to the final cost. At today's rates, ExchangeMarket.ch clients save up to 60.5 CHF on a 5,000 EUR exchange.