EUR CHF exchange rate goes up after ECB decision.

Only this Monday, the euro-franc exchange rate broke the magic barrier of 1.10 Francs per Euro after it became clear that Boris Johnson would be the next Prime Minister of the UK. This uncertainty has pushed the euro down. But much more than that, the euro was weakened by analysts' expectations, which had expected a interest rate cut in September or even in July. Now the ECB has decided to keep the euro rate at the already record low level of 0%.

This means that in terms of interest rates it is still more advantageous to have euros than francs. This gives investors an incentive to sell francs and buy euros. This has a negative impact on the franc exchange rate.

For the time being, the SNB is no longer under such pressure. However, it is unclear how the ECB will act in September. Mario Draghi emphasizes that the economy, especially that of the exporting industrialized countries, remains under pressure. Additionally inflation expectations are lower than hoped. All of this could prompt the ECB to continue the asset purchase program and lower interest rates in the future to shore up the economy.

To change Euro in CHF we recommend checking our current exchange rates and compare them to the Banks. Find the best Euro Franc exchange rate for you.