Euro to franc at record low

The euro only costs 0.98755 francs. “This is – apart from the chaos day January 15, 2015 – an all-time low,” said Thomas Heller, CIO at Belvédère Asset Management to AWP. At that time, the Swiss National Bank (SNB) had lifted the minimum euro exchange rate of CHF 1.20, which it had defended for years.

For comparison: when the euro was introduced on January 1, 2002, the euro cost 1.48 francs and rose temporarily to more than 1.60 francs in the years that followed.

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