Euro to Swiss Franc exchange rate history 1999 to 2026: the franc as a stress gauge
One Euro bought 1.6006 CHF in 1999 and 0.9241 CHF in 2026. The franc as a stress gauge. The series covers 28 years of annual data.
- 2026 avg
- 0.9241
- year to date
- Highest avg
- 1.6432
- 2007
- Lowest avg
- 0.9241
- 2026
- Traded range
- 0.9027 to 1.6792
- low 2026, high 2007
Source: Federal Reserve H.10 cross rate (DEXUSEU ÷ DEXSZUS). Latest daily observation 2026-10-30.
Annual averages of daily observations.
EUR/CHF since 1999
Euro to Swiss Franc averaged 1.6006 CHF in 1999 and 0.9369 CHF in 2025, 41.5% lower across 27 complete years.
The annual average has ranged from 0.9241 in 2026 to 1.6432 in 2007. On individual trading days the series reached 0.9027 and 1.6792, a ratio of 1.9 to 1.
EUR/CHF by decade
Grouped by decade, the annual average was 1.6006 in 1999 and 0.9917 in 2020-2026. The widest decade-to-decade change was -23.7% between 2000-2009 and 2010-2019, when the average moved from 1.5462 to 1.1802.
The final bucket, 2020-2026, is a partial decade and includes the year-to-date 2026 average. The table below shows every bucket with its high and low, so the short-run moves and the long-run level can be read together.
The euro-franc safe-haven relationship
EUR/CHF includes a safe-haven currency. The Swiss franc is a traditional safe-haven currency, supported by Switzerland's current account surplus and low public debt.
Demand for CHF rises when investors are risk-averse, when the euro area or global markets are under stress, and when the domestic central bank is seen as credible. That demand can dominate the normal rate differential, which is why the pair can strengthen even when the CHF interest rate is lower.
The franc strengthens when investors are worried about the euro area, which makes EUR/CHF a stress gauge as much as a rate pair. The series shows the pattern: the average moved -41.5% from 1999 to 2025, and the largest single-year move was -16.3% in 2010.
The five largest EUR/CHF moves
Ranked by absolute year-end change, the five largest moves were 2010 (-16.3%), 2008 (-10.2%), 2015 (-9.5%), 2017 (+9.2%), 2003 (+7.5%). The biggest was 2010, when the rate moved from 1.4845 to 1.2432, a change of 16.3%.
Across 27 complete years the pair rose in 7 and fell in 19. The average annual change was -1.9% with a standard deviation of 5.2 percentage points, which is one way to compare its volatility with other pairs.
What moves EUR/CHF
EUR: The euro is the shared currency of the euro area. It was introduced for accounting in 1999 and as cash in 2002.
CHF: The Swiss franc is a traditional safe-haven currency, supported by Switzerland's current account surplus and low public debt.
For EUR/CHF, the EUR leg responds to European Central Bank policy, euro area inflation, energy prices, while the CHF leg responds to safe-haven demand, Swiss National Bank policy, euro area risk. The exchange rate is the market's attempt to balance the two sets of forces.
How to read the EUR/CHF data
This is a derived cross rate. Each day's EUR/CHF is calculated from the two US dollar legs in Federal Reserve H.10 cross rate (DEXUSEU ÷ DEXSZUS), joined on the same calendar date with up to seven days of holiday carry-forward. No figure on this page is estimated or interpolated.
EUR/CHF by decade
Annual averages grouped into decade buckets. The first and last buckets may cover fewer than ten years.
| Period | Average | High | Low | vs previous |
|---|---|---|---|---|
| 1999 | 1.6006 | 1.6181 | 1.5877 | n/a |
| 2000–2009 | 1.5462 | 1.6792 | 1.4414 | -3.4% |
| 2010–2019 | 1.1802 | 1.4866 | 0.9776 | -23.7% |
| 2020–2026 | 0.9917 | 1.1150 | 0.9027 | -16.0% |
Average of the annual averages in each period. The first and last rows cover partial decades.
EUR/CHF annual average, 1999 to 2026
Annual average with the full trading range for each year. average high–low range
Source: Federal Reserve H.10 cross rate (DEXUSEU ÷ DEXSZUS). Figures are annual averages of daily observations.
Five largest EUR/CHF moves
The largest absolute year-end changes in the published series, using complete calendar years only.
- 2010 -16.3% 1.4845 to 1.2432
Year-end rate moved from 1.4845 to 1.2432, a change of 16.3%.
- 2008 -10.2% 1.6544 to 1.4856
Year-end rate moved from 1.6544 to 1.4856, a change of 10.2%.
- 2015 -9.5% 1.2021 to 1.0877
Year-end rate moved from 1.2021 to 1.0877, a change of 9.5%.
- 2017 +9.2% 1.0721 to 1.1707
Year-end rate moved from 1.0721 to 1.1707, a change of 9.2%.
- 2003 +7.5% 1.4504 to 1.5595
Year-end rate moved from 1.4504 to 1.5595, a change of 7.5%.
EUR/CHF history: the years that moved the rate
Each event below is dated and tied to one of the currencies in this pair.
- 1999 1999-01-01
The euro is launched
Eleven European Union countries adopted the euro as an accounting currency, replacing the European Currency Unit at a ratio of one to one.
- 2011 2011-09-06
Swiss National Bank sets a 1.20 floor against the euro
The Swiss National Bank set a minimum exchange rate of CHF 1.20 per euro and committed to defend it, as safe-haven demand pushed the franc higher during the euro area debt crisis.
- 2015 2015-01-15
Swiss National Bank abandons the euro floor
The Swiss National Bank discontinued the CHF 1.20 per euro minimum exchange rate without warning. The franc surged and the move caused severe losses for some currency brokers.
EUR to CHF exchange rate by year
Every year since 1999: annual average, the year high and low, the year-end rate, and the change on the previous year.
| Year | Average | High | Low | Year end | Change |
|---|---|---|---|---|---|
| 1999 | 1.6006 | 1.6181 | 1.5877 | 1.6042 | n/a |
| 2000 | 1.5577 | 1.6151 | 1.4999 | 1.5210 | -5.2% |
| 2001 | 1.5109 | 1.5459 | 1.4447 | 1.4774 | -2.9% |
| 2002 | 1.4668 | 1.4836 | 1.4472 | 1.4504 | -1.8% |
| 2003 | 1.5209 | 1.5732 | 1.4521 | 1.5595 | +7.5% |
| 2004 | 1.5440 | 1.5830 | 1.5067 | 1.5450 | -0.9% |
| 2005 | 1.5485 | 1.5646 | 1.5302 | 1.5570 | +0.8% |
| 2006 | 1.5732 | 1.6094 | 1.5422 | 1.6094 | +3.4% |
| 2007 | 1.6432 | 1.6792 | 1.5998 | 1.6544 | +2.8% |
| 2008 | 1.5870 | 1.6468 | 1.4414 | 1.4856 | -10.2% |
| 2009 | 1.5096 | 1.5361 | 1.4607 | 1.4845 | -0.1% |
| 2010 | 1.3816 | 1.4866 | 1.2432 | 1.2432 | -16.3% |
| 2011 | 1.2329 | 1.3189 | 1.0355 | 1.2161 | -2.2% |
| 2012 | 1.2050 | 1.2180 | 1.2007 | 1.2072 | -0.7% |
| 2013 | 1.2305 | 1.2625 | 1.2084 | 1.2269 | +1.6% |
| 2014 | 1.2146 | 1.2373 | 1.2008 | 1.2021 | -2.0% |
| 2015 | 1.0679 | 1.2020 | 0.9776 | 1.0877 | -9.5% |
| 2016 | 1.0899 | 1.1128 | 1.0680 | 1.0721 | -1.4% |
| 2017 | 1.1116 | 1.1747 | 1.0637 | 1.1707 | +9.2% |
| 2018 | 1.1555 | 1.1986 | 1.1206 | 1.1264 | -3.8% |
| 2019 | 1.1124 | 1.1457 | 1.0823 | 1.0864 | -3.5% |
| 2020 | 1.0700 | 1.0870 | 1.0505 | 1.0813 | -0.5% |
| 2021 | 1.0816 | 1.1150 | 1.0351 | 1.0351 | -4.3% |
| 2022 | 1.0049 | 1.0603 | 0.9445 | 0.9886 | -4.5% |
| 2023 | 0.9715 | 1.0052 | 0.9297 | 0.9298 | -6.0% |
| 2024 | 0.9528 | 0.9922 | 0.9270 | 0.9386 | +0.9% |
| 2025 | 0.9369 | 0.9644 | 0.9216 | 0.9314 | -0.8% |
| 2026 YTD | 0.9241 | 0.9471 | 0.9027 | 0.9187 | -1.4% |
1999–2026 · 27 complete calendar years. Annual figures are averages of available daily observations. 2026 is year to date: the average is based on 209 published trading days through 2026-10-30.
EUR/CHF history: common questions
What was the EUR/CHF rate in 1999?
One EUR averaged 1.6006 CHF in 1999, with a range of 1.5877 to 1.6181 and a year-end rate of 1.6042.
What is the lowest EUR/CHF rate on record?
The lowest annual average was 0.9241 in 2026. The lowest single observation was 0.9027 in 2026.
What was the biggest single-year move in EUR/CHF?
2010 was the largest, at -16.3%. The year-end rate moved from 1.4845 to 1.2432.
How volatile has EUR/CHF been?
Across 27 complete years the average annual change was -1.9% with a standard deviation of 5.2 percentage points. The largest drawdown was 43.8%, from 2007 to 2023.
How is the EUR/CHF rate calculated?
This is a derived cross rate. Each day's EUR/CHF is calculated from the two US dollar legs in Federal Reserve H.10 cross rate (DEXUSEU ÷ DEXSZUS), joined on the same date.
What is the EUR/CHF rate in 2026?
The 2026 average is 0.9241 CHF per EUR, based on the year to date. The latest complete year, 2025, averaged 0.9369.
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