The EURCHF pair is the third-most frequently traded forex cross pair, with a US$44 billion average daily volume. It comprises two major currencies – the euro (EUR) and the Swiss franc (CHF). The value of EURCHF shows how many Swiss francs are required to buy one euro.

What is Euro vs. Swiss Franc (EURCHF)?

The EURCHF currency pair is an attraction for investors during times of uncertainty. It tells about the number of CHFs an investor or a trader needs to buy one EURO. However, EURO is the currency of 20 EU members and several non-EU countries. After the US dollar, it's the most traded currency in the world. Even in 2021, it comprised more than 30% of all currency transactions worldwide. On the other hand, CHF is the official currency of Switzerland and Liechtenstein. It's a haven for investors because of the historical appreciation of its value during volatility or market uncertainty. It’s vital information for those eager to understand how to trade EURCHF.

How Does EURCHF Work?

It works through trading in the forex market on online platforms like SimpleFX. It provides solutions such as a demo account, which enables traders eager to learn how to invest in EURCHF start without risking their real assets.

Besides, several factors influence the EURCHF exchange rate. Economic data such as GDP, trade data, employment and policies of the European Central Bank (ECB) and Swiss National Bank (SNB), for instance, changes in the interest rate. Moreover, traders should keep tabs on political events, global economic conditions like trade tensions, fluctuations in the prices of commodities, and risk sentiments in the financial markets.

EURCHF Price History

2018

The year started with a EURCHF value of 1.1706 and ended at 1.1323 CHF. Its average value for the year was 1.155 CHF. On 27th April 2018, the best exchange rate of 1.1999 CHF was recorded, and the worst value of the year was 1.1197 CHF, observed on 9th September 2018.

2019

On Tuesday, 1st January 2019, the EURCHF value was 1.1258 CHF; on 31st December 2019, it was at 1.086. The best value of 1.1447 CHF was recorded on 23rd April 2019, and the worst rate of 1.082 CHF was observed on 4th September 2019. The average rate of the year was 1.1126 CHF.

2020

At the start of the year, the exchange rate value was 1.0856 CHF; at the end, it was 1.0975 CAD. The year's average value was 1.0705 CHF, with the best value of 1.0975 and the worst value of 1.0508 CHF, recorded on 31st December and 17th April, respectively.

2021

On 1st January 2021, the EURCHF value was 1.08; on 31st December 2021, it was 1.0367 CHF. The year's best value was 1.1121 CHF on 4th March; the worst value of 1.0348 CHF was recorded on 30th December 2021. The average exchange rate of the year was 1.0812 CHF.

2022

On 1st January 2022, the exchange rate value was 1.037 CHF; on 31st December 2022, it was at 0.9917. The best rate of the year was 1.0598 and 0.9497 CHF, recorded on 6th February and 28th September, respectively. The year's average was 1.0051 CHF.

Current EURCHF Price

The current EURCHF price is subject to fluctuation due to the volatility of the forex market. Investors can check it on the chart or the SimpleFX Webtrader platform.

Is EURCHF a good investment?

Whether EURCHF is a good investment depends on factors such as interest rates, monetary policies, geopolitical events, etc. The answer depends on analyzing these factors and the potential returns on investment. If the factors are also stable and there are more chances of return, this currency pair brings more interest from investors eager to learn how to invest in forex worldwide.

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