Has the SNB accepted a stronger franc?

Swiss central bank reduces FX interventions as currency breaks 1.05 ceiling against the euro

swiss franc

The Swiss National Bank (SNB) seems to have accepted a stronger franc than the level it has targeted since 2011.

On November 19, the national currency dropped below 1.05 against the euro, the culmination of a gradual appreciation that began in March. Over the past eight months, the currency has risen by 6%, reaching 1.04 per euro in earlier trading today (December 1). This is the highest level since July 2015.

“The focus for the franc naturally tends to be on the bilateral exchange rate with

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account