EUR/CHF: the euro against the Swiss franc

• EUR
• CHF

What EUR/CHF is

EUR/CHF is a currency pair that prices the euro (EUR) in Swiss francs (CHF). The euro is the base currency and the franc is the quote currency. The quote tells you how many francs it takes to buy a euro.

• If the price rises, the euro has strengthened against the franc.
• If the price falls, the franc has strengthened against the euro.

The US dollar is not part of EURCHF, so it is a cross pair, sometimes called a minor. Our page on majors, minors and exotics explains how pairs are grouped, and currency pairs covers the basics.

How to read the quote

A trading platform shows two prices:

• Bid: the price at which you can sell the euro.
• Ask: the price at which you can buy the euro.

The gap between them is the spread, which is your cost of entering a trade. Most platforms show prices with an extra digit beyond the pip, called a pipette (a tenth of a pip).

Pip size and pip value per lot

A pip is the standard unit used to measure price changes in a pair. A lot is the standard trade size. The pip value tells you how much a position gains or loses when the price moves by a pip.

For EURCHF, the pip value is calculated in francs, the quote currency. If your account is in USD or another currency, the value is converted at the current rate. Because that rate keeps changing, the pip value in your account currency also changes. The calculator below works it out for any lot size:

At Exness the minimum trade size is 0.01 lot. On a Standard Cent account, 1 cent lot = 1,000 USD = 0.01 standard lot, so pip values there are much smaller.

What tends to move EURCHF

The euro and the franc are closely linked economies. EURCHF often moves less than pairs that include the US dollar, but it can still move sharply when the central banks act or markets turn fearful. This is general background for fundamental analysis, not a forecast.

Euro side

• ECB policy: interest rate decisions, guidance and bond-buying plans from the European Central Bank.
• Euro-area inflation: the flash and final consumer price releases shape expectations for ECB rates.
• PMIs: purchasing managers' surveys for manufacturing and services give an early read on activity.
• German data: industrial output, business sentiment surveys and inflation from the largest euro economy.
• Energy prices: the euro area imports much of its energy, so gas and oil prices affect growth and inflation.

Swiss franc side

• SNB policy: rate decisions and statements from the Swiss National Bank.
• FX interventions: the SNB has bought and sold foreign currency to influence the franc. In the past it set a minimum rate against the euro and later removed it, and EURCHF moved very sharply within minutes. Gaps like that can jump past stop-loss orders.
• Safe-haven flows: in times of market stress, investors often buy the franc, which tends to push EURCHF lower.
• Euro-area spillovers: the euro area is Switzerland's main trading partner, so euro-area weakness can affect Swiss data and SNB decisions.

To compare how EURCHF relates to EUR/USD, USD/CHF and GBP/CHF, see pair correlations.

Liquidity by session and spread behaviour

• European session: this is usually the most liquid period for EURCHF, because both currencies are mainly traded in European hours. Spreads are usually at their tightest.
• US session overlap: liquidity stays reasonable while Europe is still open, then falls as European markets close.
• Asian session and the daily rollover: volume is thinner, and spreads often widen. They widen most around the end of the trading day.
• News releases: spreads can widen and prices can gap around ECB and SNB decisions, inflation data and PMIs.

Spreads quoted as "from" are minimums. Real spreads change with market conditions.

Exness conditions to check

Exness does not list a dedicated EURCHF specification in the facts we hold. Check contract size, pip size, swap rates and trading hours in the symbol specification in your platform. The account-level conditions below come from Exness pages:

Other conditions to note:

• Maximum lot size: 200 lots (7:00–20:59 GMT+0), 60 lots (21:00–6:59 GMT+0).
• News margin: positions opened from 15 minutes before to 90 seconds after high-impact news are subject to higher margin requirements. During those periods, forex leverage is 1:200 (0.5%).
• Unlimited leverage: this applies to Forex majors and minors, DXY, USDCNH, HKDJPY, USDHKD, USDTHB; all commodities except XAUUSD247; BTCUSD, BTCUSDT, ETHUSD, ETHBTC, and only on real accounts: equity below 5,000 USD and at least 10 closed orders totalling 5 lots or more across real accounts.
• Swap-free status: clients registered from these countries get it automatically: Algeria, Azerbaijan, Bahrain, Bangladesh, Brunei, Chad, Comoros, Côte d'Ivoire, Djibouti, Egypt, Indonesia, Iraq, Jordan, Kazakhstan, Kyrgyzstan, Kuwait, Lebanon, Libya, Maldives, Mauritania, Morocco, Niger, Oman, Pakistan, Qatar, Saudi Arabia, Senegal, Tajikistan, Tunisia, Turkiye, Turkmenistan, United Arab Emirates, Uzbekistan. Our pages on swap fees and Islamic finance explain more.

For a side-by-side view of the accounts, see account types.

Margin and risk

Margin is the amount your broker sets aside from your funds to keep a position open. Higher leverage means less margin per position. It also means a small price move can wipe out your funds faster. Use the calculator to see the margin required for a given lot size and leverage:

Leveraged CFD and forex trading can lose money fast, and a sudden SNB move can gap the price past your stop. Read risk management before you size any trade.

In Pakistan, per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)). Also, per the SBP, the purchase of offshore forex/margin/CFD products by Pakistani residents violates section 4(1) of FERA 1947. Read law and regulators before opening any offshore account.

Frequent questions

What does EUR/CHF mean?

It is the price of the euro in Swiss francs. A rising quote means the euro is gaining against the franc.

Is EURCHF a major pair?

No. It does not include the US dollar, so it is a cross (minor) pair.

What is a good eurchf analysis approach?

Follow ECB and SNB decisions, euro-area inflation and PMIs, German data, energy prices and general risk sentiment. This page gives background only, not trade ideas.

Why does EURCHF sometimes jump suddenly?

SNB decisions and interventions, as well as safe-haven flows during market stress, can move the franc sharply and widen spreads.

Where do I find the exact EURCHF specification at Exness?

Open the symbol specification in your platform. You can also check the current conditions in the Exness personal area or on the official site.

How do I calculate the euro franc pip value?

Use the pip calculator on this page or on our calculators page. It converts the franc value into your account currency.