EURCHF definition

EUR/CHF tells you how many Swiss francs one euro will buy, the exchange rate between two of Europe's core currencies. It accounts for around 1% of the roughly $9.6 trillion that changes hands in the global forex market each day (BIS Triennial Survey, 2025), giving it solid liquidity for a cross, and it is closely watched as a gauge of stress within Europe. There is no common nickname for the pair.

Here the euro is the base currency and the franc the quote currency, so a quote of 0.9500 means one euro buys 0.9500 francs. A higher price shows the euro strengthening against the franc, a lower price the opposite. You trade EUR/CHF as a forex CFD, betting on the direction of the rate rather than owning either currency: go long if you think the euro will rise, short if you think it will fall. Pips sit at the fourth decimal place, and your result is the pips you capture multiplied by your position size.

What moves EUR/CHF most is the contrast between the European Central Bank and the Swiss National Bank, layered on top of safe-haven demand for the franc. The SNB has a long history of leaning against franc strength, and the pair's defining moment came in January 2015 when the bank abruptly scrapped its 1.20 floor and the franc surged. The pair often trades quietly for long stretches, then lurches when intervention risk or a flight to safety takes hold.