News & Articles

Currency Solutions

Swiss franc sinks

The euro has jumped to a new daily high versus the franc Thursday morning with reports that the Swiss National Bank is ready to intervene in foreign exchange markets if needed. Traders say that the Swiss National Bank has intervened in foreign exchange markets before and are willing to do it again. They intervened as early as last month to buy euros and sell Swiss francs.

The central bank has warned on a continuous basis that it would act to prevent further appreciation of the franc against the euro. The bank's willingness to act had the euro exchange rate up to a high of 1.5244 francs and remains 0.2% higher on the day at 1.5228 francs.

The rates quoted above are interbank rates. Client rates may vary according to the volume and timing of the trade.

Please note: All rates are subject to change, for the latest up-to-date rates check our Currency converter

Bookmark and Share

Contact Us

Currency Converter

Today's Currency News

The first glimpse of the upcoming data in the UK during the third quarter has disappointed markets...

Currency Rates

US Dollars 1.6890
Euros 1.2616
Swiss Francs 1.5348
Australian Dollars 1.8155
South African Rand 18.082
GBP indicative mid-market rate at 00:35. Please call for quote.