Should you exchange your Swiss francs for euros now?

The current strength of the Swiss franc against major currencies – the euro and the dollar – is attracting growing interest among both travellers and investors.

In an interview with the Tribune de Genève, Daniel Varela, Chief Investment Officer at Piguet Galland, shares his analysis of the situation and short-term outlook.

The euro is currently trading around 0.93 francs, while the dollar is close to its historical low of 0.79 francs. These levels naturally appeal to those planning purchases abroad or travelling, but political and economic uncertainty remains high on both sides of the Atlantic.

What should you watch out for?

• In Europe, political instability in France is weighing on the euro.
• In the United States, the administration’s intention to weaken the dollar to boost industrial competitiveness is supporting the Swiss franc.
• According to Daniel Varela, “President Trump could put pressure on trade partners before the 9 July deadline, which may push the franc even higher.”

Should you wait?

Daniel Varela believes the euro could fall further towards the 0.92 franc threshold, potentially offering an even more attractive buying opportunity in the near future.

🔗 Read the article on the Tribune de Genève (French only)