Let’s talk cash –
Euro/franc exchange: what trend for the end of the year?
Once a month, in collaboration with Change Migros, we offer you a column dedicated to currency exchange issues.
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Published today at 2:30 p.m.
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At the end of 2024, the euro/franc exchange rate is expected to move within a fairly stable range, influenced by monetary and geopolitical factors.
Currently, the rate oscillates around 0.94 francs per 1 euro, mainly due to the cautious policy of the Swiss National Bank (SNB) and persistent geopolitical tensions, which reinforce the traditional role of the Swiss currency as a safe haven. .
Two scenarios are emerging for the end of the year. If geopolitical tensions reduce and the eurozone economy stabilizes, the euro could strengthen slightly, pushing the rate towards 0.97 francs per euro.
Conversely, in the event of continued uncertainty and new economic pressures in the European Union (EU), the rate could fall towards 0.95 francs per 1 euro, or even less. The SNB is expected to keep rates low to limit the excessive rise of the franc, thus favoring its exporters, while the European Central Bank (ECB) continues to adjust its policies to control inflation.
In summary, if you need to convert francs to euros for immediate expenses, now is a good time. On the other hand, for those hoping for a rise in the euro, it could be advantageous to wait until the end of the year to see how the economic situation in Europe develops.
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