The Swiss franc depreciated further to trade around 0.928 per dollar on Friday, close to its lowest level since July 22nd, after on Thursday the Swiss National Bank kept interest rates steady and reiterated its willingness to intervene more strongly in the currency markets to stop the rise of franc. The franc is on course for a near 2% loss this week, pressured by a stronger dollar. Switzerland continues to be hit by a second wave of coronavirus infections while Spain, France and the UK started to impose more restrictive measures.
Historically, the Swiss Franc reached an all time high of 4.32 in January of 1971. Swiss Franc - data, forecasts, historical chart - was last updated on September of 2020.
The Swiss Franc is expected to trade at 0.93 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.95 in 12 months time.