The Swiss franc changed hands at 0.916 per USD in late October, appreciating further from a recent low of 0.934 touched at the end of September and following a rally in the country's 10-year government bond yields to near 3-year highs. Inflation jitters and worries over slowing global activity prompted investors to look for safety during past weeks, while the greenback eased from a recent one-year peak. On the monetary policy front, the SNB said it is maintaining an expansionary monetary policy stance, aimed at ensuring price stability and providing ongoing support to the Swiss economy, despite early moves by the ECB and the US Fed to start normalizing policy.
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 October of 2021.
The Swiss Franc is expected to trade at 0.92 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.94 in 12 months time.