Weaker franc leads to speculation over future of SNB floor

thomas-jordan-snb-2013
Thomas Jordan, SNB

Almost two years after it began to impose a minimum exchange rate on the Swiss franc to stem the currency's damaging appreciation at the height of the eurozone crisis in September 2011, the Swiss National Bank (SNB) has remained resolutely true to its word, buying as much foreign currency as necessary to keep EUR/CHF above 1.20.

But despite EUR/CHF trading only narrowly above the minimum rate for much of 2012, the franc has weakened considerably this year, with EUR/CHF reaching a high of 1.27 in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: