Euro hit record level against Swiss franc

The euro has again suffered a decline against the Swiss franc, reaching another record level on the currency market, writes albinfo.ch.

According to the last exchange rate, 1 euro is being exchanged for around 0.9146 Swiss francs (CHF), which shows the continued strengthening of the Swiss currency against the euro.

Meanwhile, the exchange rate against the US dollar is about 1 euro = $1.1621, U.S. (USD).

The Swiss franc has long been viewed as one of the safest and most stable coins in the world, especially in periods of economic uncertainty and tension in international markets. Its strengthening often relates to investor confidence in Switzerland's economy and financial system.

Financial experts estimate that recent exchange rate movements can affect exports, tourism and living costs, especially for European citizens living and working in Switzerland.