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Franc hits record high against euro

Wednesday, 22 October 2025 06:30

The franc has hit record highs against the euro – 93 centimes will buy one euro.

Analysts say the franc is benefitting from its safe haven status in an uncertain world – but the euro’s also being dragged down by the political uncertainty in France.

It’s good news for those who live and shop in the eurozone – but it’s also bad news for exporters as it makes their products more expensive. 

It’s also a double-edged sword for those who live in France and pay tax directly as income calculations are based on euro exchange rates – so they’d be earning more and paying more tax.

Commentators suggest the franc’s strength is set to last a while yet.

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