Exchange Rate Calculator

The exchange rate between the Indian Rupee (INR) and the Swiss Franc (CHF) has experienced notable fluctuations over the past several months. This report provides an analysis of the recent trends, underlying factors influencing these movements, and insights into potential future developments.

Recent Exchange Rate Trends

January 2025:
- High: On January 2, 2025, the INR reached its peak against the CHF at 0.01063.
- Low: The lowest point was observed on January 28, 2025, with an exchange rate of 0.01044.
- Average: Throughout January, the average exchange rate stood at 0.01054.

February 2025:
- High: The highest exchange rate was 0.01052 on February 11, 2025.
- Low: The INR depreciated to its lowest at 0.01032 on February 5, 2025.
- Average: The month's average exchange rate was 0.01041.

March 2025:
- High: On March 10, 2025, the INR reached 0.01037 against the CHF.
- Low: The lowest rate was 0.01033 on March 6, 2025.
- Average: The average exchange rate for March was approximately 0.01035.

April 2025:
- High: The INR peaked at 0.01036 on April 15, 2025.
- Low: The lowest exchange rate was 0.01034 on April 10, 2025.
- Average: April's average exchange rate was around 0.01035.

May 2025:
- High: On May 20, 2025, the INR reached 0.01038 against the CHF.
- Low: The lowest rate was 0.01035 on May 5, 2025.
- Average: The average exchange rate for May was approximately 0.01036.

June 2025 (up to June 3):
- High: The INR peaked at 0.01039 on June 1, 2025.
- Low: The lowest exchange rate was 0.01037 on June 2, 2025.
- Average: The average exchange rate for the first three days of June was around 0.01038.

Factors Influencing the Exchange Rate

Several factors have contributed to the fluctuations in the INR/CHF exchange rate:

1. Economic Indicators:

   • India: Economic growth rates, inflation, and trade balances have a direct impact on the INR's strength.
   • Switzerland: As a stable economy with low inflation, the CHF often serves as a safe-haven currency during global economic uncertainties.

2. Monetary Policies:

   • Reserve Bank of India (RBI): Adjustments in interest rates and monetary policies by the RBI influence capital flows and, consequently, the INR's value.
   • Swiss National Bank (SNB): The SNB's policies, including interventions in the foreign exchange market, can affect the CHF's strength.

3. Global Market Sentiment:

   • During periods of global economic instability, investors tend to move towards safe-haven currencies like the CHF, leading to INR depreciation.

4. Trade Relations:

   • Bilateral trade volumes and agreements between India and Switzerland can influence demand for each other's currencies, impacting the exchange rate.

Future Outlook

Forecasting exchange rates involves considerable uncertainty due to the interplay of various dynamic factors. However, based on current trends and available forecasts:

• Short-Term (Next 3 Months):

  • The INR/CHF exchange rate is expected to remain relatively stable, with minor fluctuations influenced by economic data releases and central bank policies.

• Medium-Term (6 to 12 Months):

  • Potential economic reforms in India aimed at boosting growth could strengthen the INR.
  • Global economic conditions and Switzerland's monetary policies will continue to play a significant role in determining the CHF's strength.

• Long-Term:

  • Structural changes in both economies, trade policies, and global economic trends will shape the long-term trajectory of the INR/CHF exchange rate.

Conclusion

The INR/CHF exchange rate has exhibited moderate volatility over the past several months, influenced by a combination of domestic economic indicators, monetary policies, and global market sentiments. While short-term forecasts suggest relative stability, ongoing monitoring of economic developments in both India and Switzerland is essential for a more accurate assessment of future exchange rate movements.