Last year the Swiss(CHF) to Euro(EUR) exchange rate was 1.11 S/E and the inflation rates were 15% for the Swiss and 5% for the Euro. This year, the exchange rate turns out to be 1.16 St/E. Over the year, it can be said that the the Swiss franc is up in real terms and down in nominal terms. Last year the Swiss(CHF) to Euro(EUR) exchange rate was 1.11 S/E and the inflation rates were 15% for the Swiss and 5% for the Euro. This year, the exchange rate turns out to be 1.16 St/E. Over the year, it can be said that the the Swiss franc is up in real terms and down in nominal terms