Seasonality · EUR/CHF · 12 November 2026
EUR/CHF seasonality: is November bullish for EUR/CHF?
Over the last 14 years (2012 to 2025), EUR/CHF rose in November 4 times, with an average move of −0.27% and a median of −0.30%. December, the month ahead, has risen in 6 of 15 years, −0.28% on average (median −0.11%).
Its best month on average is March (+0.27%, up in 8 of 15) and its worst is January (−0.79%, up in 7 of 15).
The seasonal pattern: average return by month
Monthly seasonal returns, all 12 months
| Month | Average | Median | Up years | Best | Worst | Sample |
|---|---|---|---|---|---|---|
| January | −0.79% | −0.06% | 7 of 15 | +2.32% (2013) | −13.50% (2015) | 2012–2026 |
| February | −0.13% | −0.46% | 4 of 15 | +2.44% (2015) | −2.28% (2016) | 2012–2026 |
| March | +0.27% | +0.13% | 8 of 15 | +1.98% (2018) | −2.07% (2015) | 2012–2026 |
| April | +0.23% | +0.27% | 9 of 15 | +2.14% (2019) | −2.20% (2025) | 2012–2026 |
| May | −0.37% | −0.03% | 6 of 15 | +1.66% (2013) | −4.00% (2018) | 2012–2026 |
| June | −0.38% | −0.05% | 7 of 15 | +1.15% (2026) | −2.65% (2022) | 2012–2026 |
| July | −0.02% | −0.03% | 7 of 15 | +4.33% (2017) | −2.93% (2022) | 2012–2026 |
| August | −0.01% | +0.04% | 8 of 15 | +1.98% (2015) | −2.91% (2018) | 2012–2026 |
| September | +0.10% | +0.03% | 11 of 15 | +1.01% (2023) | −1.83% (2022) | 2012–2026 |
| October | −0.15% | −0.21% | 5 of 15 | +2.69% (2022) | −3.00% (2026) | 2012–2026 |
| November (now) | −0.27% | −0.30% | 4 of 14 | +1.41% (2020) | −1.74% (2021) | 2012–2025 |
| December (next) | −0.28% | −0.11% | 6 of 15 | +0.96% (2022) | −2.31% (2023) | 2011–2025 |
Each month is the last 15 complete years of that month, from the Federal Reserve's daily exchange rates (H.10), month-end to month-end. The month in progress is not counted. History, not a forecast.
EUR/CHF in November, year by year
| November 2025 | +0.62% |
|---|---|
| November 2024 | −0.88% |
| November 2023 | −1.04% |
| November 2022 | −1.00% |
| November 2021 | −1.74% |
| November 2020 | +1.41% |
| November 2019 | +0.11% |
| November 2018 | −0.78% |
| November 2017 | +0.81% |
| November 2016 | −0.61% |
| November 2015 | −0.23% |
| November 2014 | −0.37% |
| November 2013 | −0.01% |
| November 2012 | −0.10% |
Questions
Is November bullish for EUR/CHF?
Over the last 14 years (2012 to 2025), EUR/CHF rose in November 4 times, with an average move of −0.27% and a median of −0.30%. That is a bearish lean; the range runs from −1.74% (2021) to +1.41% (2020). A seasonal tendency is history, not a forecast.
What is the best month for EUR/CHF?
Its best month on average is March (+0.27%, up in 8 of 15) and its worst is January (−0.79%, up in 7 of 15). Measured over the last 15 years of each month, from the Federal Reserve's daily exchange rates (H.10), month-end to month-end.
What happens to EUR/CHF in December?
December, the month ahead, has risen in 6 of 15 years, −0.28% on average (median −0.11%).
How reliable is EUR/CHF seasonality?
Fifteen years is fifteen observations per month, so one large year can move an average a long way; the median and the count of up years are steadier. Seasonality is one input among several, and is weighed as one in the terminal's composite score.
More on EUR/CHF: EUR/CHF analysis · EUR/CHF rate differential · EUR/CHF retail sentiment · Euro outlook · Euro COT positioning · ECB rate expectations · Eurozone economic surprises · Swiss Franc outlook · Swiss Franc COT positioning · SNB rate expectations · Swiss economic surprises
Other seasonality: EUR/USD in Nov −0.12% · USD/CHF in Nov −0.10% · EUR/GBP in Nov −0.67% · EUR/JPY in Nov +0.96% · EUR/AUD in Nov −0.10% · EUR/CAD in Nov +0.20% · EUR/NZD in Nov −1.09% · GBP/CHF in Nov +0.43% · AUD/CHF in Nov −0.11% · CHF/JPY in Nov +1.23% · all 39
In WatchTower Terminal, the Seasonality panel draws the EUR/CHF path through the year over 5, 10 and 15 years against this year. Not financial advice.