Borrowing in euros, Swiss francs or kronor: exchange-rate risk explained
Borrowing in a currency other than your income can be very expensive. Explanations and good habits.
If your income is in Swiss francs and your loan in euros, every movement in the exchange rate changes the real cost of your repayments. A 10% fall in your currency increases the repayment burden by as much.
The simple rule: borrow in the currency of your income. The Social Help Crédit calculator shows 11 European currencies to help you compare, but the contract is drawn up in a single currency chosen with you.
Conversions shown on the site use the reference rates published by the European Central Bank. They are indicative: only the contract is binding.
This content is educational. It is not legal advice and does not replace a personal assessment of your situation.