Switzerland's central bank on Friday said it had intervened in the foreign exchange market to stabilise the Swiss franc, considered a safe haven currency, following the Brexit vote.
"Following the United Kingdom's vote to leave the European Union, the Swiss franc came under upward pressure," banks said in a statement, adding that it had intervened in the foreign exchange market to stabilise the situation and will remain active in that market.
As a result of the vote became clear, the Swiss franc strengthened considerably against the Euro, trading at just 1.06 francs to the euro at 7:00 am (0500 GMT) compared to 1.10 francs to the euro seven hours earlier.