The Swiss franc fell to its lowest point on Thursday since its January 2015 unpegging from the euro which, at the time, pushed the currency to new highs and made exports from Switzerland expensive.

The symbolic moment will be a huge relief to Swiss exporters and the tourism industry, Switzerland's national broadcaster reported on its website Swissinfo.

As of Thursday afternoon, the franc was trading at 1.12 to euro, a drop of 1.8 percent since Monday of this week.

The currency is at its weakest level since the decision by the Swiss National Bank (SNB) to remove the cap two and half years ago.

That move sent the franc soaring and it reached near-parity with the euro in the subsequent days.

Swissinfo said the current slide in the franc's relative value comes during a changed outlook for the global economy, in which the expectation of tighter monetary policy in the euro area, as well as in the United States, is in contrast to the SNB as it has hinted it plans to keep interest rates low.

The Swiss broadcaster said this could encourage a shift from the perception of the Swiss franc as a "safe haven" trade, which kept the currency at a level described by the SNB as "artificially high" in recent years.

The franc's drop in value is good news for Swiss exporters after some years of trying to deal with high prices, and is also due to the euro's emerging strength, Commerzbank's Anja Praefcke told the Swiss news agency, SDA.

"Upside pressure on the franc will diminish as we see higher euro rates," she said.

In the first quarters of 2017, the eurozone economy grew at its fastest rate in two years, while some analysts believe political conditions in Europe have stabilized due to such factors as the recent election of Emmanuel Macron as president in France.

The Swiss franc also fell marginally against the U.S. dollar, though the American currency has been moving downward in recent months against the euro, since a peak in January 2017. (1 Swiss franc = 1.04 U.S. dollars)