The present invention relates to a method and a monitoring system, for monitoring a vacuum on-load tap changer. The tap changer includes a housing with insulating fluid, a diverter switch inside of the housing and including at least one movable contact and at least two vacuum interrupters, and at least one pressure sensor which measures the pressure in the housing. The method, which is performed by a processing circuitry in the system, includes determining a pressure signature, including two succeeding peaks within a time interval, continuously measuring the pressure, detecting when the measured pressure shows the pressure signature, determining, based on the measured pressure within the pressure signature, the time between the first rise in pressure and the second drop, and setting the determined time to represent the switch time of the diverter switch.