Foreign Exchange Guide to Liechtenstein
In this guide we review :
- Buying Swiss Franc Cash Online - Travel money for Liechtenstein
- Swiss Franc (CHF) - Currency Market News
- Sending Money to Liechtenstein - Save on Swiss Franc bank transfers
- Swiss Franc Exchange Rates - Latest info & charts.
Travel Money for Liechtenstein - Swiss Franc (CHF)
Save money and time by Ordering your Swiss Franc Online from Travelex, you get better rates and can pick up the CHF cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in Swiss Franc otherwise you may get much worst exchange rates.
Swiss Franc (CHF) - Currency Market News
Against the euro, in mid-October the Swiss franc remained close to long-term lows. The franc had weakened more than 7% on the year to a rate of 1.155 per euro.
In October, USD/CHF twice rallied to 0.9836 – the franc’s weakest level against the dollar in five months.
The Swiss National Bank do not hide their desire for a weaker franc. The bank expressed its happiness with 2017’s depreciation against the euro at its September meeting, saying that recent movements were “helping to reduce the significant overvaluation of the currency.” The bank added that “negative interest rates and the SNB’s willingness to intervene in the foreign exchange market remain essential in order to reduce the attractiveness of [Swiss francs].”
The SNB will get their wish according to analysts at both Credit Agricole and Bank of America Merrill Lynch.
The franc will weaken to 1.18 per euro in the medium term, said Credit Agricole in October. A higher EUR/CHF rate will be driven by the diverging paths of monetary policy between the ECB and SNB.
BAML went one further, predicting that the franc would weaken to at least 1.20 against its bigger brother. BAML believes that investors will sell francs to buy higher-yielding currencies and says that EUR/CHF “looks cheap relative to its longer-term moving averages.”
Sending Money to Liechtenstein
When sending money to Liechtenstein it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 3 simple steps :
- Open an account with a provider (id docs may be required)
- You specify the local or Swiss Franc amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted CHF amount will be transfered to the recipient account you specify in Liechtenstein.
You can save around 5% and maybe more - end result is more Swiss Franc deposited into the recipient bank account in Liechtenstein and less margins and fees kept by the banks!Compare Transfer Exchange Rates to Liechtenstein