In this guide we review :
- Travelling in Switzerland - Practical tips
- Buying Swiss Franc Cash Online - Travel money for Switzerland
- Swiss Franc (CHF) - Currency Market News
- Sending Money to Switzerland - Save on Swiss Franc bank transfers
- Swiss Franc Exchange Rates - Latest info & charts.
Switzerland Travel Practical Tips
Switzerland is a well organized and safe country, however it is not cheap. Car rental can be pricey when you include the cost of fuel. Booking a rail pass helps you plan what you will be spending, and children travel for free. If you intend to travel by train, boat, bus or cable cars, a rail pass will help you save money. Take advantage of the rail pass extras. For example, the Swiss Travel Pass includes free entrance to hundreds of museums and allows free traveling on the most beautiful scenic routes, and some cable cars and cogwheel trains are free instead of discounted. Even without a rail pass, traveling is free in some cases if you stay at certain hotels. Booking seats is not required for most trains, so you can save money by not doing so. Budget hotels are available, however top tourist towns are generally quite expensive.
Travel Money for Switzerland - Buying 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.
Switzerland Trip Checklist
- Compare CHF Travel Cash Rates - probably why you are here!
- Hotel Deals - Save on your accomodation in Switzerland
- Travel Insurance - for those unexpected travel adventures...
- Lonely Planet - Travel Guide 3 for 2 offer
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 Switzerland
When sending money to Switzerland 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 Switzerland.
You can save around 5% and maybe more - end result is more Swiss Franc deposited into the recipient bank account in Switzerland and less margins and fees kept by the banks!Compare Transfer Exchange Rates to Switzerland