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Switzerland - Swiss franc - Currency Guide

 

Foreign exchange guide to Switzerland and the Swiss franc (CHF)

     

USD/CHF Trend (90-day)

USDCHF at 0.9139 is just below its 90-day average, range 0.8900-0.9436.
|
1-DAY+0.5% 60-DAYLOW (5d)
 
Recent USD to CHF Trend + Alerts

The above interactive chart shows the USD/CHF Exchange Rate, Trends and Alerts - UP DOWN HIGH LOW

General Currency Info - Swiss franc

Contributing to roughly 5% of the foreign exchange market daily turnover, the Swiss franc (ISO: CHF) is the world’s seventh most traded currency.

The Swiss franc is traditionally considered Europe’s safe haven currency due to factors including Switzerland’s traditional position as a politically neutral country, its reputation for stability, impressive financial system, historically low inflation and its ability to consistently run a trade surplus. For this reason, the franc is likely to increase in value during periods of economic uncertainty or when global geopolitical risk is elevated, or during bouts of high market volatility.

To prevent unwanted currency appreciation, between September 2011 and January 2015 the franc’s value was pegged to the euro at a rate of Fr. 1.2. When Switzerland’s central bank unexpectedly abandoned the peg in 2015 it caused significant market turmoil.

Since 1995, against the world’s reserve currency, the US dollar, the Swiss franc’s lowest valuation came in October 2000 when CHF/USD traded at just 0.5465. Its post-1995 high came in August 2011 at 1.4152.

   

CHF News, Forecasts and Trends

Forecasts

The Swiss France gained over 10 percent against the US dollar in 2020, despite this Switzerland was designated a currency manipulator by the US (along with Vietnam) in mid-December.

 CHF Markets

US dollar to Swiss franc - Historical Rates

USD/CHFChangePeriod
0.9089
28 Apr 2021
0.5% ▲1 Week
0.9361
05 Apr 2021
2.5% ▼30 Days
0.9041
04 Feb 2021
1% ▲90 Days
0.9726
05 May 2020
6.1% ▼1 Year
0.9705
06 May 2016
5.9% ▼5 Years
0.8766
08 May 2011
4.2% ▲10 Years

USD/CHF 10 year historic rates & change to 05-May-2021 : 0.9131

 

$10,000 USD
=
Fr9,139 CHF

Converted at USD/CHF interbank rate, compare Send Money and Currency Exchange exchange rates.

US dollar to Swiss franc - Quick Convert

USD CHF
$ 1 Fr 0.9139
$ 5 Fr 4.5695
$ 10 Fr 9.1390
$ 20 Fr 18.28
$ 50 Fr 45.70
$ 100 Fr 91.39
$ 250 Fr 228.48
$ 500 Fr 456.95
$ 1,000 Fr 913.90
$ 2,000 Fr 1,828
$ 5,000 Fr 4,570
$ 10,000 Fr 9,139
$ 50,000 Fr 45,695
$ 100,000 Fr 91,390
More amounts
USD CHF
$ 1.0942 Fr 1
$ 5.4710 Fr 5
$ 10.94 Fr 10
$ 21.88 Fr 20
$ 54.71 Fr 50
$ 109.42 Fr 100
$ 273.55 Fr 250
$ 547.10 Fr 500
$ 1,094 Fr 1,000
$ 2,188 Fr 2,000
$ 5,471 Fr 5,000
$ 10,942 Fr 10,000
$ 54,710 Fr 50,000
$ 109,420 Fr 100,000
More amounts
 

Frequently Asked Questions

 

What currency should I use in Switzerland?

The domestic currency in Switzerland is the Swiss franc.

What is the Swiss franc currency code and symbol?

The three letter currency code for the Swiss franc is CHF — symbol is Fr.

Which countries use the Swiss franc?

It is the domestic currency in    Switzerland and Liechtenstein.

Is the Swiss franc a closed currency?

No, the Swiss franc is freely available and convertible. See guide: What is a closed currency?

 

Travel, Currency and Money saving tips for Switzerland

Switzerland is a well organized and safe country, however it is not cheap. Switzerland is one of the most beautiful places on earth – and beauty has a price! As one of the most expensive countries in Europe, Switzerland is often skipped over by budget travelers. Not only does Switzerland have great rural beauty but also the cities urban edge: capital Bern with its medieval old town and world-class modern art, Germanic Basel and its bold architecture, chic Geneva aside Europe’s largest lake, party-loving Lausanne, tycoon magnet Zug and uber-cool Zürich with its riverside bars, reborn industrial west district and atypical street grit.

What currency should I use in Switzerland?

Businesses throughout Switzerland, including most hotels and some restaurants and souvenir shops, will accept payment in euros. Change will be given in Swiss francs at the rate of exchange calculated on the day.

ATMs,called Bancomats in banks and Postomats in post offices, are widespread and accessible 24 hours. They accept most international bank or credit cards and have multilingual instructions. Your bank or credit-card company will often charge a 1% to 2.5% fee, and there may also be a small charge at the ATM end. Credit cards are widely accepted at hotels, shops and restaurants. EuroCard/MasterCard and Visa are the most popular.

Tipping is not necessary, given that hotels, restaurants, bars and even some taxis are legally required to include a 15% service charge in bills.

Change money at banks, airports and nearly every train station until late into the evening. Banks tend to charge about 5% commission; some money-exchange bureaus don’t charge commission at all.

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.

Do I need a Visa for Switzerland?

Formalities are minimal when arriving in Switzerland by air, rail or road thanks to the Schengen Agreement, which allows passengers coming from the EU to enter without showing a passport. When arriving from a non-EU country, you'll need your passport or EU identity card – and visa if required – to clear customs. All non-EU travellers must carry a passport valid for at least three months beyond the planned departure date from Switzerland.

Switzerland has no explicit entry restrictions based on nationality or previous passport stamps, but citizens of some countries may require a visa. Visas are not required if you hold a passport from the UK, Ireland, the USA, Canada, Australia or New Zealand, whether visiting as a tourist or on business. Citizens of the EU, Norwegians and Icelanders may also enter Switzerland without a visa. A maximum 90-day stay in a 180-day period applies, but passports are rarely stamped.

 

Travel money for Switzerland

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.

 

Send Money to Switzerland - Best Rates

To get a good (and fair) exchange rate when sending money to Switzerland you need to find and compare exchange rates for International Money Transfers (IMTs).

The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.


Get a better deal for foreign transfers 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 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Swiss franc amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted CHF amount will be transfered to the recipient account you specify in Switzerland.

Use the above Send to Swiss franc calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Swiss franc deposited into the recipient bank account and less margins and fees kept by the banks!

What are the property purchase restrictions and fees for foreigners in Switzerland?

Switzerland's "Lex Koller Law" (The Swiss Federal Act on Acquisition of Real Estate by Persons Abroad) imposes tough restrictions on house purchases by foreigners not living in the country. The main exception is for holiday homes in some cantons - not including Zurich. Foreigners with residency permits can buy a main residence.

Notary, land register and title transfer fees vary between cantons, but typically are less than 1 percent of the sale price.


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