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Switzerland - Swiss Franc - Currency Guide


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


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

The Swiss National Bank continues to reaffirm its commitment to an ultra-loose monetary policy, which includes negative interest rates and a willingness to intervene in FX markets, as part of an effort to spark inflation in the economy.

The SNB will be unhappy, therefore, with the franc’s strength in May.

Between April-23 and May-24 (the day of this report), the franc was the best performing G10 currency; it gained 2.2 percent against the euro, taking EUR/CHF back towards Fr1.12 and close to long-term lows (franc highs).

May’s strength reflected worsening sentiment towards the global economy, driven by a significant escalation in US-China trade tensions. As a safe haven, the franc typically gains value during tough times and sinks when investors gain confidence.

The below interactive chart shows the AED to CHF exchange rate, trend and recent alerts for the last 90 days.

Recent AED to CHF 90-day trend
AED/CHF at 0.2571 was trading 1.9% below AVG:0.2622 with LO:0.257 and HI:0.2682 (90 days). ALERT: AED/CHF dropped to 90-DAY LOWS.

United Arab Emirates Dirham to Swiss Franc - Historical Rates

AED/CHF historic ratePeriod
0.2578  22 Jun 20201 Week
0.2618  30 May 202030 Days
0.2618  31 Mar 202090 Days
0.2667  30 Jun 20191 Year
0.2572  01 Jul 20155 Years
0.2899  02 Jul 201010 Years
AED/CHF 10 year historic rates

د.إ1,000 AED
Fr256.96 CHF

Converted at AED/CHF wholesale exchange rate, compare foreign transfer and spend/travel exchange rates.


United Arab Emirates Dirham to Swiss Franc - Quick Conversions

د.إ 1 Fr 0.2570
د.إ 5 Fr 1.2850
د.إ 10 Fr 2.5700
د.إ 20 Fr 5.1400
د.إ 50 Fr 12.85
د.إ 100 Fr 25.70
د.إ 250 Fr 64.25
د.إ 500 Fr 128.50
د.إ 1,000 Fr 257.00
د.إ 2,000 Fr 514.00
د.إ 5,000 Fr 1,285
د.إ 10,000 Fr 2,570
د.إ 50,000 Fr 12,850
د.إ 100,000 Fr 25,700
More amounts
د.إ 3.8916 Fr 1
د.إ 19.46 Fr 5
د.إ 38.92 Fr 10
د.إ 77.83 Fr 20
د.إ 194.58 Fr 50
د.إ 389.16 Fr 100
د.إ 972.90 Fr 250
د.إ 1,946 Fr 500
د.إ 3,892 Fr 1,000
د.إ 7,783 Fr 2,000
د.إ 19,458 Fr 5,000
د.إ 38,916 Fr 10,000
د.إ 194,580 Fr 50,000
د.إ 389,160 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.


Sending money to Switzerland

When searching around for information on how to get a good exchange rate when sending money to Switzerland you need to start with finding out the latest Swiss Franc exchange rate for foreign-transfers, which can be very different to the wholesale rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save - we make that calculation easy in the below table.

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.


AED to CHF International Money Transfers

Provider ReviewReceive CHF(Fr)Exchange RateFee AEDDeal Links
> Best Overall
0.25390 for BER users (normally $15)
TorFX logo
HSBC logo
Fr11 less
Citibank logo
Fr16 less
Banks - Average Rate
Citibank logo HSBC logo
Fr14 less
OFX: Foreign Transfer AED→CHF
From Amount (AED)د.إ1,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.2539 (1.21% from mid-rate)
To Amount (CHF) Fr253.90
Total Cost:1.21%
Rate Fetched: 2:35 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Speak to Dealers, Foreign Currency Accounts
: 4.8/5.0

Compare OFX Rates
TorFX: Foreign Transfer AED→CHF
From Amount (AED)د.إ1,000
Exchange Rate:0.2544 (1.01% from mid-rate)
To Amount (CHF) Fr254.40
Total Cost:1.01%
Time:2:35 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Speak to Dealers
: 4.7/5.0

Compare TorFX Rates
HSBC: Foreign Transfer AED→CHF
From Amount (AED)د.إ1,000
Fee:د.إ1.50 AED (.15%)
Exchange Rate:0.2428 (5.53% from mid-rate)
To Amount (CHF) Fr242.44
Total Cost:5.67%
Fr11 CHF less than using OFX
Time:2:35 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
: /5.0

Compare HSBC Rates
Citibank: Foreign Transfer AED→CHF
From Amount (AED)د.إ1,000
Exchange Rate:0.2406 (6.38% from mid-rate)
To Amount (CHF) Fr237.71
Total Cost:7.51%
Fr16 CHF less than using OFX
Time:2:35 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
: /5.0

Compare Citibank Rates
Banks - Average Rate
Foreign Transfer AED→CHF
From Amount (AED)د.إ1,000
Exchange Rate:0.2455 (4.47% from mid-rate)
To Amount (CHF) Fr240.08
Total Cost:6.59%
Fr14 CHF less than using OFX
Transfer Speed:

Snapshot 07/06/2020 - View live rates

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!

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