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    Switzerland - Swiss franc - Currency Guide

     

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

         

    CHF/HKD Trend (90-day)

    CHF to HKD at 8.4456 is 0.7% below its 90-day average, range 8.2389-8.6739.
    7D-2.3%
    |
    Alert:7D-2.3% |
     

    The below interactive chart displays the CHF/HKD trend and UP DOWN HIGH LOW alerts

     
    CHF to HKD Currency Trend Chart

    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 Forecasts and Trends

    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 Forecasts

    Swiss franc to Hong Kong dollar - Historical Rates

    CHF/HKDPeriod
    07 Jun 2021
    8.6433
    1 Week
    15 May 2021
    8.6145
    30 Days
    16 Mar 2021
    8.3950
    90 Days
    14 Jun 2020
    8.1460
    1 Year
    15 Jun 2016
    8.0700
    5 Years
    17 Jun 2011
    9.1907
    10 Years

    CHF/HKD 10 year historic rates

     

    HK$10,000 HKD
    =
    Fr.1,184 CHF

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

    HKD to CHF - Quick Amounts

    Sell HKD   →   Buy CHF
    HKD CHF
    HK$ 1 Fr. 0.1184
    HK$ 5 Fr. 0.5920
    HK$ 10 Fr. 1.1840
    HK$ 20 Fr. 2.3680
    HK$ 50 Fr. 5.9200
    HK$ 100 Fr. 11.84
    HK$ 250 Fr. 29.60
    HK$ 500 Fr. 59.20
    HK$ 1,000 Fr. 118.40
    HK$ 2,000 Fr. 236.80
    HK$ 5,000 Fr. 592.00
    HK$ 10,000 Fr. 1,184
    HK$ 20,000 Fr. 2,368
    HK$ 50,000 Fr. 5,920
    HK$ 100,000 Fr. 11,840
    HKD CHF
    HK$ 8.4455 Fr. 1
    HK$ 42.23 Fr. 5
    HK$ 84.46 Fr. 10
    HK$ 168.91 Fr. 20
    HK$ 422.28 Fr. 50
    HK$ 844.55 Fr. 100
    HK$ 2,111 Fr. 250
    HK$ 4,223 Fr. 500
    HK$ 8,446 Fr. 1,000
    HK$ 16,891 Fr. 2,000
    HK$ 42,228 Fr. 5,000
    HK$ 84,455 Fr. 10,000
    HK$ 168,910 Fr. 20,000
    HK$ 422,275 Fr. 50,000
    HK$ 844,550 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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