Switzerland - Swiss Franc - Currency Guide

This is a currency guide to Switzerland, the Swiss Franc currency plus sending (CHF) transfers and travel tips for Switzerland.

 
 
CountrySwitzerland
FlagSwitzerland
Country CodeCH
Domestic Currency Swiss Franc
Currency SymbolFr
Currency CodeCHF
Exchange RateUSD/CHF = 0.967
Telephone Prefix+41

Quick Conversions from US Dollar to Swiss Franc

USD

CHF

U$ 1
Fr 0.9670
U$ 5
Fr 4.8350
U$ 10
Fr 9.6700
U$ 20
Fr 19.34
U$ 50
Fr 48.35
U$ 100
Fr 96.70
U$ 250
Fr 241.75
U$ 500
Fr 483.50
U$ 1,000
Fr 967.00
U$ 2,000
Fr 1,934
U$ 5,000
Fr 4,835
U$ 10,000
Fr 9,670
U$ 50,000
Fr 48,350
U$ 100,000
Fr 96,700
More amounts

USD

CHF

U$ 1.0341
Fr 1
U$ 5.1705
Fr 5
U$ 10.34
Fr 10
U$ 20.68
Fr 20
U$ 51.71
Fr 50
U$ 103.41
Fr 100
U$ 258.53
Fr 250
U$ 517.05
Fr 500
U$ 1,034
Fr 1,000
U$ 2,068
Fr 2,000
U$ 5,171
Fr 5,000
U$ 10,341
Fr 10,000
U$ 51,705
Fr 50,000
U$ 103,410
Fr 100,000
More amounts

To calculate specific USD/CHF amounts use our Convert USD to CHF quick calculator. To read more about the latest exchange rate trends and to compare FX provider rates view USD to CHF Rate Guide.

Switzerland Currency Info

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.


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.

How much is U$100 US Dollars in Swiss Franc?

U$ 100 converts to Fr 96.70

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?


Swiss Franc (CHF) in the markets

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 interactive chart below shows the USD to CHF exchange rate and trend for the previous 3 months:

ALERT:4-DAY1.6% 🔔|
USD/CHF at 0.9666 was trading near AVG:0.9689 with LO:0.9263 and HI:0.9877 (90 days). ALERT: USD/CHF is UP 1.6% this 4-DAY period.
02-APR 6AM-NY 11AM-LON 6PM-HK 9PM-SYD
Booking.com

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.

 
Travel Money Provider Amount CHF(Fr) Exchange RateFee USDDeal Links
Travelex Online US logo
Fr869.80
10.07%
Best Overall
0.86980^
U.S. Bank Foreign Currency
U.S. Bank logo
Fr843.70
12.77%
Fr26 less
0.84370
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
Fr835.27
13.64%
Fr35 less
0.8437U$10
Wells Fargo Bank logo
Fr826.83
14.51%
Fr43 less
0.8437U$20
 
Travelex Online US logo
Travelex Online US: Travel Money USD→CHF
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:0.8698 (10.07% from mid-rate)
To Amount (CHF) Fr869.80
Total Cost:10.07%
Time:
Rate Fetched: Thu Apr 02 2020 06:00:05 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Travel Money USD→CHF
From Amount (USD)U$1,000
Fee:0
Exchange Rate:0.8437 (12.77% from mid-rate)
To Amount (CHF) Fr843.70
Total Cost:12.77%
Time:6:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money USD→CHF
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:0.8463 (12.5% from mid-rate)
To Amount (CHF) Fr835.27
Total Cost:13.64%
Currency Services:Branch
Delivery/Collect:-
 
Wells Fargo Bank logo
Wells Fargo Bank: Travel Money USD→CHF
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:0.8437 (12.77% from mid-rate)
To Amount (CHF) Fr826.83
Total Cost:14.51%
Time:6:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 04/02/2020 - View latest rates

Switzerland Trip Checklist    

 
  1. Compare CHF travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Switzerland
  3. Lonely Planet - world's best travel guide (coupon and deals)

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 foreign-transfer exchange 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 here).

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.


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 our 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!

  

USD to CHF International Money Transfers

  

Foreign Transfer Provider Receive CHF(Fr) Exchange RateFee USDDeal Links
XE logo
Fr9,551
1.25%
Best Overall
0.95510
OFX logo
Fr9,501
1.77%
Fr50 less
0.95010^
Wells Fargo Bank logo
Fr9,294.24
3.91%
Fr257 less
0.931118
HSBC logo
Fr9,287.05
3.98%
Fr264 less
0.9301U$15
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
Fr9,231
4.56%
Fr320 less
0.928515
Bank of America International Money Transfers
Bank of America logo
Fr9,170.37
5.19%
Fr381 less
0.9263U$100
U.S. Bank International Money Transfers
U.S. Bank logo
Fr9,170.37
5.19%
Fr381 less
0.9263U$100
 
XE logo
XE: Foreign Transfer USD→CHF
From Amount (USD)U$10,000
Fee:
Exchange Rate:0.9551 (1.25% from mid-rate)
To Amount (CHF) Fr9,551
Total Cost:1.25%
Time:6:04 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer USD→CHF
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:0.9501 (1.77% from mid-rate)
To Amount (CHF) Fr9,501
Total Cost:1.77%
Difference:
Fr50 CHF less than using XE
Time:
Rate Fetched: Thu Apr 02 2020 06:02:37 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→CHF
From Amount (USD)U$10,000
Fee:18
Exchange Rate:0.9311 (3.73% from mid-rate)
To Amount (CHF) Fr9,294.24
Total Cost:3.91%
Difference:
Fr257 CHF less than using XE
Time:6:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→CHF
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:0.9301 (3.84% from mid-rate)
To Amount (CHF) Fr9,287.05
Total Cost:3.98%
Difference:
Fr264 CHF less than using XE
Time:6:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→CHF
From Amount (USD)U$10,000
Fee:15
Exchange Rate:0.9244 (4.43% from mid-rate)
To Amount (CHF) Fr9,231
Total Cost:4.56%
Difference:
Fr320 CHF less than using XE
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of America logo
Bank of America: Foreign Transfer USD→CHF
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:0.9263 (4.23% from mid-rate)
To Amount (CHF) Fr9,170.37
Total Cost:5.19%
Difference:
Fr381 CHF less than using XE
Time:6:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→CHF
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:0.9263 (4.23% from mid-rate)
To Amount (CHF) Fr9,170.37
Total Cost:5.19%
Difference:
Fr381 CHF less than using XE
Time:6:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 04/02/2020 - View latest rates

Swiss Franc to US Dollar - Historical Rates

PeriodCHF/USDDate
1 Day1.052029 Mar 2020
7 Day1.018523 Mar 2020
30 Day1.036729 Feb 2020
3 Month1.033731 Dec 2019
1 Year1.004931 Mar 2019
5 Year1.033901 Apr 2015
10 Year0.943402 Apr 2010

Swiss Franc to Euro - Historical Rates

PeriodCHF/EURDate
1 Day0.944629 Mar 2020
7 Day0.946223 Mar 2020
30 Day0.940029 Feb 2020
3 Month0.921331 Dec 2019
1 Year0.895331 Mar 2019
5 Year0.959901 Apr 2015
10 Year0.698802 Apr 2010

Swiss Franc to Pound Sterling - 10 Year History

PeriodCHF/GBPDate
1 Day0.844929 Mar 2020
7 Day0.878323 Mar 2020
30 Day0.808529 Feb 2020
3 Month0.779531 Dec 2019
1 Year0.771731 Mar 2019
5 Year0.697101 Apr 2015
10 Year0.620002 Apr 2010

Swiss Franc to Australian Dollar - Historical Rates

PeriodCHF/AUDDate
1 Day1.703129 Mar 2020
7 Day1.733423 Mar 2020
30 Day1.592729 Feb 2020
3 Month1.473631 Dec 2019
1 Year1.412831 Mar 2019
5 Year1.359801 Apr 2015
10 Year1.026802 Apr 2010

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