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 RateGBP/CHF = 1.2043
Telephone Prefix+41

Quick Conversions from Pound Sterling to Swiss Franc

GBP

CHF

£ 1
Fr 1.2043
£ 5
Fr 6.0215
£ 10
Fr 12.04
£ 20
Fr 24.09
£ 50
Fr 60.22
£ 100
Fr 120.43
£ 250
Fr 301.08
£ 500
Fr 602.15
£ 1,000
Fr 1,204
£ 2,000
Fr 2,409
£ 5,000
Fr 6,022
£ 10,000
Fr 12,043
£ 50,000
Fr 60,215
£ 100,000
Fr 120,430
More amounts

GBP

CHF

£ 0.8304
Fr 1
£ 4.1520
Fr 5
£ 8.3040
Fr 10
£ 16.61
Fr 20
£ 41.52
Fr 50
£ 83.04
Fr 100
£ 207.60
Fr 250
£ 415.20
Fr 500
£ 830.40
Fr 1,000
£ 1,661
Fr 2,000
£ 4,152
Fr 5,000
£ 8,304
Fr 10,000
£ 41,520
Fr 50,000
£ 83,040
Fr 100,000
More amounts

To calculate specific GBP/CHF amounts use our Convert GBP to CHF quick calculator. To read more about the latest exchange rate trends and to compare FX provider rates view GBP 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 £100 Pounds Sterling in Swiss Franc?

£ 100 converts to Fr 120.43

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 GBP to CHF exchange rate and trend for the previous 3 months:

GBP/CHF at 1.2048 was trading 2.6% below AVG:1.2364 with LO:1.1204 and HI:1.2824 (90 days). There are no current rate alerts.
09-APR 7PM-NY 10-APR 12AM-LON 7AM-HK 9AM-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 GBPDeal Links
Travelex Online UK logo
Fr1,167.3
3.1%
Best Overall
1.1673£0^
Post Office Money Foreign Currency
Post Office Money logo
Fr1,154.3
4.18%
Fr13 less
1.15430
Citibank Foreign Currency
Citibank logo
Fr1,133.55
5.9%
Fr34 less
1.145£10
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo
Fr1,124
6.73%
Fr43 less
1.1363£10
Lloyds TSB logo
Fr1,122.07
6.85%
Fr45 less
1.1334£10
Santander Foreign Currency
Santander logo
Fr1,122.07
6.85%
Fr45 less
1.1334£10
Natwest Bank logo
Fr1,116.4
7.32%
Fr51 less
1.1334£15
 
Travelex Online UK: Travel Money GBP→CHF
From Amount (GBP)£1,000
Fee:£0 - No fees for Debit & Credit Cards
Exchange Rate:1.1673 (3.1% from mid-rate)
To Amount (CHF) Fr1,167.3
Total Cost:3.1%
Time:
Rate Fetched: Thu Apr 09 2020 18:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Post Office Money: Travel Money GBP→CHF
From Amount (GBP)£1,000
Fee:0
Exchange Rate:1.1543 (4.18% from mid-rate)
To Amount (CHF) Fr1,154.3
Total Cost:4.18%
Time:18:01 Local
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Travel Money GBP→CHF
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.1450 (4.95% from mid-rate)
To Amount (CHF) Fr1,133.55
Total Cost:5.9%
Time:18:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money GBP→CHF
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.1334 (5.91% from mid-rate)
To Amount (CHF) Fr1,124
Total Cost:6.73%
Currency Services:Branch
Delivery/Collect:-
 
Lloyds TSB logo
Lloyds TSB: Travel Money GBP→CHF
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.1334 (5.91% from mid-rate)
To Amount (CHF) Fr1,122.07
Total Cost:6.85%
Time:18:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Santander logo
Santander: Travel Money GBP→CHF
From Amount (GBP)£1,000
Fee:£10 GBP (1%)
Exchange Rate:1.1334 (5.91% from mid-rate)
To Amount (CHF) Fr1,122.07
Total Cost:6.85%
Time:18:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 
Natwest Bank logo
Natwest Bank: Travel Money GBP→CHF
From Amount (GBP)£1,000
Fee:£15 GBP (Minimum fee)
Exchange Rate:1.1334 (5.91% from mid-rate)
To Amount (CHF) Fr1,116.4
Total Cost:7.32%
Time:18:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 04/09/2020 - 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. Book Flights
  4. Travel insurance - for those unexpected travel adventures!
  5. 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!

  

GBP to CHF International Money Transfers

  

Foreign Transfer Provider Receive CHF(Fr) Exchange RateFee GBPDeal Links
TorFX logo
Fr5,927.5
1.59%
Best Overall
1.18550
OFX logo
Fr5,915.5
1.78%
Fr12 less
1.1831£0^
WorldFirst logo
Fr5,993
0.5%
Fr66 more
1.19860
HSBC logo
Fr5,791.3
3.85%
Fr136 less
1.16£7.5
Natwest Bank logo
Fr5,759.17
4.38%
Fr168 less
1.155315
Citibank International Money Transfers
Citibank logo
Fr5,733.21
4.81%
Fr194 less
1.149412
Banks - Average Rate
Lloyds TSB logo Santander logo Citibank logo Natwest Bank logo HSBC logo
Fr5,732
4.83%
Fr195 less
1.149815
Santander International Money Transfers
Santander logo
Fr5,700.11
5.36%
Fr227 less
1.144620
Lloyds TSB logo
Fr5,676.7
5.75%
Fr251 less
1.139920
 
TorFX: Foreign Transfer GBP→CHF
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.1855 (1.59% from mid-rate)
To Amount (CHF) Fr5,927.5
Total Cost:1.59%
Time:18:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
OFX: Foreign Transfer GBP→CHF
From Amount (GBP)£5,000
Fee:£0^ - No fees for BestExchangeRates users (normally 7GBP for smaller transfers)
Exchange Rate:1.1831 (1.78% from mid-rate)
To Amount (CHF) Fr5,915.5
Total Cost:1.78%
Difference:
Fr12 CHF less than using TorFX
Time:
Rate Fetched: Thu Apr 09 2020 17:09:33 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
WorldFirst: Foreign Transfer GBP→CHF
From Amount (GBP)£5,000
Fee:
Exchange Rate:1.1986 (0.5% from mid-rate)
To Amount (CHF) Fr5,993
Total Cost:0.5%
Difference:
Fr66 CHF more than using TorFX
Time:18:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer GBP→CHF
From Amount (GBP)£5,000
Fee:£7.5 GBP (.15%)
Exchange Rate:1.1600 (3.7% from mid-rate)
To Amount (CHF) Fr5,791.3
Total Cost:3.85%
Difference:
Fr136 CHF less than using TorFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Natwest Bank logo
Natwest Bank: Foreign Transfer GBP→CHF
From Amount (GBP)£5,000
Fee:15
Exchange Rate:1.1553 (4.09% from mid-rate)
To Amount (CHF) Fr5,759.17
Total Cost:4.38%
Difference:
Fr168 CHF less than using TorFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer GBP→CHF
From Amount (GBP)£5,000
Fee:12
Exchange Rate:1.1494 (4.58% from mid-rate)
To Amount (CHF) Fr5,733.21
Total Cost:4.81%
Difference:
Fr194 CHF less than using TorFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer GBP→CHF
From Amount (GBP)£5,000
Fee:15
Exchange Rate:1.1411 (5.27% from mid-rate)
To Amount (CHF) Fr5,732
Total Cost:4.83%
Difference:
Fr195 CHF less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Santander logo
Santander: Foreign Transfer GBP→CHF
From Amount (GBP)£5,000
Fee:20
Exchange Rate:1.1446 (4.98% from mid-rate)
To Amount (CHF) Fr5,700.11
Total Cost:5.36%
Difference:
Fr227 CHF less than using TorFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Lloyds TSB logo
Lloyds TSB: Foreign Transfer GBP→CHF
From Amount (GBP)£5,000
Fee:20
Exchange Rate:1.1399 (5.37% from mid-rate)
To Amount (CHF) Fr5,676.7
Total Cost:5.75%
Difference:
Fr251 CHF less than using TorFX
Time:18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 04/09/2020 - 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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