Swiss Franc
Swiss Franc Rates
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Latest Swiss Franc Rates
Please see our latest exchange rates page for the most up-to-date mid-market rate.
Recent Trading Range
In 2011, the Swiss Franc traded between 1.1778 and 1.5585 against the Pound.
Latest Swiss Franc Exchange Rate News
Please see our news section for the latest currency news affecting worldwide exchange rates. You can also visit our dedicated page on money transfers to Switzerland, including timescales and information needed to make your transfer.
Overview - CHF
The Swiss Franc is the currency used in Switzerland and its ISO code is CHF. The Franc is also the legal tender in Lichtenstein. It is used worldwide as a reserve currency (this is when a currency is held by governments or institutions in significant quantities as foreign exchange reserves) after the USD, GBP, EUR and JPY.
In March 2011 the Franc reached record highs against a basket of currencies as the debt crisis in both Europe and America gained momentum, and investors sought the safety of the CHF. In September 2011 the Swiss National Bank (SNB) set a minimum exchange rate of 1.20 francs to the euro stating ‘the value of the franc is a threat to the economy’ (with a strong CHF exports would have been affected due to the increased price of all goods).
Within 15 minutes the Franc fell over 8% against the USD and Euro. It also lost significant ground against all 16 major currencies, and was the largest plunge the CHF had ever had against the Euro.