Convert 70000 Chinese Yuan (CNY) to Swiss Franc (CHF)
Exchange rates used for currency conversion updated on 22nd March 2019 ( 22/03/2019 )
Below you will find the latest exchange rate for exchanging Chinese Yuan (CNY) to Swiss Franc (CHF) , a table containing most common conversions and a chart with the pair's evolution.
The Chinese Yuan (CNY) to Swiss Franc (CHF) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies om;ine and offline.
CNY represents the Peoples Republic of China (PRC), Chinese peoples currency known as the renminbi and denominated in yuan. It is controlled by the Monetary Policy Authority within the PRC and has until recently not been allowed to be circulated outside of mainland China. Recent developments and gradual changed in PRC policies toward more open markets and less central planning are slowly distributing the yuan for use worldwide. This is a clear plan setting the stage for the PRC target of the CNY overtaking all currencies worldwide in the future.
About Swiss Franc (CHF)
CHF represents the Swiss franc in international currency markets where it is the sixth most traded currency and it remains the fifth largest world reserve currency. The CHF is under the monetary policy directives of the Swiss National Bank which has an interpreted mandate of price stability. Once thought of as a safe haven currency the CHF experienced a de facto devaluation in 2011 as the worldwide rush toward safety threatened the underlying Swiss economy.