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Swiss Franc (CHF) Exchange Rates on 19th March 2024 (19/03/2024)

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Exchange rates for Swiss Franc (CHF)

Updated: 2024-03-19
Convert from Convert to 1 CHF Conversion in currency Conversion
CHF CHF GBP GBP 0.8851 CHF to GBP 1.1298 GBP to CHF
CHF CHF BGN BGN 2.0252 CHF to BGN 0.4938 BGN to CHF
CHF CHF HRK HRK 7.7501 CHF to HRK 0.129 HRK to CHF
CHF CHF CZK CZK 26.1369 CHF to CZK 0.0383 CZK to CHF
CHF CHF DKK DKK 7.7222 CHF to DKK 0.1295 DKK to CHF
CHF CHF EEK EEK 0 CHF to EEK 0 EEK to CHF
CHF CHF HUF HUF 409.0273 CHF to HUF 0.0024 HUF to CHF
CHF CHF KZT KZT 508.4236 CHF to KZT 0.002 KZT to CHF
CHF CHF LVL LVL 0.6812 CHF to LVL 1.4681 LVL to CHF
CHF CHF LTL LTL 0 CHF to LTL 0 LTL to CHF
CHF CHF MKD MKD 63.725 CHF to MKD 0.0157 MKD to CHF
CHF CHF MDL MDL 19.9766 CHF to MDL 0.0501 MDL to CHF
CHF CHF NOK NOK 12.0091 CHF to NOK 0.0833 NOK to CHF
CHF CHF PLN PLN 4.4766 CHF to PLN 0.2234 PLN to CHF
CHF CHF RON RON 5.1481 CHF to RON 0.1942 RON to CHF
CHF CHF RUB RUB 102.959 CHF to RUB 0.0097 RUB to CHF
CHF CHF SKK SKK 0 CHF to SKK 0 SKK to CHF
CHF CHF SEK SEK 11.7476 CHF to SEK 0.0851 SEK to CHF
CHF CHF CHF CHF 1 CHF to CHF 1 CHF to CHF
CHF CHF TRY TRY 36.4161 CHF to TRY 0.0275 TRY to CHF
CHF CHF UAH UAH 44.0483 CHF to UAH 0.0227 UAH to CHF
Updated: 2024-03-19
Convert from Convert to 1 CHF Conversion in currency Conversion
CHF CHF ARS ARS 959.5254 CHF to ARS 0.001 ARS to CHF
CHF CHF BOB BOB 7.8043 CHF to BOB 0.1281 BOB to CHF
CHF CHF BRL BRL 5.6638 CHF to BRL 0.1766 BRL to CHF
CHF CHF CAD CAD 1.525 CHF to CAD 0.6557 CAD to CHF
CHF CHF KYD KYD 0.9414 CHF to KYD 1.0623 KYD to CHF
CHF CHF CLP CLP 1066.2954 CHF to CLP 0.0009 CLP to CHF
CHF CHF COP COP 4380.0194 CHF to COP 0.0002 COP to CHF
CHF CHF CRC CRC 574.7172 CHF to CRC 0.0017 CRC to CHF
CHF CHF DOP DOP 66.8172 CHF to DOP 0.015 DOP to CHF
CHF CHF SVC SVC 9.8842 CHF to SVC 0.1012 SVC to CHF
CHF CHF FJD FJD 2.5541 CHF to FJD 0.3915 FJD to CHF
CHF CHF HNL HNL 27.8946 CHF to HNL 0.0358 HNL to CHF
CHF CHF JMD JMD 174.1333 CHF to JMD 0.0057 JMD to CHF
CHF CHF MXN MXN 18.9624 CHF to MXN 0.0527 MXN to CHF
CHF CHF ANG ANG 2.0354 CHF to ANG 0.4913 ANG to CHF
CHF CHF PYG PYG 8237.9227 CHF to PYG 0.0001 PYG to CHF
CHF CHF PEN PEN 4.1644 CHF to PEN 0.2401 PEN to CHF
CHF CHF TTD TTD 7.6608 CHF to TTD 0.1305 TTD to CHF
CHF CHF USD USD 1.1261 CHF to USD 0.888 USD to CHF
CHF CHF UYU UYU 43.3909 CHF to UYU 0.023 UYU to CHF
CHF CHF VEF VEF 4082211.468 CHF to VEF 0 VEF to CHF
Updated: 2024-03-19
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CHF CHF AUD AUD 1.722 CHF to AUD 0.5807 AUD to CHF
CHF CHF BDT BDT 123.9524 CHF to BDT 0.0081 BDT to CHF
CHF CHF BND BND 1.5104 CHF to BND 0.6621 BND to CHF
CHF CHF CNY CNY 8.1062 CHF to CNY 0.1234 CNY to CHF
CHF CHF INR INR 93.3892 CHF to INR 0.0107 INR to CHF
CHF CHF IDR IDR 17690.6553 CHF to IDR 0.0001 IDR to CHF
CHF CHF JPY JPY 168.6321 CHF to JPY 0.0059 JPY to CHF
CHF CHF MYR MYR 5.3241 CHF to MYR 0.1878 MYR to CHF
CHF CHF MVR MVR 17.3472 CHF to MVR 0.0576 MVR to CHF
CHF CHF NPR NPR 149.842 CHF to NPR 0.0067 NPR to CHF
CHF CHF NZD NZD 1.8551 CHF to NZD 0.539 NZD to CHF
CHF CHF PKR PKR 315.8878 CHF to PKR 0.0032 PKR to CHF
CHF CHF PGK PGK 4.2583 CHF to PGK 0.2348 PGK to CHF
CHF CHF PHP PHP 62.7613 CHF to PHP 0.0159 PHP to CHF
CHF CHF SCR SCR 15.261 CHF to SCR 0.0655 SCR to CHF
CHF CHF SGD SGD 1.509 CHF to SGD 0.6627 SGD to CHF
CHF CHF KRW KRW 1506.4889 CHF to KRW 0.0007 KRW to CHF
CHF CHF LKR LKR 344.1435 CHF to LKR 0.0029 LKR to CHF
CHF CHF TWD TWD 35.7298 CHF to TWD 0.028 TWD to CHF
CHF CHF THB THB 40.5331 CHF to THB 0.0247 THB to CHF
Updated: 2024-03-19
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CHF CHF BHD BHD 0.4243 CHF to BHD 2.3567 BHD to CHF
CHF CHF EGP EGP 53.0473 CHF to EGP 0.0189 EGP to CHF
CHF CHF HKD HKD 8.8067 CHF to HKD 0.1136 HKD to CHF
CHF CHF ILS ILS 4.1126 CHF to ILS 0.2432 ILS to CHF
CHF CHF JOD JOD 0.7983 CHF to JOD 1.2527 JOD to CHF
CHF CHF KWD KWD 0.3461 CHF to KWD 2.8895 KWD to CHF
CHF CHF LBP LBP 101154.1117 CHF to LBP 0 LBP to CHF
CHF CHF OMR OMR 0.4335 CHF to OMR 2.3069 OMR to CHF
CHF CHF QAR QAR 4.0998 CHF to QAR 0.2439 QAR to CHF
CHF CHF SAR SAR 4.2223 CHF to SAR 0.2368 SAR to CHF
CHF CHF AED AED 4.1347 CHF to AED 0.2419 AED to CHF
CHF CHF YER YER 281.9136 CHF to YER 0.0035 YER to CHF
Updated: 2024-03-19
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CHF CHF DZD DZD 151.3805 CHF to DZD 0.0066 DZD to CHF
CHF CHF KES KES 153.056 CHF to KES 0.0065 KES to CHF
CHF CHF MUR MUR 51.7642 CHF to MUR 0.0193 MUR to CHF
CHF CHF MAD MAD 11.3512 CHF to MAD 0.0881 MAD to CHF
CHF CHF NAD NAD 21.3617 CHF to NAD 0.0468 NAD to CHF
CHF CHF NIO NIO 41.5778 CHF to NIO 0.0241 NIO to CHF
CHF CHF NGN NGN 1762.5575 CHF to NGN 0.0006 NGN to CHF
CHF CHF SLL SLL 25440.8364 CHF to SLL 0 SLL to CHF
CHF CHF ZAR ZAR 21.3579 CHF to ZAR 0.0468 ZAR to CHF
CHF CHF TZS TZS 2873.7462 CHF to TZS 0.0003 TZS to CHF
CHF CHF TND TND 3.4939 CHF to TND 0.2862 TND to CHF
CHF CHF UGX UGX 4388.8657 CHF to UGX 0.0002 UGX to CHF
CHF CHF XOF XOF 679.6277 CHF to XOF 0.0015 XOF to CHF
CHF CHF ZMK ZMK 10136.0376 CHF to ZMK 0.0001 ZMK to CHF

Swiss Franc (CHF)

Sign CHF
1 Swiss Franc is subdivided into 100 Rappen (German), centime (French), centesimo (Italian), and rap (Romansh).

CHF is the currency code for the Swiss Franc which is the official currency of both Switzerland and Liechtenstein, is legal tender in both of these countries and Campione d'Italia. The CHF is the sixth most traded currency and is the fifth most widely held reserve currency in the world. While there is no official symbol for the franc, the official accounting abbreviation is "Fr" or "SFr". The "CH" in the currency code references the Latin term Confoederatio Helvetica which can be translated as Swiss Confederation, denoting the structure of Switzerland as a confederation of 26 different states or cantons.

Coins used:
5 rappen, 10 rappen, 20 rappen, 0.5 francs, 1 franc, 2 francs, 5 francs

Banknotes used:
10, 20, 50, 100, 200, 1,000 francs

Central Bank
Swiss National Bank
http://www.snb.ch
Throughout history there have been many currencies denominated in Francs throughout Europe but at this time the Swiss franc is the only franc in circulation. Monetary policy and issuance of the Swiss franc is managed by the Swiss National Bank which is owned both by the government and through publicly traded shares of interest available for purchase by private individuals. The public portion of ownership encompasses 55% of the total shares and is primarily owned by cantons, the 26 member states of Switzerland, and the 24 cantonal banks, regional specific Swiss member state owned commercial banks.

As a central bank the primary mandate of the Swiss National Bank is to serve the best interest of Switzerland, which has been interpreted as a primary focus on price stability, but not at the expense of the economic environment as a whole. The specific Swiss National Bank monetary policy at this time is keeping the Swiss consumer price index increasing at a rate below 2% and keeping the 3 month risk free rate of return in Swiss francs equal to the LIBOR. No discussion of the CHF should be without brief mention of the controversy over ownership of the Swiss National Bank gold reserves. Now listed at 1145 metric tons (each ton at 2204.6 pounds) there is currently and will always remain an issue as to the amount of gold the Swiss National Bank held for the Nazi's during World War II. This gold having been acquired through German conquest and theft. There is no legitimate tracing mechanism nor potential the Swiss national bank would have to return the gold, but it is a critical piece of Swiss National Bank history that anyone must know exists in order to remain culturally literate on the Swiss National Bank.

Though the Swiss National Bank has stated targets of price stability, their actions have shown they are willing to forego price stability, even at the expense of high inflation, if necessary in order to maintain a specific foreign exchange rate. This had been the case from 1978 through 2011, but in 2011 the Swiss National Bank, in an unprecedented announcement and unanticipated move, issued a statement that the current exchange rate with the euro was getting too high and that it was threatening the stability of the Swiss economy, therefore the Swiss National Bank was willing to purchase an unlimited amount of foreign currency to rectify the problem. This statement shocked currency markets and lead to a single day impact of reducing the CHF against the EUR by 8.8%, the USD by 9.5% and an average of 8.2% against sixteen other major currencies. This surprise move by the Swiss National Bank has forced currency traders worldwide into re-evaluating the traditionally accepted thought of the CHF as a safe haven currency. Historically the CHF was considered by most as a safe haven given the Swiss National Bank's focus on low inflation and its policy of backing the CHF with 40% gold reserves. Even thought this reserve requirement was eliminated in 2000 and the bank held a gold sell off reducing reserves to 20%, the historic acceptance of the CHF as a safe haven remained.

Though this Swiss National Bank historic announcement and action caught many by surprise, in hindsight it was not without warning. The move was precipitated by the rapid increase in value of the CHF in 2011. In March 2011 the CHF had already gained significant value from demand by investors seeking a safe haven from the growing Greek and worldwide debt crisis. By June 2011 the CHF increased another 10% and by August 2011 another 10%. This was leading to a liquidity crisis in Switzerland where corporations were credibly making plans to move their operations out of the country and interest rates amazingly turned negative. This was an unacceptable situation to the Swiss National Bank and posed a lot of over-valuation risk to the CHF in addition to the challenges of liquidity throughout the economy. As a result the Swiss National Bank took its unprecedented move on September 6, 2011 when they made their historic announcement. This scenario is critical in understanding the CHF and all currencies, knowing that history will not always determine future actions and mounting pressures can force the hand of even the most stable of currencies creating dire consequences for all invested in the underlying currency markets.

The franc itself is also known as the franken or franco and at one time was denominated in as small as 1/100ths of a franc. These 1/100ths of a franc are known as a Rappen (Rp), centime (c0), centismo (ct) or rap (rp) with the most common Swiss usage being Rappen (Rp). Currently, the smallest fraction of a franc coin produced by the Swiss Mint and in circulation is the 5 rappen with the 1 rappen coin no longer produced after 2006. The largest coins in circulation are valued at 1, 2, and 5 francs. Paper banknotes issued by the Swiss National Bank range from 10 francs through 1000 francs. A unique characteristic of the CHF banknotes is that they are all quadrilingual, they include information about the note in four different languages, German, French, Italian, and Romansh, all of which are official languages within Switzerland. This homogenization of the franc has occurred over eight different nationwide revisions to the banknotes and reflects the multicultural history of the CHF and the Helvetic republic from 1798, later re-established in 1850 as the Swiss confederation.

Other References
Wikipedia article on Swiss Franc

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