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Swiss Franc (CHF) Exchange Rates on 20th April 2024 (20/04/2024)

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Exchange rates for Swiss Franc (CHF)

Updated: 2024-04-20
Convert from Convert to 1 CHF Conversion in currency Conversion
CHF CHF GBP GBP 0.8874 CHF to GBP 1.1269 GBP to CHF
CHF CHF BGN BGN 2.0241 CHF to BGN 0.494 BGN to CHF
CHF CHF HRK HRK 7.8014 CHF to HRK 0.1282 HRK to CHF
CHF CHF CZK CZK 26.1953 CHF to CZK 0.0382 CZK to CHF
CHF CHF DKK DKK 7.7287 CHF to DKK 0.1294 DKK to CHF
CHF CHF EEK EEK 0 CHF to EEK 0 EEK to CHF
CHF CHF HUF HUF 409.9443 CHF to HUF 0.0024 HUF to CHF
CHF CHF KZT KZT 494.4541 CHF to KZT 0.002 KZT to CHF
CHF CHF LVL LVL 0.6665 CHF to LVL 1.5004 LVL to CHF
CHF CHF LTL LTL 0 CHF to LTL 0 LTL to CHF
CHF CHF MKD MKD 63.8161 CHF to MKD 0.0157 MKD to CHF
CHF CHF MDL MDL 19.7928 CHF to MDL 0.0505 MDL to CHF
CHF CHF NOK NOK 12.1838 CHF to NOK 0.0821 NOK to CHF
CHF CHF PLN PLN 4.5118 CHF to PLN 0.2216 PLN to CHF
CHF CHF RON RON 5.1558 CHF to RON 0.194 RON to CHF
CHF CHF RUB RUB 103.7708 CHF to RUB 0.0096 RUB to CHF
CHF CHF SKK SKK 0 CHF to SKK 0 SKK to CHF
CHF CHF SEK SEK 12.1204 CHF to SEK 0.0825 SEK to CHF
CHF CHF CHF CHF 1 CHF to CHF 1 CHF to CHF
CHF CHF TRY TRY 35.9898 CHF to TRY 0.0278 TRY to CHF
CHF CHF UAH UAH 43.8371 CHF to UAH 0.0228 UAH to CHF
Updated: 2024-04-20
Convert from Convert to 1 CHF Conversion in currency Conversion
CHF CHF ARS ARS 961.5447 CHF to ARS 0.001 ARS to CHF
CHF CHF BOB BOB 7.6708 CHF to BOB 0.1304 BOB to CHF
CHF CHF BRL BRL 5.779 CHF to BRL 0.173 BRL to CHF
CHF CHF CAD CAD 1.5186 CHF to CAD 0.6585 CAD to CHF
CHF CHF KYD KYD 0.9215 CHF to KYD 1.0852 KYD to CHF
CHF CHF CLP CLP 1064.6101 CHF to CLP 0.0009 CLP to CHF
CHF CHF COP COP 4328.5637 CHF to COP 0.0002 COP to CHF
CHF CHF CRC CRC 554.014 CHF to CRC 0.0018 CRC to CHF
CHF CHF DOP DOP 65.3445 CHF to DOP 0.0153 DOP to CHF
CHF CHF SVC SVC 9.6747 CHF to SVC 0.1034 SVC to CHF
CHF CHF FJD FJD 2.5129 CHF to FJD 0.3979 FJD to CHF
CHF CHF HNL HNL 27.2988 CHF to HNL 0.0366 HNL to CHF
CHF CHF JMD JMD 171.7866 CHF to JMD 0.0058 JMD to CHF
CHF CHF MXN MXN 19.2016 CHF to MXN 0.0521 MXN to CHF
CHF CHF ANG ANG 1.9934 CHF to ANG 0.5016 ANG to CHF
CHF CHF PYG PYG 8181.2559 CHF to PYG 0.0001 PYG to CHF
CHF CHF PEN PEN 4.145 CHF to PEN 0.2413 PEN to CHF
CHF CHF TTD TTD 7.5049 CHF to TTD 0.1332 TTD to CHF
CHF CHF USD USD 1.1019 CHF to USD 0.9076 USD to CHF
CHF CHF UYU UYU 42.8168 CHF to UYU 0.0234 UYU to CHF
CHF CHF VEF VEF 3991416.3701 CHF to VEF 0 VEF to CHF
Updated: 2024-04-20
Convert from Convert to 1 CHF Conversion in currency Conversion
CHF CHF AUD AUD 1.7247 CHF to AUD 0.5798 AUD to CHF
CHF CHF BDT BDT 121.3913 CHF to BDT 0.0082 BDT to CHF
CHF CHF BND BND 1.5046 CHF to BND 0.6646 BND to CHF
CHF CHF CNY CNY 7.9773 CHF to CNY 0.1254 CNY to CHF
CHF CHF INR INR 92.0161 CHF to INR 0.0109 INR to CHF
CHF CHF IDR IDR 17920.52 CHF to IDR 0.0001 IDR to CHF
CHF CHF JPY JPY 170.0025 CHF to JPY 0.0059 JPY to CHF
CHF CHF MYR MYR 5.2691 CHF to MYR 0.1898 MYR to CHF
CHF CHF MVR MVR 17.0343 CHF to MVR 0.0587 MVR to CHF
CHF CHF NPR NPR 147.7858 CHF to NPR 0.0068 NPR to CHF
CHF CHF NZD NZD 1.8748 CHF to NZD 0.5334 NZD to CHF
CHF CHF PKR PKR 308.0027 CHF to PKR 0.0032 PKR to CHF
CHF CHF PGK PGK 4.202 CHF to PGK 0.238 PGK to CHF
CHF CHF PHP PHP 63.4024 CHF to PHP 0.0158 PHP to CHF
CHF CHF SCR SCR 15.7996 CHF to SCR 0.0633 SCR to CHF
CHF CHF SGD SGD 1.5023 CHF to SGD 0.6657 SGD to CHF
CHF CHF KRW KRW 1525.804 CHF to KRW 0.0007 KRW to CHF
CHF CHF LKR LKR 333.1092 CHF to LKR 0.003 LKR to CHF
CHF CHF TWD TWD 35.8343 CHF to TWD 0.0279 TWD to CHF
CHF CHF THB THB 40.6136 CHF to THB 0.0246 THB to CHF
Updated: 2024-04-20
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CHF CHF BHD BHD 0.4169 CHF to BHD 2.3986 BHD to CHF
CHF CHF EGP EGP 53.5374 CHF to EGP 0.0187 EGP to CHF
CHF CHF HKD HKD 8.6278 CHF to HKD 0.1159 HKD to CHF
CHF CHF ILS ILS 4.18 CHF to ILS 0.2392 ILS to CHF
CHF CHF JOD JOD 0.781 CHF to JOD 1.2804 JOD to CHF
CHF CHF KWD KWD 0.3398 CHF to KWD 2.9431 KWD to CHF
CHF CHF LBP LBP 99018.6315 CHF to LBP 0 LBP to CHF
CHF CHF OMR OMR 0.4256 CHF to OMR 2.3497 OMR to CHF
CHF CHF QAR QAR 4.0113 CHF to QAR 0.2493 QAR to CHF
CHF CHF SAR SAR 4.1346 CHF to SAR 0.2419 SAR to CHF
CHF CHF AED AED 4.048 CHF to AED 0.247 AED to CHF
CHF CHF YER YER 275.794 CHF to YER 0.0036 YER to CHF
Updated: 2024-04-20
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CHF CHF DZD DZD 148.5893 CHF to DZD 0.0067 DZD to CHF
CHF CHF KES KES 146.5477 CHF to KES 0.0068 KES to CHF
CHF CHF MUR MUR 51.6002 CHF to MUR 0.0194 MUR to CHF
CHF CHF MAD MAD 11.203 CHF to MAD 0.0893 MAD to CHF
CHF CHF NAD NAD 21.1012 CHF to NAD 0.0474 NAD to CHF
CHF CHF NIO NIO 40.6939 CHF to NIO 0.0246 NIO to CHF
CHF CHF NGN NGN 1268.3343 CHF to NGN 0.0008 NGN to CHF
CHF CHF SLL SLL 23105.5169 CHF to SLL 0 SLL to CHF
CHF CHF ZAR ZAR 21.2028 CHF to ZAR 0.0472 ZAR to CHF
CHF CHF TZS TZS 2846.1153 CHF to TZS 0.0004 TZS to CHF
CHF CHF TND TND 3.4648 CHF to TND 0.2886 TND to CHF
CHF CHF UGX UGX 4212.3283 CHF to UGX 0.0002 UGX to CHF
CHF CHF XOF XOF 679.3896 CHF to XOF 0.0015 XOF to CHF
CHF CHF ZMK ZMK 9918.1145 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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