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Swiss Franc (CHF) Exchange Rates on 17th May 2024 (17/05/2024)

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Exchange rates for Swiss Franc (CHF)

Updated: 2024-05-17
Convert from Convert to 1 CHF Conversion in currency Conversion
CHF CHF GBP GBP 0.8709 CHF to GBP 1.1482 GBP to CHF
CHF CHF BGN BGN 1.9859 CHF to BGN 0.5036 BGN to CHF
CHF CHF HRK HRK 7.6948 CHF to HRK 0.13 HRK to CHF
CHF CHF CZK CZK 25.0614 CHF to CZK 0.0399 CZK to CHF
CHF CHF DKK DKK 7.5742 CHF to DKK 0.132 DKK to CHF
CHF CHF EEK EEK 0 CHF to EEK 0 EEK to CHF
CHF CHF HUF HUF 393.5811 CHF to HUF 0.0025 HUF to CHF
CHF CHF KZT KZT 489.0973 CHF to KZT 0.002 KZT to CHF
CHF CHF LVL LVL 0.6668 CHF to LVL 1.4996 LVL to CHF
CHF CHF LTL LTL 0 CHF to LTL 0 LTL to CHF
CHF CHF MKD MKD 62.4912 CHF to MKD 0.016 MKD to CHF
CHF CHF MDL MDL 19.5798 CHF to MDL 0.0511 MDL to CHF
CHF CHF NOK NOK 11.8176 CHF to NOK 0.0846 NOK to CHF
CHF CHF PLN PLN 4.3313 CHF to PLN 0.2309 PLN to CHF
CHF CHF RON RON 5.0509 CHF to RON 0.198 RON to CHF
CHF CHF RUB RUB 100.1793 CHF to RUB 0.01 RUB to CHF
CHF CHF SKK SKK 0 CHF to SKK 0 SKK to CHF
CHF CHF SEK SEK 11.8294 CHF to SEK 0.0845 SEK to CHF
CHF CHF CHF CHF 1 CHF to CHF 1 CHF to CHF
CHF CHF TRY TRY 35.5711 CHF to TRY 0.0281 TRY to CHF
CHF CHF UAH UAH 43.4119 CHF to UAH 0.023 UAH to CHF
Updated: 2024-05-17
Convert from Convert to 1 CHF Conversion in currency Conversion
CHF CHF ARS ARS 977.0123 CHF to ARS 0.001 ARS to CHF
CHF CHF BOB BOB 7.6245 CHF to BOB 0.1312 BOB to CHF
CHF CHF BRL BRL 5.6556 CHF to BRL 0.1768 BRL to CHF
CHF CHF CAD CAD 1.5022 CHF to CAD 0.6657 CAD to CHF
CHF CHF KYD KYD 0.9195 CHF to KYD 1.0875 KYD to CHF
CHF CHF CLP CLP 990.5539 CHF to CLP 0.001 CLP to CHF
CHF CHF COP COP 4220.1945 CHF to COP 0.0002 COP to CHF
CHF CHF CRC CRC 564.7405 CHF to CRC 0.0018 CRC to CHF
CHF CHF DOP DOP 64.6128 CHF to DOP 0.0155 DOP to CHF
CHF CHF SVC SVC 9.6539 CHF to SVC 0.1036 SVC to CHF
CHF CHF FJD FJD 2.4619 CHF to FJD 0.4062 FJD to CHF
CHF CHF HNL HNL 27.2242 CHF to HNL 0.0367 HNL to CHF
CHF CHF JMD JMD 172.4263 CHF to JMD 0.0058 JMD to CHF
CHF CHF MXN MXN 18.4271 CHF to MXN 0.0543 MXN to CHF
CHF CHF ANG ANG 1.9885 CHF to ANG 0.5029 ANG to CHF
CHF CHF PYG PYG 8278.1476 CHF to PYG 0.0001 PYG to CHF
CHF CHF PEN PEN 4.1014 CHF to PEN 0.2438 PEN to CHF
CHF CHF TTD TTD 7.4923 CHF to TTD 0.1335 TTD to CHF
CHF CHF USD USD 1.1024 CHF to USD 0.9071 USD to CHF
CHF CHF UYU UYU 42.6536 CHF to UYU 0.0234 UYU to CHF
CHF CHF VEF VEF 3993593.3941 CHF to VEF 0 VEF to CHF
Updated: 2024-05-17
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CHF CHF AUD AUD 1.6544 CHF to AUD 0.6044 AUD to CHF
CHF CHF BDT BDT 129.1958 CHF to BDT 0.0077 BDT to CHF
CHF CHF BND BND 1.4832 CHF to BND 0.6742 BND to CHF
CHF CHF CNY CNY 7.9668 CHF to CNY 0.1255 CNY to CHF
CHF CHF INR INR 92.0302 CHF to INR 0.0109 INR to CHF
CHF CHF IDR IDR 17614.6639 CHF to IDR 0.0001 IDR to CHF
CHF CHF JPY JPY 171.7633 CHF to JPY 0.0058 JPY to CHF
CHF CHF MYR MYR 5.1648 CHF to MYR 0.1936 MYR to CHF
CHF CHF MVR MVR 17.0431 CHF to MVR 0.0587 MVR to CHF
CHF CHF NPR NPR 147.401 CHF to NPR 0.0068 NPR to CHF
CHF CHF NZD NZD 1.8039 CHF to NZD 0.5543 NZD to CHF
CHF CHF PKR PKR 307.0132 CHF to PKR 0.0033 PKR to CHF
CHF CHF PGK PGK 4.2779 CHF to PGK 0.2338 PGK to CHF
CHF CHF PHP PHP 63.5766 CHF to PHP 0.0157 PHP to CHF
CHF CHF SCR SCR 14.9759 CHF to SCR 0.0668 SCR to CHF
CHF CHF SGD SGD 1.4856 CHF to SGD 0.6731 SGD to CHF
CHF CHF KRW KRW 1496.3805 CHF to KRW 0.0007 KRW to CHF
CHF CHF LKR LKR 331.8322 CHF to LKR 0.003 LKR to CHF
CHF CHF TWD TWD 35.5215 CHF to TWD 0.0282 TWD to CHF
CHF CHF THB THB 39.999 CHF to THB 0.025 THB to CHF
Updated: 2024-05-17
Convert from Convert to 1 CHF Conversion in currency Conversion
CHF CHF BHD BHD 0.4155 CHF to BHD 2.4065 BHD to CHF
CHF CHF EGP EGP 51.7126 CHF to EGP 0.0193 EGP to CHF
CHF CHF HKD HKD 8.5996 CHF to HKD 0.1163 HKD to CHF
CHF CHF ILS ILS 4.0738 CHF to ILS 0.2455 ILS to CHF
CHF CHF JOD JOD 0.7815 CHF to JOD 1.2796 JOD to CHF
CHF CHF KWD KWD 0.3387 CHF to KWD 2.9528 KWD to CHF
CHF CHF LBP LBP 98782.605 CHF to LBP 0 LBP to CHF
CHF CHF OMR OMR 0.4243 CHF to OMR 2.3567 OMR to CHF
CHF CHF QAR QAR 4.0144 CHF to QAR 0.2491 QAR to CHF
CHF CHF SAR SAR 4.1337 CHF to SAR 0.2419 SAR to CHF
CHF CHF AED AED 4.0492 CHF to AED 0.247 AED to CHF
CHF CHF YER YER 275.496 CHF to YER 0.0036 YER to CHF
Updated: 2024-05-17
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CHF CHF DZD DZD 148.3473 CHF to DZD 0.0067 DZD to CHF
CHF CHF KES KES 143.9864 CHF to KES 0.0069 KES to CHF
CHF CHF MUR MUR 50.557 CHF to MUR 0.0198 MUR to CHF
CHF CHF MAD MAD 10.9756 CHF to MAD 0.0911 MAD to CHF
CHF CHF NAD NAD 20.0754 CHF to NAD 0.0498 NAD to CHF
CHF CHF NIO NIO 40.5139 CHF to NIO 0.0247 NIO to CHF
CHF CHF NGN NGN 1678.9767 CHF to NGN 0.0006 NGN to CHF
CHF CHF SLL SLL 23117.1143 CHF to SLL 0 SLL to CHF
CHF CHF ZAR ZAR 20.0907 CHF to ZAR 0.0498 ZAR to CHF
CHF CHF TZS TZS 2860.7735 CHF to TZS 0.0003 TZS to CHF
CHF CHF TND TND 3.4208 CHF to TND 0.2923 TND to CHF
CHF CHF UGX UGX 4148.6541 CHF to UGX 0.0002 UGX to CHF
CHF CHF XOF XOF 664.2104 CHF to XOF 0.0015 XOF to CHF
CHF CHF ZMK ZMK 9923.0943 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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