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Swiss Franc (CHF) Exchange Rates on 01st October 2022 (01/10/2022)

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Exchange rates for Swiss Franc (CHF)

Updated: 2022-10-01
Convert from Convert to 1 CHF Conversion in currency Conversion
CHF CHF GBP GBP 0.9071 CHF to GBP 1.1024 GBP to CHF
CHF CHF BGN BGN 2.019 CHF to BGN 0.4953 BGN to CHF
CHF CHF HRK HRK 7.7614 CHF to HRK 0.1288 HRK to CHF
CHF CHF CZK CZK 25.3696 CHF to CZK 0.0394 CZK to CHF
CHF CHF DKK DKK 7.6744 CHF to DKK 0.1303 DKK to CHF
CHF CHF EEK EEK 0 CHF to EEK 0 EEK to CHF
CHF CHF HUF HUF 436.5072 CHF to HUF 0.0023 HUF to CHF
CHF CHF KZT KZT 481.8367 CHF to KZT 0.0021 KZT to CHF
CHF CHF LVL LVL 0.6118 CHF to LVL 1.6345 LVL to CHF
CHF CHF LTL LTL 0 CHF to LTL 0 LTL to CHF
CHF CHF MKD MKD 63.8583 CHF to MKD 0.0157 MKD to CHF
CHF CHF MDL MDL 19.7327 CHF to MDL 0.0507 MDL to CHF
CHF CHF NOK NOK 11.0105 CHF to NOK 0.0908 NOK to CHF
CHF CHF PLN PLN 5.0083 CHF to PLN 0.1997 PLN to CHF
CHF CHF RON RON 5.1109 CHF to RON 0.1957 RON to CHF
CHF CHF RUB RUB 60.8919 CHF to RUB 0.0164 RUB to CHF
CHF CHF SKK SKK 0 CHF to SKK 0 SKK to CHF
CHF CHF SEK SEK 11.2097 CHF to SEK 0.0892 SEK to CHF
CHF CHF CHF CHF 1 CHF to CHF 1 CHF to CHF
CHF CHF TRY TRY 18.7135 CHF to TRY 0.0534 TRY to CHF
CHF CHF UAH UAH 37.3727 CHF to UAH 0.0268 UAH to CHF
Updated: 2022-10-01
Convert from Convert to 1 CHF Conversion in currency Conversion
CHF CHF ARS ARS 148.985 CHF to ARS 0.0067 ARS to CHF
CHF CHF BOB BOB 6.9921 CHF to BOB 0.143 BOB to CHF
CHF CHF BRL BRL 5.4743 CHF to BRL 0.1827 BRL to CHF
CHF CHF CAD CAD 1.3991 CHF to CAD 0.7148 CAD to CHF
CHF CHF KYD KYD 0.8433 CHF to KYD 1.1858 KYD to CHF
CHF CHF CLP CLP 979.0741 CHF to CLP 0.001 CLP to CHF
CHF CHF COP COP 4662.7054 CHF to COP 0.0002 COP to CHF
CHF CHF CRC CRC 634.9179 CHF to CRC 0.0016 CRC to CHF
CHF CHF DOP DOP 54.2167 CHF to DOP 0.0184 DOP to CHF
CHF CHF SVC SVC 8.8551 CHF to SVC 0.1129 SVC to CHF
CHF CHF FJD FJD 2.3365 CHF to FJD 0.428 FJD to CHF
CHF CHF HNL HNL 25.0434 CHF to HNL 0.0399 HNL to CHF
CHF CHF JMD JMD 153.8861 CHF to JMD 0.0065 JMD to CHF
CHF CHF MXN MXN 20.3765 CHF to MXN 0.0491 MXN to CHF
CHF CHF ANG ANG 1.8238 CHF to ANG 0.5483 ANG to CHF
CHF CHF PYG PYG 7153.4668 CHF to PYG 0.0001 PYG to CHF
CHF CHF PEN PEN 4.027 CHF to PEN 0.2483 PEN to CHF
CHF CHF TTD TTD 6.8751 CHF to TTD 0.1455 TTD to CHF
CHF CHF USD USD 1.0114 CHF to USD 0.9887 USD to CHF
CHF CHF UYU UYU 41.841 CHF to UYU 0.0239 UYU to CHF
CHF CHF VEF VEF 220973323324.24 CHF to VEF 0 VEF to CHF
Updated: 2022-10-01
Convert from Convert to 1 CHF Conversion in currency Conversion
CHF CHF AUD AUD 1.5794 CHF to AUD 0.6332 AUD to CHF
CHF CHF BDT BDT 102.5082 CHF to BDT 0.0098 BDT to CHF
CHF CHF BND BND 1.4525 CHF to BND 0.6885 BND to CHF
CHF CHF CNY CNY 7.1974 CHF to CNY 0.1389 CNY to CHF
CHF CHF INR INR 82.5715 CHF to INR 0.0121 INR to CHF
CHF CHF IDR IDR 15478.6044 CHF to IDR 0.0001 IDR to CHF
CHF CHF JPY JPY 146.3935 CHF to JPY 0.0068 JPY to CHF
CHF CHF MYR MYR 4.69 CHF to MYR 0.2132 MYR to CHF
CHF CHF MVR MVR 15.627 CHF to MVR 0.064 MVR to CHF
CHF CHF NPR NPR 131.8588 CHF to NPR 0.0076 NPR to CHF
CHF CHF NZD NZD 1.8099 CHF to NZD 0.5525 NZD to CHF
CHF CHF PKR PKR 230.7122 CHF to PKR 0.0043 PKR to CHF
CHF CHF PGK PGK 3.5606 CHF to PGK 0.2809 PGK to CHF
CHF CHF PHP PHP 59.4737 CHF to PHP 0.0168 PHP to CHF
CHF CHF SCR SCR 13.2048 CHF to SCR 0.0757 SCR to CHF
CHF CHF SGD SGD 1.4484 CHF to SGD 0.6904 SGD to CHF
CHF CHF KRW KRW 1456.6906 CHF to KRW 0.0007 KRW to CHF
CHF CHF LKR LKR 369.8412 CHF to LKR 0.0027 LKR to CHF
CHF CHF TWD TWD 32.1813 CHF to TWD 0.0311 TWD to CHF
CHF CHF THB THB 38.2352 CHF to THB 0.0262 THB to CHF
Updated: 2022-10-01
Convert from Convert to 1 CHF Conversion in currency Conversion
CHF CHF BHD BHD 0.3816 CHF to BHD 2.6206 BHD to CHF
CHF CHF EGP EGP 19.7614 CHF to EGP 0.0506 EGP to CHF
CHF CHF HKD HKD 7.9396 CHF to HKD 0.126 HKD to CHF
CHF CHF ILS ILS 3.5992 CHF to ILS 0.2778 ILS to CHF
CHF CHF JOD JOD 0.7171 CHF to JOD 1.3944 JOD to CHF
CHF CHF KWD KWD 0.3135 CHF to KWD 3.1898 KWD to CHF
CHF CHF LBP LBP 1534.283 CHF to LBP 0.0007 LBP to CHF
CHF CHF OMR OMR 0.3894 CHF to OMR 2.5683 OMR to CHF
CHF CHF QAR QAR 3.6827 CHF to QAR 0.2715 QAR to CHF
CHF CHF SAR SAR 3.7997 CHF to SAR 0.2632 SAR to CHF
CHF CHF AED AED 3.715 CHF to AED 0.2692 AED to CHF
CHF CHF YER YER 253.111 CHF to YER 0.004 YER to CHF
Updated: 2022-10-01
Convert from Convert to 1 CHF Conversion in currency Conversion
CHF CHF DZD DZD 142.4336 CHF to DZD 0.007 DZD to CHF
CHF CHF KES KES 122.2316 CHF to KES 0.0082 KES to CHF
CHF CHF MUR MUR 46.2692 CHF to MUR 0.0216 MUR to CHF
CHF CHF MAD MAD 11.0782 CHF to MAD 0.0903 MAD to CHF
CHF CHF NAD NAD 18.287 CHF to NAD 0.0547 NAD to CHF
CHF CHF NIO NIO 36.4119 CHF to NIO 0.0275 NIO to CHF
CHF CHF NGN NGN 437.3131 CHF to NGN 0.0023 NGN to CHF
CHF CHF SLL SLL 15672.1661 CHF to SLL 0.0001 SLL to CHF
CHF CHF ZAR ZAR 18.2979 CHF to ZAR 0.0547 ZAR to CHF
CHF CHF TZS TZS 2356.6317 CHF to TZS 0.0004 TZS to CHF
CHF CHF TND TND 3.3064 CHF to TND 0.3024 TND to CHF
CHF CHF UGX UGX 3896.9711 CHF to UGX 0.0003 UGX to CHF
CHF CHF XOF XOF 588.6536 CHF to XOF 0.0017 XOF to CHF
CHF CHF ZMK ZMK 9104.1033 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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