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Swiss Franc (CHF) Exchange Rates on 21st December 2024 (21/12/2024)

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Exchange rates for Swiss Franc (CHF)

Updated: 2024-12-21
Convert from Convert to 1 CHF Conversion in currency Conversion
CHF CHF GBP GBP 0.8921 CHF to GBP 1.1209 GBP to CHF
CHF CHF BGN BGN 2.1011 CHF to BGN 0.4759 BGN to CHF
CHF CHF HRK HRK 7.9858 CHF to HRK 0.1252 HRK to CHF
CHF CHF CZK CZK 27.008 CHF to CZK 0.037 CZK to CHF
CHF CHF DKK DKK 8.0144 CHF to DKK 0.1248 DKK to CHF
CHF CHF EEK EEK 0 CHF to EEK 0 EEK to CHF
CHF CHF HUF HUF 445.5618 CHF to HUF 0.0022 HUF to CHF
CHF CHF KZT KZT 586.3509 CHF to KZT 0.0017 KZT to CHF
CHF CHF LVL LVL 0.6734 CHF to LVL 1.4849 LVL to CHF
CHF CHF LTL LTL 0 CHF to LTL 0 LTL to CHF
CHF CHF MKD MKD 66.1196 CHF to MKD 0.0151 MKD to CHF
CHF CHF MDL MDL 20.593 CHF to MDL 0.0486 MDL to CHF
CHF CHF NOK NOK 12.7663 CHF to NOK 0.0783 NOK to CHF
CHF CHF PLN PLN 4.5747 CHF to PLN 0.2186 PLN to CHF
CHF CHF RON RON 5.3466 CHF to RON 0.187 RON to CHF
CHF CHF RUB RUB 115.2097 CHF to RUB 0.0087 RUB to CHF
CHF CHF SKK SKK 0 CHF to SKK 0 SKK to CHF
CHF CHF SEK SEK 12.302 CHF to SEK 0.0813 SEK to CHF
CHF CHF CHF CHF 1 CHF to CHF 1 CHF to CHF
CHF CHF TRY TRY 39.1486 CHF to TRY 0.0255 TRY to CHF
CHF CHF UAH UAH 46.917 CHF to UAH 0.0213 UAH to CHF
Updated: 2024-12-21
Convert from Convert to 1 CHF Conversion in currency Conversion
CHF CHF ARS ARS 1137.9057 CHF to ARS 0.0009 ARS to CHF
CHF CHF BOB BOB 7.7237 CHF to BOB 0.1295 BOB to CHF
CHF CHF BRL BRL 6.8524 CHF to BRL 0.1459 BRL to CHF
CHF CHF CAD CAD 1.6061 CHF to CAD 0.6226 CAD to CHF
CHF CHF KYD KYD 0.9314 CHF to KYD 1.0737 KYD to CHF
CHF CHF CLP CLP 1104.14 CHF to CLP 0.0009 CLP to CHF
CHF CHF COP COP 4875.1142 CHF to COP 0.0002 COP to CHF
CHF CHF CRC CRC 562.1214 CHF to CRC 0.0018 CRC to CHF
CHF CHF DOP DOP 67.9768 CHF to DOP 0.0147 DOP to CHF
CHF CHF SVC SVC 9.7791 CHF to SVC 0.1023 SVC to CHF
CHF CHF FJD FJD 2.5871 CHF to FJD 0.3865 FJD to CHF
CHF CHF HNL HNL 28.3708 CHF to HNL 0.0352 HNL to CHF
CHF CHF JMD JMD 174.807 CHF to JMD 0.0057 JMD to CHF
CHF CHF MXN MXN 22.6268 CHF to MXN 0.0442 MXN to CHF
CHF CHF ANG ANG 2.0144 CHF to ANG 0.4964 ANG to CHF
CHF CHF PYG PYG 8730.7357 CHF to PYG 0.0001 PYG to CHF
CHF CHF PEN PEN 4.1722 CHF to PEN 0.2397 PEN to CHF
CHF CHF TTD TTD 7.5973 CHF to TTD 0.1316 TTD to CHF
CHF CHF USD USD 1.1133 CHF to USD 0.8982 USD to CHF
CHF CHF UYU UYU 49.8249 CHF to UYU 0.0201 UYU to CHF
CHF CHF VEF VEF 4050085.7388 CHF to VEF 0 VEF to CHF
Updated: 2024-12-21
Convert from Convert to 1 CHF Conversion in currency Conversion
CHF CHF AUD AUD 1.789 CHF to AUD 0.559 AUD to CHF
CHF CHF BDT BDT 133.5669 CHF to BDT 0.0075 BDT to CHF
CHF CHF BND BND 1.5185 CHF to BND 0.6585 BND to CHF
CHF CHF CNY CNY 8.127 CHF to CNY 0.123 CNY to CHF
CHF CHF INR INR 94.7561 CHF to INR 0.0106 INR to CHF
CHF CHF IDR IDR 18146.749 CHF to IDR 0.0001 IDR to CHF
CHF CHF JPY JPY 174.917 CHF to JPY 0.0057 JPY to CHF
CHF CHF MYR MYR 5.0239 CHF to MYR 0.199 MYR to CHF
CHF CHF MVR MVR 17.1309 CHF to MVR 0.0584 MVR to CHF
CHF CHF NPR NPR 152.1573 CHF to NPR 0.0066 NPR to CHF
CHF CHF NZD NZD 1.9802 CHF to NZD 0.505 NZD to CHF
CHF CHF PKR PKR 311.0384 CHF to PKR 0.0032 PKR to CHF
CHF CHF PGK PGK 4.5302 CHF to PGK 0.2207 PGK to CHF
CHF CHF PHP PHP 65.6256 CHF to PHP 0.0152 PHP to CHF
CHF CHF SCR SCR 15.8842 CHF to SCR 0.063 SCR to CHF
CHF CHF SGD SGD 1.515 CHF to SGD 0.6601 SGD to CHF
CHF CHF KRW KRW 1616.0715 CHF to KRW 0.0006 KRW to CHF
CHF CHF LKR LKR 327.3536 CHF to LKR 0.0031 LKR to CHF
CHF CHF TWD TWD 36.4055 CHF to TWD 0.0275 TWD to CHF
CHF CHF THB THB 38.5098 CHF to THB 0.026 THB to CHF
Updated: 2024-12-21
Convert from Convert to 1 CHF Conversion in currency Conversion
CHF CHF BHD BHD 0.4198 CHF to BHD 2.3818 BHD to CHF
CHF CHF EGP EGP 56.6937 CHF to EGP 0.0176 EGP to CHF
CHF CHF HKD HKD 8.6508 CHF to HKD 0.1156 HKD to CHF
CHF CHF ILS ILS 4.0628 CHF to ILS 0.2461 ILS to CHF
CHF CHF JOD JOD 0.7897 CHF to JOD 1.2663 JOD to CHF
CHF CHF KWD KWD 0.3429 CHF to KWD 2.9165 KWD to CHF
CHF CHF LBP LBP 100084.3968 CHF to LBP 0 LBP to CHF
CHF CHF OMR OMR 0.4286 CHF to OMR 2.3331 OMR to CHF
CHF CHF QAR QAR 4.079 CHF to QAR 0.2452 QAR to CHF
CHF CHF SAR SAR 4.1837 CHF to SAR 0.239 SAR to CHF
CHF CHF AED AED 4.0896 CHF to AED 0.2445 AED to CHF
CHF CHF YER YER 278.7504 CHF to YER 0.0036 YER to CHF
Updated: 2024-12-21
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CHF CHF DZD DZD 149.6515 CHF to DZD 0.0067 DZD to CHF
CHF CHF KES KES 144.7323 CHF to KES 0.0069 KES to CHF
CHF CHF MUR MUR 52.4266 CHF to MUR 0.0191 MUR to CHF
CHF CHF MAD MAD 11.2168 CHF to MAD 0.0892 MAD to CHF
CHF CHF NAD NAD 20.4284 CHF to NAD 0.049 NAD to CHF
CHF CHF NIO NIO 41.134 CHF to NIO 0.0243 NIO to CHF
CHF CHF NGN NGN 1732.8291 CHF to NGN 0.0006 NGN to CHF
CHF CHF SLL SLL 23345.7987 CHF to SLL 0 SLL to CHF
CHF CHF ZAR ZAR 20.5048 CHF to ZAR 0.0488 ZAR to CHF
CHF CHF TZS TZS 2644.1612 CHF to TZS 0.0004 TZS to CHF
CHF CHF TND TND 3.5621 CHF to TND 0.2807 TND to CHF
CHF CHF UGX UGX 4076.8785 CHF to UGX 0.0002 UGX to CHF
CHF CHF XOF XOF 704.685 CHF to XOF 0.0014 XOF to CHF
CHF CHF ZMK ZMK 10021.2854 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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