The real CHF/GBP rate
The interbank (mid-market) rate, with no inflated margin hidden in the displayed rate.
Change your Swiss francs (CHF) into British pounds (GBP) at the real interbank rate, in real time. Perfect for paying in the United Kingdom, funding a property purchase, studies or your British suppliers, with a margin from 0.40% and no hidden fees.
The essentials to change your CHF into GBP with no nasty surprises on the rate or the fees.
The interbank (mid-market) rate, with no inflated margin hidden in the displayed rate.
Transparent and sliding, up to 10× cheaper than a bank. No hidden fees.
Deposit your Swiss francs into an IBAN in your name, converted into British pounds at the real rate.
ibani SA, founded in Geneva in 2018, a financial intermediary affiliated with SO-FIT, recognised by FINMA.
On a CHF 5'000 exchange into British pounds, the margin applied to the rate makes all the difference.
| Criterion | ibani | Bank | Exchange office |
|---|---|---|---|
| Starting rate | Real interbank | "In-house" rate | "In-house" rate |
| Exchange margin | From 0.40% | ~1.5 to 2% | Often > 2% |
| Transfer fees | CHF 0 | Variable | — |
| Estimated annual cost* | ~CHF 240 | ~CHF 900 | > CHF 1'000 |
| 100% digital tracking | Yes | Partial | No |
*Indicative orders of magnitude for a CHF 5'000/month exchange over 1 year. See the details on our Rates page.
Follow the pair's trend to choose the right moment for your exchange.
Indicative amounts, ibani margin included, updated continuously.
100% digital sign-up in 5 minutes, with no opening or account maintenance fees.
Deposit your CHF into your personal ibani Swiss IBAN, in your name.
ibani converts your CHF into GBP at the market rate and transfers the pounds to the British account of your choice.
The rate between the Swiss franc (CHF) and the British pound (GBP) is one of the most eventful pairs in Europe. Its dynamic pits two central banks with different trajectories against each other : the Swiss National Bank (SNB) and the Bank of England (BoE).
The CHF plays the role of a safe-haven currency : in times of uncertainty, investors buy Swiss francs, supported by the stability of the Swiss economy and the SNB's rigorous policy against imported inflation. The British pound, on the other hand, is more sensitive to the UK's economic and political cycle : Bank of England decisions on key rates, inflation, growth and the UK's economic climate.
Reference points : the June 2016 Brexit referendum caused a historic fall in the pound, strengthening the appeal of the CHF. Since then, the CHF/GBP pair remains highly reactive to rate gaps between the SNB and the BoE and to British economic announcements : a volatile context where monitoring the real rate before exchanging makes complete sense.
Read also: our guides on how to lock in a favourable rate and calculate an exchange rate.
Written by Brice Delhome.
There is no universally ideal moment. The CHF/GBP rate is one of the most volatile in Europe: it reacts to decisions by the SNB and the Bank of England (BoE), as well as to British political and economic news. The Swiss franc, a safe-haven currency, tends to appreciate against the pound in times of uncertainty. Monitor the real rate continuously and trigger your exchange at the moment that suits you.
With ibani, you open an account with a personal Swiss (CH) IBAN. You deposit your CHF into it, then ibani converts them into British pounds at the real market rate and transfers the GBP to the beneficiary account in the United Kingdom of your choice, with no hidden fees. Ideal for a property purchase, studies or paying British suppliers.
The British pound is a currency sensitive to the UK's political and monetary context: Brexit, Bank of England decisions on rates, inflation and UK growth. The Swiss franc, by contrast, benefits from the stability of the Swiss economy and its safe-haven status. This difference in profile explains the strong swings in the CHF/GBP pair.
ibani applies a transparent margin from 0.40% on the real interbank rate, decreasing with amounts. There are no opening or account maintenance fees. It's up to 10× cheaper than a traditional bank. See the details on the Rates page.
✓ Real interbank rate · ✓ Margin from 0.40% · ✓ Affiliated with SO-FIT (SRO)
* Transfers in currencies other than EUR and CHF may be subject to correspondent bank fees.
Your money is handled with the utmost regulatory rigour.
ibani SA is a FinTech company established since 2018 in the heart of Geneva, Switzerland. We are a financial intermediary audited for our activity, with thousands of clients and exchange operations to our name.
ibani SA is affiliated with SO-FIT as a financial intermediary within the meaning of Article 2 para. 3 of the Anti-Money Laundering Act (AMLA). SO-FIT is a self-regulatory organisation recognised by the Swiss Financial Market Supervisory Authority (FINMA).