Currency · CHF · Fr.

Swiss franc (CHF)
exchange rate

The Swiss franc is the official currency of Switzerland and Liechtenstein, renowned worldwide as a safe-haven currency. Convert it at the real interbank rate, in real time, with a transparent margin from 0.40%.

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CHFISO code · ₣
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The Swiss franc in brief

The essentials about the Swiss franc (CHF)

The key facts about the world's great safe-haven currency, and how to convert it at the fair rate.

ISO code CHF, symbol ₣

Official currency of Switzerland and Liechtenstein. CHF stands for "Confoederatio Helvetica Franc".

Issued by the SNB

The Swiss National Bank conducts monetary policy with the aim of price stability.

Global safe-haven currency

Sought by investors in times of crisis. The EUR/CHF pair is closely watched in Switzerland.

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Our experts' analysis

The Swiss franc, the world's great
safe-haven currency.

The Swiss franc (CHF) holds a unique position on the foreign exchange market. Historically regarded as one of the strongest and most reliable currencies in the world, it plays the role of a global safe haven : in times of geopolitical uncertainty or economic turbulence, it tends to appreciate sharply.

The Swiss National Bank (SNB) watches this currency closely, particularly against the euro (the key EUR/CHF pair), because an overly strong franc penalises Swiss exports. For cross-border workers and SMEs, tracking these major macroeconomic movements helps to choose the right moment to secure their salary or supplier payment conversions.

CHF key facts
ISO codeCHF · ₣
Central bankSNB
Area of useSwitzerland & Liechtenstein
StatusSafe-haven currency
Monetary policy

The SNB's policy towards the Swiss franc

The Swiss National Bank (SNB) has as its primary mandate to ensure price stability while taking account of economic developments. Its role is crucial because of the franc's historic safe-haven status : in the event of a global crisis, investors buy CHF en masse, which sends its valuation soaring.

To counter an overvaluation that penalises the export industry and tourism, the SNB uses two major levers :

Interventions on the foreign exchange market

Massive purchases of foreign currencies (euros, dollars) to weaken the franc through the interplay of supply and demand, inflating the central bank's balance sheet.

Interest rates

A direct lever, pushed to unprecedented negative rates (down to -0.75%) for nearly eight years, to discourage the accumulation of deposits in francs.

With the return of global inflation, the SNB changed paradigm and tolerated a strong franc to fight "imported inflation", thereby protecting domestic purchasing power. Its decisions have a direct impact on the strength of the franc and the competitiveness of Swiss exporters.

History of the Swiss franc

The key dates of the last 30 years

1999

Creation of the euro

The single European currency is introduced. The SNB watches this new economic giant ; the exchange rate then floats around 1.60 CHF to 1 EUR.

2008

Financial crisis (subprimes)

Massive inflow of international capital towards the Swiss safe haven. The franc appreciates violently, forcing the SNB into aggressive rate cuts.

Sept. 2011

Introduction of the floor rate

Faced with the sovereign debt crisis and the overheating of the CHF, the SNB sets a floor rate of 1.20 CHF to 1 EUR, committing to buy euros without limit to defend it.

Jan. 2015

The "Francogeddon" shock

Surprise abandonment of the floor rate. The franc instantly surges by around 30% against the euro. The SNB then introduces a record negative policy rate of -0.75%.

2022

End of the negative rate era

To fight post-pandemic global inflation, the SNB carries out several consecutive hikes to normalise the cost of money.

2024

First rate cuts

With inflation back under control, the SNB is the first major central bank to cut its policy rate. Yet the CHF remains at record highs, below parity against the euro.

Today's rates

Our rates for the Swiss franc (CHF)

Indicative value for 1 unit, ibani margin included. Click a pair for its detail and history.

EURUSDGBPCADSGD
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Frequently asked questions

Frequently asked questions about the Swiss franc (CHF)

Always compare the rate offered with the real interbank rate (mid-market). A specialised online exchange service like ibani starts from this real rate and only adds a transparent margin from 0.40%, with no hidden fees, whereas a bank often applies a much wider spread. Compare with our rate comparison tool.

Switzerland's exceptional political and economic stability, combined with historically low inflation and the rigorous management of the Swiss National Bank (SNB), makes the Swiss franc (CHF) a currency that investors turn to in times of global crisis.

The Swiss franc is issued by the Swiss National Bank (SNB), which conducts the country's monetary policy with the aim of price stability. Its rate decisions and interventions on the foreign exchange market directly influence the value of the franc, particularly against the euro (EUR/CHF).

You can convert the Swiss franc (CHF) into the euro (EUR), the US dollar (USD), the pound sterling (GBP), the Canadian dollar (CAD) and the Singapore dollar (SGD), as well as other currencies such as the Turkish lira, the Japanese yen, the Norwegian and Swedish krona, the New Zealand dollar and the Hong Kong dollar.

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