Wise gives you the real, mid-market, exchange rate, so you can make huge savings on your international money transfers. The Konkordanzbatzen among the Swiss cantons agreeing on an exclusive issue of currency in francs and batzen failed to replace the over 8,000 different coins and notes in circulation. Despite introduction of the first Swiss franc, the South German kronenthaler became the more desirable coin to use in the 19th century, and it was still quoted in pre-1798 currency equivalents.
Is the Swiss Franc Stronger Than the U.S. Dollar?
The USD/CHF rate shows how many CHF it takes to buy one USD, but a traveler heading to Switzerland may want to know how many U.S. dollars it takes to buy one CHF. The USD/CHF tends to have a negative correlation with the EUR/USD (euro/USD) and GBP/USD (British pound/USD) currency pairs. This is due to the positive correlation of the euro, Swiss franc, and the British pound. The franc is the currency of both Switzerland and Liechtenstein. Its name in the four official languages of Switzerland is Franken (German), franc (French and Rhaeto-Romanic), and franco (Italian). The Swiss franc was worth $1.1664 U.S. dollars as of October 2024.
All Swiss franc Exchange Rates
The franc is represented by the sign ‘Fr’ or ‘SFr’ or ‘FS’, and its currency code is CHF. The Swiss franc is fiat currency, and its conversion factor has 6 significant digits. The Swiss franc is called franken in German, the franc in French and Romansh, and the franco in Italian. The Swiss franc is a safe haven currency, meaning in times of global economic stress or high volatility the franc will often appreciate.
Nine series of banknotes have been printed by the Swiss National Bank, seven of which have been released for use by the general public, the fourth and seventh being reserved and never issued. Banks and traditional providers often have extra costs, which they pass to you by marking up the exchange rate. Our smart tech means we’re more efficient – which means you get a great rate. The CHF and USD can be traded 24×5, starting from the time markets open on Monday mornings in Sydney until they close on Fridays at 5 PM in New York.
For example, when the Fed intervenes in open market operations to make the U.S. dollar stronger, the value of the USD/CHF could increase, due to a strengthening of the U.S. dollar when compared to the Swiss franc. CHF is the unique currency code for the Swiss franc, and USD is the currency code for the U.S. dollar. Currencies are quoted in pairs, revealing how much of one currency it costs to buy the other. USD/CHF is the currency pair of the U.S. dollar and Swiss franc. The currency pair shows how many Swiss francs (the quote currency) are needed to purchase one U.S. dollar (the base currency). Trading the USD/CHF currency pair is also known as trading the «Swissie.»
The Swiss franc, ranked as the seventh most traded currency in the world, has gained in popularity mainly due to being a safe-haven currency. Therefore, many governments and financial institutions hold CHF as a hedge against instability in many types of investments and markets. The U.S. dollar is the currency most used in international transactions. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity. All banknotes are quadrilingual, displaying all information in the four national languages.
Live CHF to USD Currency Converter
- The currency code for Francs is CHF, and the currency symbol is CHF.
- The Swiss franc has long been regarded as a safe haven asset by investors due to the stability of the Swiss economy, particularly those worried about the turmoil in larger markets.
- Our smart tech means we’re more efficient – which means you get a great rate.
- Our information is trusted by millions of users across the globe each month .
- Between the start of 2007 and mid-2008 the USD fell against the CHF, although as the selling in the U.S. stock market escalated in late 2008, more investors started flowing back into the USD, viewing it as a relatively safer bet than the CHF.
- Switzerland adopted the gold standard in 1865 as a member of the Latin Monetary Union, legally maintaining it until 2000.
The rapid plunge caused massive upheaval in the currency markets as many global forex brokers went bankrupt or required a bailout because of trader losses. The incident caused widespread reform, mainly the lowering of leverage available in many countries. The currency market, also known as the foreign exchange market or forex, is the largest financial market in the world.
Understanding USD/CHF (U.S. Dollar/Swiss Franc)
In 1798, the Helvetic Republic adopted a new monetary structure, which was based on the Berne thaler and was equivalent to six grams and three-quarters weight of pure silver. The franc stayed in circulation until the Helvetic Republic ended in 1803 but remained a base for the currencies of several member states of the Reformed Swiss Confederation. The Swiss franc refers to Switzerland’s national currency and is represented by ISO code CHF. It was formally recognized as Switzerland’s currency in May 1850, replacing many currencies provided by its numerous member states.
The French écu was valued at 2+1⁄2 gulden, while the kronenthaler was valued at 2+18⁄40 gulden; see Zürich thaler and Schwyz gulden. On the other hand, the central Swiss cantons of Luzern, Uri, Zug and Unterwalden maintained a weaker gulden vs the South German gulden. The French écu was valued at 3 what is chf currency gulden, while the kronenthaler was valued at 2+37⁄40 gulden (see Luzern gulden). The Swiss franc,c or simply the franc,d is the currency and legal tender of Switzerland and Liechtenstein. It is also legal tender in the Italian exclave of Campione d’Italia which is surrounded by Swiss territory.12 The Swiss National Bank (SNB) issues banknotes and the federal mint Swissmint issues coins. They add hidden markups to their exchange rates – charging you more without your knowledge.
