Currency Rates for Swiss Franc
Currency Exchange Rates for Swiss Franc. Currency Information on CHF for Switzerland – Fr. The foreign exchange currency code for CHF represents the Swiss Franc exchange rate.
Prior to 1798, there were 75 different establishments issuing coins for different currencies, this resulted in the circulation of over 860 different coins.
The Helvetic republic introduced the franc in 1798, which was equal to 1 ½ French francs. The franc was replaced in 1803, but returned once again in 1850, as the franc of the Swiss Confederation, one currency to replace the numerous coins in circulation, which had reached over 8,000.
Send Money Transfer to Switzerland. Coins are available in denominations of 5, 10, and 20 centimes, as well as ½, 1, 2, and 5 francs. Banknotes are in circulation in denominations of 10, 20, 50, 100, 200 and 1,000 francs.
GBP to CHF
The Swiss franc(HFC) was first distributed in the year 1798 by the Helvetic Republic. Before its use, Switzerland was using an estimated over 850 different currency coins that were being produced and distributed by over 75 establishments. In 1803, it was taken out of circulation but returned in 1850 named the Franc of the Swiss Confederation. It was meant to act as a single currency, replacing over 8000 different coins which were in circulation. In 1850, its value was equated to that of the French Franc.
In 1865, Switzerland joined the Latin Monetary Union which consisted of Italy, France, and Belgium whose aim was to unify a common currency for use in all member countries. The treaty did not work due to the fluctuation of silver and gold in member countries.
The Swiss franc has been stable in the past with the currency having a higher value than the dollar in the year 2008. In the period between 2003-2006, the Swiss Franc was stable against the Euro. The European Union has since termed it as a threat which led to its slump against major world currencies.
Swiss franc is currently recognized as the official Switzerland currency. Among all other European countries which used Francs, the Swiss franc is the only Franc still existing. Currently, Swiss Franc has both notes and coins. Issuing of coins is done by the Swiss Mint while the National Bank issues notes.
Swiss franc has coins of 0.5, 1, 2, 5, 10 and 20 in value. The notes range from 20, 50, 100, 200 and 1,00 units. The bill is a name that is used for the notes. Apart from Switzerland, Swiss Franc is accepted in other countries such as Campione d''Italia and Liechtenstein.
Switzerland in not part of the Euro hence the Swiss franc remains the currency in use. Swiss traders are not obliged to accept Euros, and if they accept, then the change given is usually in Swiss Franc. Most traders do however display product prices in Euros to enable price comparison by foreigners.
Bank Exchange Rates for Swiss Franc. The foreign exchange rates for Switzerland also known as the ISO code CHF. Send money transfer online with us with the cheapest options.