Swiss Currency – Winning With The Swiss Franc Exchange Rate

The Swiss currency is the franc and its abbreviation is CHF, although SF is also used quite often. The Swiss franc is also the currency in the Principality of Liechtenstein, located to the East of Switzerland. In German, the franc is called - Franken, in French – Franc, in Italian – Franco and in Romansh - Rap.

Like in many other national currencies, the Swiss franc consists of 100 units…

1 Franken 100 Rappen (German)1 Franc 100 Centimes (French)1 Franco 100 Centesimi (Italian) 1 Rap 100 Raps (Romansh)

The Swiss Coins

The Swiss coins are called centimes and range from 5, 10, 20 to 50 centimes and from 1, 2 and 5 francs. Today’s existing coins were introduced in 1850 to replace the currency issued by the cantons that consist within the Swiss Confederation.

There are Banknotes of 10, 20, 50, 100, 200, 1000 francs and coins of 1, 2 and 5 Francs as well as 5, 10, 20 and 50 Rappen or Centimes.

The 20-franc Vrenely is the most famous Swiss gold coin. It came on the market on the first time in 1897. Until 1949, the last year of issue, a total of 58,6 million copies of this popular coin were produced.

In the years 1911 to 1922, 2,6 million of 10-franc Vrenely and in 1925 5,000 100-franc Vrenely were sold.

You can purchase various Gold Vrenely at most Swiss banks and coins dealers close to the current gold price. There are exceptions like the very rare coins and collectibles such as the 100-franc Vrenely. For these coins, collecting prices are often paid.

The Financial Stability in Switzerland

Low inflation and high price stability makes the currency of Switzerland one of the most stable in the world. As you know, financial stability is a key requirement for the functioning of a national economy and for the effective application of a monetary policy.

In 2005, the Swiss currency was traded the fifth most often on world markets. Only the US Dollar, the British Pound, the Euro and the Japanese Yen currencies were traded more often.

In the world of finance, the currency of Switzerland is often used as an international benchmark. The Swiss cities of Zurich, Lugano and Geneva are one of Europe’s main centres for banking activities and foreign currency trading.

Swiss Franc Exchange Rate

Most Swiss hotels, restaurants, shops and transport companies accept the Euro. However, the rate is usually higher than what the banks charge. When arriving at the International airport of Zurich, Geneva or Basel/Mulhouse, you can either obtain Swiss Francs at the banks, at the train stations, or from ATMs. Personal cheques only within the Euro cheque system are accepted.

Do you want to participate at the Swiss Forex Market? Switzerland’s no taxes on capital gains and offshore financial services legislation (superior, modern) is ideal to trade foreign or Swiss currency. For more on Forex Brokers in Switzerland to open a Free Demo Account or to open a Live account, click here.

Swiss Currency Restriction

There are no restrictions on the import or export of foreign or Swiss currency.

Credit & Debit Cards and Traveller’s Cheques

When travelling in Switzerland, all major credit cards such as Visa, Master Card, American Express and Diners Club are widely accepted. You may want to check with your Credit or Debit Card Company for the complete details of merchant acceptability and other facilities available in Switzerland.

If you find this page on the Swiss Currency useful, you may also want to have a look at…

Swiss Wealth Management… Swiss Wealth Management - How to benefit from private Swiss banking!

Swiss Bank Accounts… Swiss Bank Accounts - Discover how to open a Swiss bank account

Offshore Corporation… Why protecting your assets becomes increasingly important for you through forming an Offshore Corporation

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