BookMyForex compares Swiss Franc rates across hundreds of banks and forex companies in your area, helping you discover the best rate for your forex requirements.
1 CHF = 97.5508 INR Interbank/ mid-market Rate at: 15-10-2024 16:00:15
Buy CHF Forex Card | ₹97.8108 |
Sell CHF Forex Card | ₹96.7589 |
Buy CHF Wire Transfer | ₹98.1337 |
Buy CHF Currency Notes | ₹99.3067 |
Sell CHF Currency Notes | ₹97.314 |
The Swiss Franc is Switzerland's official currency, identified by the ISO code CHF. It became the official currency of Switzerland in May 1850, replacing various other currencies issued by its different member states. The abbreviation CHF stands for Confoederatio Helvetica franc, with Confoederatio Helvetica being the Latin term for the Swiss Confederation. It remains the sole franc in circulation in Europe, as other countries that once used franc-denominated currencies have transitioned to the euro.
CHF Stats | CHF Profile |
Name: | Swiss Franc |
Nickname: | Stutz, Stei, Eier, Chuffs |
Symbol: | CHF, Fr, SFr‎ |
Date of Introduction: | April 21, 1850; 173 years ago |
CHF Currency in Circulation: | CHF 860 billion |
Banknotes: | Freq Used: CHF 10, 20, 50, 100, 200 Rarely Used: CHF 500, 1000 |
Banknotes Made of: | Polymer |
Current CHF Coins: | 5 Rp, 10 Rp, 20 Rp, 50 Rp, 1 Fr., 2 Fr. |
Coins Made of: | Nickel-plated steel, Bi-metallic, Silver |
Countries using CHF | Switzerland, Liechtenstein, Campione d'Italia, Buchschachen district |
The Swiss franc (CHF) has undergone significant changes, transitioning to a floating exchange rate system and establishing itself as a resilient and sought-after currency in the global economic landscape. Here is the historical overview of Swiss Franc currency:
Until 1798, approximately 75 entities in Switzerland used to produce coins, resulting in 860 different types of currency with varying denominations, weights, and structures. These included coins from cities like Bern, Basel, Zurich, and Geneva.
In 1798, the Helvetic Republic introduced a new monetary system based on the Berne thaler, equivalent to six grams and three-quarters of pure silver. This circulated until 1803, serving as a basis for currencies in several member states of the Reformed Swiss Confederation.
In 1848, the Swiss Federal Constitution mandated that only the federal government could issue currency. The first federal monetary law, enacted in 1850, defined the Swiss franc as the official monetary unit. It was introduced simultaneously with the French franc.
From 1865 to the 1920s, Switzerland, along with France, Belgium, and Italy, formed the Latin Monetary Union, linking their currencies to the value of silver. The Swiss franc was also part of the Bretton Woods exchange rate scheme after World War II, lasting until the early 1970s. Until May 2000, the CHF exchange rate was tied to the price of gold.
After May 2000, Switzerland transitioned to a floating exchange rate system, decoupling the Swiss franc (CHF) from the price of gold. Unlike the previous fixed exchange rate regimes, the value of the Swiss franc became determined by market forces supply and demand in the foreign exchange market.
The Swiss National Bank (SNB) plays a key role in managing the Swiss franc's monetary policy. Over the years, they have consistently emphasized economic stability and prudent fiscal management, contributing to the Swiss franc's resilience in the international financial landscape.
The Swiss franc has maintained its status as a key global currency. Its stability and reputation have contributed to the Swiss franc being considered a safe-haven currency, sought after by investors during times of economic uncertainty.
The Swiss Franc (CHF) holds a significant position in the global financial landscape due to the Swiss Central Bank's commitment to a zero-inflation policy and Switzerland's steadfast political independence. Known for its stability, the CHF became particularly strong during times of political and economic uncertainty, especially during the 2008 European debt crisis.
The Swiss franc is actively traded on both the foreign exchange and futures markets. While its most popular pairing is with the euro, it is also exchanged against major currencies such as the US dollar, the British pound, and the Japanese yen. Switzerland's low-interest rate environment attracts investors who leverage the CHF to borrow at lower rates, subsequently investing in higher-yielding assets and other global currencies.
1. Issued by the Swiss National Bank (SNB), the Swiss Franc currency comes in both banknotes and coins.
2. One Swiss Franc is divided into 100 centimes, with coins available in denominations of 5, 10, and 20 centimes, ½ franc (50 centimes), 1, 2, and 5 francs.Â
3. These coins, featuring Lady Liberty or iconic Swiss motifs, cater to smaller purchases and everyday transactions.Â
4. Swiss Franc banknotes are printed on durable polymer which not only enhances longevity but also incorporates advanced security features to combat counterfeiting.
5. Current Swiss Franc banknotes come in 5 denominations: 10, 20, 50, 100, and 200 francs (1000 franc note discontinued).
6. Each denomination features a unique Swiss theme and prominent landmark, offering a visual journey through the country's diverse beauty.
7. The 1000-franc note, once the highest denomination, was discontinued in October 2023 due to limited use.Â
8. The current 9th series, introduced between 2016 and 2019, also showcases a vibrant array of designs.
9. Advanced anti-counterfeiting elements like watermarks, holograms, and microprinting ensure the CHF's integrity.
To distinguish genuine Swiss Franc notes from counterfeit ones, several key methods can be employed. For instance, authentic 100-franc notes have distinct raised lines along their edges. Under UV light, the genuine note displays a vibrant globe while maintaining a muted appearance elsewhere. Micro lettering on the Swiss flag becomes apparent when examined with a magnifying glass, featuring black writing on a white background and vice versa.
Tiny specks of color are visible under UV light which further confirms the authenticity of the note. When checked under an infrared lens, the banknote has a distinctive shift in appearance. Also, clear Swiss cross perforations are evident when holding the note up to the light. By using these ways, individuals can effectively spot counterfeit Swiss Franc notes and ensure the integrity of their currency.
The measurement of the value of the Swiss Franc (CHF) is effectively conducted through the CHF Index, a valuable tool for assessing its relative strength against other currencies. This index serves as a comprehensive gauge, reflecting the performance of the CHF in comparison to a basket of other major currencies.Â
The CHF Index offers a clear perspective on the performance of the Swiss Franc, providing valuable insights into its relative value against a diverse range of international currencies. This tool proves crucial for traders, policymakers, and analysts seeking a comprehensive understanding of the CHF’s performance against other currencies.
Here are a few key points about the Swiss Franc Index:
1. The CHF Index considers a diverse basket of major currencies, offering a well-rounded assessment of the CHF’s performance.
2. A rising CHF Index indicates a strengthening position of the Swiss Franc concerning the other currencies included in the index.Â
3. This signifies a favorable trend, showcasing increased purchasing power and competitiveness in the global economic landscape.Â
4. On the contrary, a declining CHF Index signals a weakening position of the CHF relative to the other currencies within the index.Â
5. This scenario may imply reduced purchasing power and a diminished standing compared to its counterparts.
You can buy or sell CHF online at the best rates with BookMyForex, a leading forex platform in India. On our site, you will find the live & transparent CHF rates as the rates get updated every 3 seconds. You get the following benefits when buying or selling CHF:Â
1. BookMyForex offers the best rate for CHF to INR, or vice versa
2. You can place your order online 24x7 at live rates
3. Rates are compared across hundreds of money changers in your area
4. Same-day delivery of CHF currency notes is available
5. Freeze your desired rates for up to 3 days by paying a refundable deposit of 2%
The Swiss Franc is the currency of the Switzerland. The currency code for Swiss Franc is "CHF". Click below to get more details and facts about Swiss Franc, its ranking & rates.
Click below to check live CHF rates on BookMyForex.com. Easily place orders online to buy or sell CHF at real-time and transparent exchange rates for accurate currency conversion.
More infoThe Swiss Franc is the currency of the Switzerland. The currency code for Swiss Franc is "CHF". Click below to get more details and facts about Swiss Franc, its ranking & rates.
BookMyForex.com is the best platform in India to convert CHF to INR. Click below to instantly convert CHF to INR at the best exchange rate.
More infoThe Swiss Franc is the currency of the Switzerland. The currency code for Swiss Franc is "CHF". Click below to get more details and facts about Swiss Franc, its ranking & rates.
Make informed decisions about currency exchange. Click below to check CHF to INR forecast rates for the next 7 days, 30 days, and 90 days.
More infoCHF to INR forecast derived from the thorough analysis of CHF to INR exchange rate via moving averages, buy/sell signals & expert chart indicators. Click below to get a detailed CHF to INR forecast.
Analyze past trends with our comprehensive historical rate chart. Click below to check the CHF to INR rate chart for today, the last 7 days, the last 30 days, and the last 1 year.
More infoSelect the product and currency you want.
Enter traveler details and purpose.
Upload necessary documents depending upon the purpose elected.
Make payment at blocked rate & get order confirmation.
With our fully online remittance process in place, you will be able to transfer funds abroad at the lowest rates possible in from the comfort of your home. We let you book at live and transparent rates unlike other platforms and process the transfers in the fastest time possible.
Send Money AbroadExchange foreign currency at best rates only on BookMyForex. Book your forex order at absolutely live rates in and get the deal of a lifetime. Freeze the currency rates if you think it will rise. At BookMyForex, we scan forex rates in your area nearby among 100s of banks and money changers & help you to get the best deal possible.
Buy/Sell Foreign CurrencyLooking to travel abroad? Get your BookMyForex travel card in and be assured of a hassle-free experience. Simply swipe your card to buy food, clothes, pay for your hotel accommodation and what not. Get even better rates on your BookMyForex travel card than foreign currency notes. What are you waiting for?
Buy Prepaid Forex CardEnjoy added benefits and wave goodbye all your Forex woes by downloading our mobile app
Exchanged so far
Happy Customers
Banks and Money Exchangers
Hassle Free Inter country currency exchange services with best conversion rates. Very Prompt & Proactive. Got a Card delivered for my Son at my doorstep the next day morning itself. Wire Transfer services work so well in a limited period of time. Extra- Ordinary Services and Highly Recommendable.
Through the four years of my son studying abroad, I used Bookmyforex as the sole forex provider. With the best rates in India and exemplary service, I always felt I got the best of both worlds - a premium service at the best possible cost. Would recommend this highly to anyone who has forex needs.
I had heard of Book my forex through a friend of mine in 2019 when my daughter took admission in York University Toronto Canada. But I was a little reluctant back then to use the services from an unknown company. Came lockdown 2020 and I was in a complete mess as I had to deposit daughters tuition fees again and was reluctant to go to any of the banks in person. So this time I decided to use Book my forex services and it was flawless. I need not be going out of my house at all. All things went so smoothly on mobile and internet. I would recommend Book my forex for fees transfers to foreign universities and all forex requirements.
I have transferred money to my son, studying abroad, many times in the last two years, through Bookmyforex. Bookmyforex is very safe, reliable, and very fast in wire transfer. Bookmyforex is charging a very nominal exchange rate. I believe that Bookmyforex is the real HERO in wire transfer.
Recently my father had to remit some money to UK for my studies. Our regular bank, made my father visit twice personally for the remittance of my college fees, without any success. However, I discovered BookMyForex which proved to be much easy, homely comfortable, hassle-free, dedicated resolutions and prompt process. So far, my father has transacted at four occasions over the past three months for different forex services and every time we find the team to be as cordial, accommodating, prompt and dedicated as in the first place. Above all, the best rates and immediate prompts for every step in the process of remittance, so that you know the status in real-time. Excellent and dedicated customer service. I highly recommend utilizing BMF services. I am sure you won't go anywhere else afterward.
I would like to thank Bookmyforex for a quick and prompt response. Bookmyforex helped me transferring the money to the Netherlands easily without me having to visit the nearby bank for verification. They also provide the best transfer rate when compared to the other banks and services. I would strongly recommend anyone who would like to use Forex services. The services are quick, reliant, and convenient. Their customer service is exceptional, and they will guide you through the whole process. I found Bookmyforex to be the best option to perform outward remittances."