Swiss Franc

CHF

  • Convertible: Yes
  • Transferable: Yes
  • Exchange rate regime: Floating
Currency Reference Centre

EUR/CHF

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Transaction Types

FX SPOT
Delivery date: T; T+1; T+2
Liquidity: High
FX FORWARD
Maximum maturity: 24 months
Liquidity: High

Did You Know?

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Monetary policy

  • The Swiss National Bank (SNB) is the Central Bank of Switzerland. It is responsible for the country’s monetary policy, and its objective is to ensure price stability while taking into account changing economic conditions.
  • Price setting method: the floating exchange rate is described as supervised”. The SNB reserves the right to intervene on the spot to influence the CHF’s exchange rate against the main currencies.
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Features and highlights

  • In 2011, the SNB decided to limit the appreciation of its currency, perceived at the time as a threat to the Swiss economy. A floor was set at 1.20 on the EUR/CHF parity.
  • In January 2015, the SNB abruptly ended this fixed exchange rate regime, causing a sharp appreciation of the CHF.
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Expert opinion

  • The Swiss Franc is considered a haven for market operators, which means that it tends to appreciate in times of financial or international stress.
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Regulations

There are no particular restrictions on the purchase and sale of CHF.

Important Information

PAYMENTS IN CHF TO SWITZERLAND

The IBAN format is mandatory. Payment instructions must contain:

  • The full name of the beneficiary.

Keep In Mind

Public Holidays

New Year's Day 1 Jan
Ascension Day 10 May
National Day 1 Aug
Easter Monday 2 Apr
Whitmonday 21 May
Christmas 25 Dec

When a holiday falls on a weekend, the next business day becomes a holiday

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Currency Reference Guide

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