CHF - Swiss Franc
Convertible: Yes - Transferable: Yes - Exchange rate regime: Floating


Types of transaction

FX Spot FX Forward
Delivery date: T; T+1; T+2 Maximum maturity: 24 months
Liquidity: Good Liquidity: Good

EUR/CHF parity: liquidity schedules (GMT)

EUR/CHF parity: liquidity schedules (GMT)

Did you know?

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.

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.


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

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.

Payments in CHF to Switzerland

  • The IBAN format is mandatory.
  • Payment instructions must contain the full name of the beneficiary.
Public Holidays 2018 (subject to change)
New Year’s Day 1 January Whitmonday 21 May
Easter Monday 2 April National Day 1 August
Ascenscion Day 10 May Christmas 25 December