Type of transactions
|FX Spot||FX Forward|
|Delivery date : J; J+1; J+2||Maximum maturity: 12 months|
|Liquidity: Good||Liquidity: Good|
EUR/CHF parity: liquidity schedules (GMT)
Did you know?
- The Swiss National Bank (SNB) is the central bank of the country: it conducts 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 in order 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 special restrictions on the purchase and sale of CHF.
The Swiss Franc is considered a safe 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.
|Holidays 2018 (subject to modifications)|
|New Year’s Day||1 January||Whitmonday||21 May|
|Easter Monday||2 April||National Day||1 August|
|Ascenscion Day||10 May||Christmas||25 December|