1 Swiss Franc to United Arab Emirates Dirhams

Find the daily exchange rates for CHF/AED and for all the top World currencies.

Countries That Use Swiss Franc (CHF) as their official currency

The Swiss Franc (CHF) is used as the main currency in the following countries: Switzerland

Countries That Use United Arab Emirates Dirham (AED) as their official currency

The United Arab Emirates Dirham (United Arab Emirates Dirham) is used as the main currency in the following countries: United Arab Emirates

About The Swiss Franc (AED)

The AED - United Arab Emirates Dirham - is the official currency of the United Arab Emirates (UAE), a federation of seven emirates located in the Arabian Peninsula. Commonly represented by the symbol 'د.إ' or 'DH,' the Dirham is abbreviated as AED, which stands for 'Arab Emirates Dirham.' Each Dirham is subdivided into 100 smaller units called 'fils.' The currency holds great importance in the UAE’s economic development and symbolizes the country’s rapid transformation into a modern, diversified economy.

The Dirham was introduced on May 19, 1973, replacing the Bahraini Dinar and the Qatari and Dubai Riyal, which were previously used in various parts of the UAE. The introduction of the Dirham unified the country's currency system, providing consistency across all seven emirates: Abu Dhabi, Dubai, Sharjah, Ajman, Fujairah, Ras Al Khaimah, and Umm Al Quwain. This change played a critical role in supporting the UAE's economic growth during the oil boom of the 1970s.

The name 'Dirham' is derived from the Greek word 'drachma,' which was historically used across the Arabian Peninsula due to ancient trade routes. The Dirham is often linked to the historical influence of trading with Greece, and it reflects the deep-rooted economic history of the region.

The UAE Dirham is pegged to the US Dollar at a rate of approximately 3.6725 AED to 1 USD, a peg that has been in place since 1997. This fixed exchange rate has provided the UAE with monetary stability, especially important given the country’s role as a global business hub. The peg to the US Dollar supports investor confidence and helps the UAE maintain stable financial markets, particularly given its heavy involvement in international trade, tourism, and finance.

In terms of currency circulation, the Dirham comes in both coin and banknote forms. Coins are issued in denominations of 1, 5, 10, 25, and 50 fils, as well as 1 Dirham, while banknotes range from 5 to 1000 Dirhams. The banknotes feature iconic landmarks and symbols of the UAE, such as the Sheikh Zayed Grand Mosque, the Burj Khalifa, and traditional cultural elements like the Dallah (Arabian coffee pot). These images reflect the UAE's blend of tradition and modernity.

The AED is widely used throughout the UAE, and its stability and reliability have contributed to the country’s rapid economic growth, making it a major financial center in the Middle East. The Dirham is also used by tourists, foreign workers, and investors, which has helped the currency maintain a significant presence beyond the UAE’s borders. The UAE’s commitment to economic diversification, along with its robust financial sector, has ensured that the Dirham remains a strong and stable currency in the global market.

As the UAE continues its ambitious development projects, the Dirham will play a crucial role in facilitating trade, tourism, and investment in the country, reflecting the UAE's dynamic and resilient economy.

About The Swiss Franc (CHF)

The CHF - Swiss Franc - is the official currency of Switzerland and Liechtenstein, and it is symbolized by 'CHF' or the familiar symbol 'Fr.' The Swiss Franc is one of the most stable and trusted currencies in the world, often seen as a safe haven by investors due to Switzerland’s political neutrality, strong economy, and prudent financial policies. The Franc is subdivided into 100 'rappen' in German or 'centimes' in French, reflecting the multilingual nature of Switzerland. The CHF is also used in the Italian exclave Campione d'Italia, further cementing its importance beyond the borders of Switzerland.

The modern Swiss Franc was introduced in 1850, following the formation of the modern Swiss Confederation in 1848. At the time, Switzerland had a variety of regional currencies, which created confusion and inefficiencies in trade. The creation of the Swiss Franc brought a unified currency to the country, simplifying commerce and enhancing economic cohesion. Initially, the Franc was pegged to both the French Franc and later to gold, ensuring its stability and acceptance. Over time, the Swiss Franc has evolved, becoming fully decoupled from gold in 2000, and is now a free-floating currency.

The Swiss Franc is often regarded as a safe-haven currency, particularly during periods of economic uncertainty. This reputation is largely due to Switzerland's political neutrality, low inflation rates, and robust financial sector. The Swiss National Bank (SNB), the country’s central bank, plays a vital role in managing the stability of the CHF, focusing on maintaining low inflation and ensuring financial stability. The SNB's policies are often viewed as conservative and carefully managed, contributing to the stability and strength of the Franc.

The CHF is issued in both coins and banknotes, reflecting Switzerland’s cultural diversity and historical richness. Coins are available in denominations of 5, 10, 20, and 50 rappen, as well as 1, 2, and 5 Francs. Banknotes come in values of 10, 20, 50, 100, 200, and 1,000 Francs, each featuring notable figures from Switzerland’s contributions to the arts, sciences, and society, such as architect Le Corbusier and art historian Jacob Burckhardt. The current series of banknotes also showcases themes like time, light, and water, symbolizing Switzerland's commitment to innovation, sustainability, and knowledge.

The Swiss economy is characterized by its high degree of sophistication, with leading industries such as finance, pharmaceuticals, precision manufacturing, and luxury goods. The stability of the Swiss Franc plays an essential role in supporting these industries, particularly the banking and finance sector, which is well-known for its discretion and reliability. The strength of the CHF is also significant for international trade; Switzerland is a key player in the export of high-quality goods like watches, medical instruments, and specialty chemicals. This export-oriented economy benefits from a stable currency that maintains purchasing power both domestically and abroad.

Tourists visiting Switzerland will use the Swiss Franc for all transactions, from the picturesque mountain villages to the bustling cities of Zurich and Geneva. The CHF is synonymous with quality, stability, and trust, embodying the values that Switzerland is known for globally. The Swiss Franc also finds use in neighboring countries for cross-border trade, reflecting the deep economic ties Switzerland maintains with the European Union, despite not being a member of the EU.

The Swiss Franc's enduring stability and strength have made it a favored currency for investors during turbulent times. Its resilience is a testament to the sound economic policies of Switzerland and the trust placed in its financial institutions. As Switzerland continues to innovate and lead in various sectors, the CHF will remain a crucial part of the country’s identity and a symbol of economic reliability and precision.

Swiss Franc (CHF) Frequently Used Conversions