1 Swiss Franc to New Zealand Dollars

Find the daily exchange rates for CHF/NZD 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 New Zealand Dollar (NZD) as their official currency

The New Zealand Dollar (New Zealand Dollar) is used as the main currency in the following countries: Cook Islands, New Zealand, Niue, Pitcairn Islands

About The Swiss Franc (NZD)

The NZD - New Zealand Dollar - is the official currency of New Zealand, as well as the Cook Islands, Niue, Tokelau, and the Pitcairn Islands. The New Zealand Dollar is symbolized by '$' or 'NZ$' to distinguish it from other dollar-denominated currencies and is abbreviated as 'NZD.' It is also colloquially known as the 'Kiwi Dollar,' in reference to the kiwi bird, a national symbol of New Zealand. The NZD is subdivided into 100 cents and plays a crucial role in supporting the country's diverse economy, known for its agriculture, tourism, and services sectors.

The New Zealand Dollar was introduced in 1967, replacing the New Zealand Pound at a rate of two dollars per pound as part of a move towards decimalization. This transition aligned New Zealand's currency system with many other countries that had already adopted decimal-based systems. Since its introduction, the NZD has evolved to become one of the most traded currencies in the world, particularly among commodity-linked currencies. The strength of the New Zealand Dollar reflects the country’s economic resilience, stable financial system, and strong trade relationships with major economies, particularly Australia, China, and the United States.

The Reserve Bank of New Zealand (RBNZ) is the central bank responsible for issuing the New Zealand Dollar and managing the country's monetary policy. Established in 1934, the RBNZ plays a key role in maintaining price stability, managing inflation, and promoting sustainable economic growth. The central bank sets interest rates and oversees the financial system to ensure that the NZD remains stable and trusted. The NZD is a free-floating currency, with its value determined by supply and demand in the global foreign exchange market. The Reserve Bank also intervenes in the forex market when necessary to stabilize the currency during periods of excessive volatility.

The New Zealand Dollar is issued in both coin and banknote forms. Coins are available in denominations of 10, 20, and 50 cents, as well as 1 and 2 dollars. Banknotes are issued in denominations of 5, 10, 20, 50, and 100 dollars. The banknotes feature notable figures from New Zealand’s history, including Sir Edmund Hillary, the first person to reach the summit of Mount Everest, and Kate Sheppard, a leader in the women's suffrage movement. The reverse sides of the banknotes include imagery depicting New Zealand's unique flora, fauna, and natural landmarks, such as the yellow-eyed penguin and Mount Cook. The banknotes are made from polymer and include advanced security features, making them durable and resistant to counterfeiting.

New Zealand’s economy is diverse and heavily reliant on agriculture, with key exports including dairy, meat, and wine. Tourism is also a major contributor to the economy, with millions of visitors attracted each year by New Zealand's breathtaking landscapes, adventure activities, and rich cultural heritage. The New Zealand Dollar plays an essential role in supporting these industries, facilitating both domestic trade and international exports. The NZD is often influenced by global commodity prices, particularly dairy, as New Zealand is one of the world’s largest dairy exporters. Its value is also impacted by economic data, interest rate decisions, and global trade dynamics.

The New Zealand Dollar is used throughout New Zealand for all types of transactions, from everyday purchases at local markets to large business transactions in major cities like Auckland and Wellington. Tourists visiting New Zealand will use the NZD for their travel expenses, including exploring popular destinations like Milford Sound, Rotorua’s geothermal wonders, and the vibrant city life of Queenstown. The NZD serves as a practical currency for day-to-day life and a symbol of New Zealand’s natural beauty, cultural identity, and economic independence.

Despite being a relatively small economy, New Zealand has a significant place in global trade, and the New Zealand Dollar is an important part of the international financial system. The country’s stable political environment, transparent regulatory framework, and emphasis on sustainability have helped the NZD maintain its value and attractiveness to investors. As New Zealand continues to develop its economy, with a focus on innovation, green energy, and sustainable growth, the New Zealand Dollar remains a symbol of the country's resilience, progress, and commitment to maintaining a prosperous and open 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