1 Euro to Swiss Francs

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

Countries That Use Euro (EUR) as their official currency

The Euro (EUR) is used as the main currency in the following countries: Akrotiri and Dhekelia, Andorra, Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Kosovo, Latvia, Luxembourg, Malta, Monaco, Montenegro, Portugal, San Marino, Slovakia, SloveniaSpain, Vatican City, Netherlands

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

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

About The Euro (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.

About The Euro (EUR)

The EUR - Euro - is the official currency of the Eurozone, which consists of 20 of the 27 member states of the European Union (EU). It is symbolized by '€' and is abbreviated as 'EUR.' The Euro is the second most traded currency in the world, after the US Dollar, and is used by over 340 million people across Europe. The Euro plays a crucial role in unifying European economies, promoting trade, and providing financial stability across the member nations. The name 'Euro' was officially adopted in 1995, and the currency was introduced in 1999 for electronic transactions, with physical banknotes and coins entering circulation in 2002.

The introduction of the Euro marked a significant step toward European integration, enabling easier trade and travel between member countries. It replaced national currencies such as the Deutsche Mark, French Franc, Italian Lira, and Spanish Peseta, among others. The adoption of a single currency aimed to eliminate exchange rate fluctuations, reduce transaction costs, and strengthen economic ties within the European Union. The Euro is managed by the European Central Bank (ECB), which works alongside the national central banks of the Eurozone countries to formulate and implement monetary policy, maintain price stability, and support economic growth.

The Euro is issued in both coin and banknote forms, each of which is uniform across the Eurozone. Coins are available in denominations of 1, 2, 5, 10, 20, and 50 cents, as well as 1 and 2 Euro coins. Each coin has a common European design on one side and a country-specific design on the other, reflecting both unity and the unique national identities of the member countries. Banknotes are issued in denominations of 5, 10, 20, 50, 100, 200, and 500 Euros, although the 500 Euro note is being gradually phased out due to concerns over its use in illegal activities. The banknotes feature architectural styles from different periods of European history, symbolizing openness, cooperation, and progress across the continent.

The Euro plays a key role in international trade, not only within Europe but globally. Many countries outside of the Eurozone use the Euro as an anchor currency or hold significant reserves of it due to its stability and importance in global finance. The Euro's value is influenced by a wide range of factors, including monetary policy decisions by the ECB, economic data from major Eurozone countries, political stability, and international trade dynamics. The Eurozone's collective economic strength, which includes major economies like Germany, France, Italy, and Spain, helps to sustain the Euro's position as a dominant global currency.

The Euro is used in everyday transactions across the Eurozone, from buying groceries in local markets to paying for services and travel across borders. Tourists traveling throughout Europe benefit significantly from the Euro, as it eliminates the need for currency exchange between member states, making travel and commerce more convenient. The adoption of the Euro has helped create a sense of shared European identity and has made it easier for citizens to work, live, and study across different countries within the Eurozone.

Despite its many benefits, the Euro has faced challenges since its introduction, particularly during the European debt crisis of the early 2010s, which exposed the difficulties of having a shared currency without full fiscal integration. The crisis led to the introduction of stricter fiscal rules and the establishment of financial safety nets, such as the European Stability Mechanism (ESM), to support struggling economies and maintain financial stability. The Euro has since demonstrated its resilience, adapting to economic challenges and continuing to serve as a symbol of European unity, cooperation, and economic strength.

Today, the Euro remains a vital part of the global financial system, representing not only the economic power of the Eurozone but also the vision of a united Europe. It stands as a testament to the collective aspirations of the member nations to foster economic growth, enhance cooperation, and ensure financial stability for all. The Euro is more than just a currency; it is a powerful symbol of European solidarity and integration, embodying the ideals of a continent that values openness, progress, and shared prosperity.

Euro (EUR) Frequently Used Conversions