The lowdown on the Swiss franc
The Swiss Franc is accepted in the following countries:
- Switzerland
- Lichtenstein
- Italian Exclave (Campione d’Italia)
Economical Influences on the Swiss Franc Exchange Rate
If you are considering converting AUD to CHF, it is good to get a snapshot on how the economy of the country influences the Switzerland exchange rate.
The Franc is seen by some as the “neutral” currency and a safe haven for the foreign exchange market; which may be partly due to the Swiss National Bank limiting Swiss Franc’s trades in the foreign exchange market to keep interest rates stable and to reduce volatility.1
Although Switzerland is not a member of the European Union (EU), its surrounding Eurozone Neighbours are its main trading partner - with approximately 78% of Swiss imports coming from the EU.1
Swiss Franc Historical Exchange Rate
When comparing the NZD to the CHF over the past five years, there have been some periods of high fluctuation between the currencies, particularly between 2014 and 2016.2
Back on 30 June 2014 the NZD was buying around 0.78187 CHF, staying stable over the next 6 months to reach 0.79386 CHF per NZD by 12 January 2015.2
That figure had dropped to around 0.60256 CHF per NZD by 25 August 2015, but had stabilised somewhat by 14 December 2016 when the NZD was buying around 0.72860 CHF.2
On 23 November 2017 the NZD was buying less, at 0.67510 CHF per NZD, dropping again over the coming year to reach 0.63183 CHF per NZD by 18 September 2018.2
As of 24 March 2019 the NZD is buying around 0.68317 CHF.2
Before you travel to Switzerland, create a currency rate alert so we can notify you when the CHF hits the rate you want.