There are other factors to consider when sending an international money transfer in addition to the exchange rate, including the transfer fees, the payment method, the speed of delivery and the level of customer service. What’s best for you might not be best for someone else.
The British pound sterling is the official currency of the United Kingdom and the fourth most traded currency in the world. Unlike the majority of EU and European countries, the UK declined to adopt the euro in 1999, and the pound continues to be an important currency benchmark for many nations.
Sub unit symbol:
£5, £10, £20, £50
1p, 2p, 5p, 10p, 20p, 25p, 50p, £1, £2
The Swiss franc is the currency of Switzerland and Lietchenstein, and is considered a “neutral” currency – much like its home country, Switzerland, is a neutral country. Experts rate Switzerland the safest economy in the world, with the franc emerging as a safe haven within the forex market.
CHF, Fr., SFr. (old)
10, 20, 50, 100, 200 & 1,000 francs
5, 10 & 20 centimes, 1⁄2, 1, 2 & 5 francs
Pound Sterling to the Swiss Franc for the last 10 years
1 GBP =
How does the US Dollar trade against the Swiss franc historically?
The USD > CHF exchange rate has a historical pattern of stability, which should ease concerns over exchange rate fluctuations as you compare rates and look to send money overseas to Switzerland.
The Swiss franc is called a “safe haven currency” due to Switzerland’s monetary policy and cautious reputation. The most recent blip occurred in 2015, when the Swiss government unpegged the franc from the euro, causing a “Francogedden.” Basically, this meant that the Swiss franc was no longer limited to small cap gain or losses, and this new freedom temporarily caused more headaches in the market than anticipated. Since then, it’s settled back into a stable trend.
Pound Sterling to the Swiss Franc for the last 10 months
1 GBP =
Pound Sterling to the Swiss Franc for the last 10 days
1 GBP =
What affects USD > CHF exchange rates?
Overall market fears concerning the impact of the UK leaving the European Union in 2019 will likely cause fluctuations across the board. The Pound has been getting significantly weaker since the Brexit referendum result and this trend will likely continue.
Swiss monetary policy
The Swiss franc has reputation as a safe-haven currency. Should the Swiss government decide to peg the franc to another major currency (such as the euro or dollar), it will likely cause initial spikes or drops in the exchange rate. However, Switzerland’s own interest in self-preservation should steer any monetary policy toward cautious decisions.
Send money from GBP to CHF
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