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Swiss Franc

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Swiss Franc
The currency of Switzerland. Although the first Swiss franc was used briefly at the end of the 18th century, the modern franc was introduced in 1850, replacing almost two dozen local currencies. Switzerland was a member of the Latin Monetary Union until its demise in 1927 and later belonged to the Bretton Woods System. Until 2000, at least 40% of the franc was required to be backed by gold. The Swiss franc is known for having almost no inflation and, for that reason, is considered a very safe currency for investment.


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Swiss Franc Forecasts Neutral Given Major SNB Headwinds Fundamental Forecast for Swiss Franc: Neutral - One-sided sentiment points to further USD/CHF declines - Swiss Franc falls as Consumer Price Index loses more than expected - View our Swiss Franc Exchange Rate Forecast for October The Swiss Franc was one of the worst-performing currencies to end the week's trade, as a broad rally in key risky asset classes decreased flight-to-safety demand for the European currency.
68 billion Swiss francs, dampened by a sharp rise in the Swiss franc against major currencies.
7 billion Swiss franc full-year loss, the biggest-ever for a Swiss company.
 
 
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