Available Currency Pairs
Did You Know?
- The Swiss National Bank (SNB) is the Central Bank of Switzerland. It is responsible for the country’s monetary policy, and its objective is to ensure price stability while taking into account changing economic conditions.
- Price setting method: the floating exchange rate is described as supervised”. The SNB reserves the right to intervene on the spot to influence the CHF’s exchange rate against the main currencies.
Features and highlights
- In 2011, the SNB decided to limit the appreciation of its currency, perceived at the time as a threat to the Swiss economy. A floor was set at 1.20 on the EUR/CHF parity.
- In January 2015, the SNB abruptly ended this fixed exchange rate regime, causing a sharp appreciation of the CHF.
- The Swiss Franc is considered a haven for market operators, which means that it tends to appreciate in times of financial or international stress.
There are no particular restrictions on the purchase and sale of CHF.
The IBAN format is mandatory. Payment instructions must contain:
- The full name of the beneficiary.
Keep In Mind
When a holiday falls on a weekend, the next business day becomes a holiday