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SWITZERLAND (CHF) SWISS FRANC
The currency of Switzerland is the franc. This is the last country of Europe to
still be using this unit of currency as all of the other countries that used to
use the franc or frank, have now reverted to the Euro. This is because they are
all members of the E.U., which Switzerland remains away from joining. The Swiss
franc has an internationally recognisable code of ‘CHF’. This franc is divided
into 100 centimes. Though for German speakers this is known as ‘Rappen’ and for
Italian speakers ‘centesimo’.
Currently in circulation
The following denomination of coins are currently in circulation in Switzerland:
5, 10 and 20 centimes and half a franc (50 centimes), 1, 2 and 5 francs. The 1
centime coin was taken out of circulation on the 1st January 2007. The Swiss
National Bank currently issues banknotes to the value of 10, 20, 50, 100, 200
and 1,000 francs.
Exchange facilities and traveller’s cheques
As Switzerland is such a popular tourist destination there are always plenty of
foreign exchange opportunities in all of the towns and cities. These may be
located on main high streets or in train stations, banks and at airports. It is
wise to shop around on rates and commission levels in Switzerland, as these can
vary quite significantly. Traveller’s cheques are best when taken in Swiss
francs. The country likes to hang on to its independence away from the Euro zone
and would prefer to welcome the use of its own currency. The cheques should be
accepted quite widely across the country.
Using credit/debit cards
You will be able to utilise credit cards very easily in all parts of
Switzerland. Be this from retail stores to restaurants and hotels, they are very
widely accepted. You will also be able to use debit cards to withdraw funds from
ATM machines and there are thousands of these throughout the country. Do be
mindful of extra charges when using both types of cards.
Restrictions
There are no restrictions of bringing local or any other currency into or out of
Switzerland.
Switzerland: an overview
Switzerland is undoubtedly one of the few countries of the world that truly
lives up to all that you can ever imagine. From awe-inspiring and breathtaking
mountain scenery to picturesque and sleepy alpine towns and villages, it is a
country that everyone should try to visit at least once in their lives. The
country is fortunate enough to enjoy a year-round tourist industry. Winter pulls
in enthusiastic skiers and the remaining seasons see people flocking to the
country for its never ending abundant natural beauty.
Switzerland is quite an expensive country to visit, although people will tend to
exaggerate the true extent of this. Like many other places in the world, you
will still be able to find products that suit your budget. For a typical three
star hotel room for two people, you will probably need to pay over £80/$120/Euro
90 per night. Restaurants are of a good standard and you will tend to find that
a meal for two in an average restaurant will be around the £55/$77/Euro 62 mark.
