the basic unit of money in Switzerland
The currency of Switzerland, divided into 100 centimes.
The franc is the currency and legal tender of Switzerland and Liechtenstein; it is also legal tender in the Italian exclave Campione d'Italia. Although not formally legal tender in the German exclave Büsingen, it is in wide daily use there. The Swiss National Bank issues banknotes and the federal mint Swissmint issues coins. The Swiss franc is the only version of the franc still issued in Europe. The smaller denomination, a hundredth of a franc, is a Rappen in German, centime in French, centesimo in Italian, and rap in Romansh. The ISO code of the currency used by banks and financial institutions is CHF, although "Fr." is used by most businesses and advertisers; some use SFr.; the Latinate "CH" stands for Confoederatio Helvetica. Given the different languages used in Switzerland, Latin is used for language-neutral inscriptions on the coins.
The numerical value of swiss franc in Chaldean Numerology is: 8
The numerical value of swiss franc in Pythagorean Numerology is: 5
Sample Sentences & Example Usage
This is especially important at the moment, as upward pressure on the Swiss franc has intensified once again.
All eyes are on the ECB. If the Swiss franc rises again, the whole debate on how to help FX mortgage holders will start all over again.
It's not panic but there has been volatility across the board, in FX, in commodities, in bonds and in stocks this week, for a developed G10 currency, the 20 percent move in the Swiss franc (this week) was extraordinary.
Because of what they've done, getting households to repay Swiss franc loans early, providing them with a hedging mechanism the adjustment cost has been priced in and hedged, it's been a vindication of Hungary's intent.
With interest rates at zero, the minimum exchange rate is the key instrument to avoid an undesirable tightening of monetary conditions, this is especially important at the moment, as upward pressure on the Swiss franc has intensified once again.
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