Currency of switzerland

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ZURICH, June 14 (Reuters) - Switzerland's parliament announced on Wednesday the 14 members of a special commission that will look into Credit Suisse's collapse and its subsequent rescue engineered by Swiss authorities. The appointments, decided by the offices of the Swiss lower and upper houses of parliament, marked one of the final steps needed for the panel to start its probe, with its exact mandate also yet due to be determined. This is only the fifth time such a commission has been established in Switzerland's modern history. It follows a decision of two sub-committees last month to launch Under the rescue deal, UBS The government has provided the banks with 109 billion Swiss francs ($120.32 billion) in financial guarantees to facilitate the deal, causing widespread uproar in Switzerland. The commission will be chaired by Isabelle Chassot from the centrist Mitte party, while two other members of her party will also take part. The right-wing Swiss People's Party (SVP) and the Liberal FDP will have three members each, the Social Democrats and Greens two members each and the Green Liberal Party one member. The parliament did not say when the commission will start work. ($1 = 0.9059 Swiss francs) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This a...

FILE PHOTO: U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration While the Swiss National Bank is unlikely to take any action at its meeting on Thursday, it will almost certainly have considered how to adapt its currency intervention policy to the prospects of a long period of dollar weakness after the Federal Reserve’s recent pivot to an ultra-dovish stance. The problem for the export-reliant Swiss economy is that the trade-weighted franc has surged to five-year highs, making the country’s exports more expensive overseas. The euro, the currency of Switzerland’s main trade partner, has firmed this year, suggesting the franc’s rise is largely down to its 4.6% year-to-date gain versus the greenback, although on Wednesday it dipped to a seven-week low. (Graphic: Franc at five year highs link: ) “This is a story not only about the euro, but also it is important for the SNB to mitigate the depreciation of the dollar,” said Valentin Bissat, senior economist at Mirabaud. Part of the SNB’s dilemma, and the main reason for its intervention policy, is that everyone rushes to buy the safe-haven franc when a crisis hits. Now, with interest rates at minus 0.75% and in view of its twin mandates of ensuring price stability and supporting exports, the SNB has few other effective options but to intervene to keep a lid on the franc. But this policy, particularly if seen as targeting the dollar, carries risks, above all that the United Sta...

Swiss franc or euro, what to use? The Swiss franc is the only official currency in Switzerland (and in Liechtenstein). The franc is the only currency accepted everywhere. The euro is the currency in the neighboring countries Germany, France, Italy and Austria, and in many other European countries. Nevertheless, you can pay with euros in many shops, hotels, rail stations and gas stations in Switzerland. This is convenient if you're only in transit or only stay for one night. Many smaller shops, market stalls, kiosks, etc. only allow payment in Swiss francs. Note that the euro is a foreign currency in Switzerland, so accepting it results in extra costs and risks for shop owners. Therefore, if you pay with euros, change will be in Swiss francs and the exchange rate is mostly not in your favor. For longer stays, it is cheaper and more convenient to have Swiss francs at hand. How to pay in Switzerland: cash Swiss francs can be obtained from ATM's. They are available in all towns. You usually find them at the post office, rail station and shopping center. In general this is the cheapest way to obtain cash. Your bank can provide exact fees. To save time upon arrival, it can be handy to purchase some Swiss francs before you depart. Your bank may charge fees for both cash withdrawal through ATM's and credit/debit card payments. How to pay in Switzerland: mobile payment Payment by mobile wallets is getting more common in Switzerland. Examples are Apple Pay, Google Pay and Samsung Pa...

US dollar to Swiss Franc exchange rate. Check live USD to CHF exchange rates chart, history US dollar to Swiss Franc exchange rates data in charts and detailed tables. Accurate exchange rates updates in live mode, so all information are fresh. Below you'll find both exchange rates USD/CHF and inverse CHF/USD. If you want to convert the values of each currency, it's very comfortable to use real time USD to CHF converter aside. In USD/CHF chart you can do analysis and make some decisions: keep, sell or buy your wanted currency. In this page you'll also find basic information about US dollar and Swiss Franc currency, banknotes and their coins. Don't forget, if you have any questions about US dollar or Swiss Franc exchange rates, currencies future, denominations of banknotes validity - just ask or read already answered questions at the bottom of this page. While it is not as liquid as the pound and euro, the Swiss franc is still a popular currency for forex traders. Large CHF movement is usually the result of international political or economic instability, which causes investors to turn to the safety of the franc. This can make it difficult to forecast the USD to CHF exchange rate, however, as the US dollar is also viewed as a safe haven during any turmoil. During reduced volatility, the franc tends to correlate strongly with the euro. As the value of the euro increases, the franc tends to follow. Another popular CHF pair is the euro and CHF. USD/CHF and EUR/USD are usually m...

• CHF is the abbreviation for the Swiss franc, which is the official currency of Switzerland. • CHF is the only franc that is still issued in Europe after the other nations, that used to denominate their currencies in francs, adopted the euro. • CHF's popularity stems from its status as a perennial safe-haven currency. • In the 20th century, the Swiss National Bank was required to keep 40% of its reserves in gold, but this requirement was eliminated in 2000. • CHF was briefly pegged to the euro between 2011 and 2015. Understanding CHF (Swiss Franc) The currency market, also known as the foreign exchange market or The Swiss franc comprises a large portion of this trade. The Swiss franc's popularity stems from its status as a perennial The currency's stability is the result of several factors, including Switzerland's history of political stability, its strong rule of law, its neutral stance with regard to foreign affairs, and its western approach to business affairs. Inflation in Switzerland has been relatively low over the years. In addition, Switzerland's government and the Following the creation of the euro, Switzerland is the only remaining country whose currency is called the franc. Investing in the Swiss Franc Due to the stability of the Swiss economy, the Swiss franc has long been regarded as a safe haven asset by investors worried about the turmoil in larger markets. Although it is possible to The Swiss franc is considered a safe haven currency due to the perceived s...

• • • • • Switzerland, a small landlocked country, covers an area of 41,285 sq. km in Europe. The country is famous across the world for its picturesque landscapes. As observed on the physical map above, it is a highly mountainous nation covering nearly 60% of the country's area. The Alpine ranges lie to the south and the Jura Mountains to the north. Switzerland's highest point is Dufourspitze (Monte Rosa), in the Pennine Alps, which rises to 15,206 ft (4,634 m). Also located within the Pennine Alps is the infamous Matterhorn whose summit is 4,690 ft. (4,478 m) high. The position of these mountains have been marked on the map above. Between the mountains, there's a hilly, central plateau that extends on through the east-west axis of the country. Moving north, the Rhine River makes up much of Switzerland's border with Switzerland's two largest lakes are Lake Geneva (shared with Cantons of Switzerland Map Switzerland (officially, the Swiss Confederation) is divided into 26 cantons. In alphabetical order, these cantons are: Aargau (AG), Appenzell Ausserrhoden (AR), Appenzell Innerrhoden (AI), Basel-Landschaft (BL), Basel-Stadt (BS), Berne/Bern (BE), Fribourg/Freiburg (FR), Geneve [Geneva](GE), Glarus (GL), Graubuenden /Grigioni/Grischun (GR), Jura (JU), Luzern (LU), Neuchatel (NE), Nidwalden (NW), Obwalden (OW), Sankt Gallen (SG), Schaffhausen (SH), Schwyz (SZ), Solothurn (SO), Thurgall (TG), Ticino (TI), Uri (UR), Valais/Wallis (VS), Vaud (VD), Zug (ZG) and Zuerich (ZH). Swi...