The value of the Swiss franc (CHF) fluctuates daily in the global foreign exchange market. As of March 2023, 1 Swiss franc is worth approximately 1.08 US dollars (USD) or 0.91 euros (EUR).
The value of the Swiss franc is influenced by various economic and political factors, including interest rates, inflation rates, political stability, and global demand for the currency.
Switzerland is known for its political and economic stability, as well as the strong reputation of its financial sector. These factors contribute to the relative strength of the Swiss franc against other currencies, as investors often view it as a safe haven asset during times of economic uncertainty.
The Swiss National Bank (SNB) plays a crucial role in maintaining the stability of the Swiss franc. It sets interest rates, intervenes in currency markets, and manages foreign exchange reserves to keep the value of the Swiss franc stable against other currencies.
In recent years, the exchange rate between the Swiss franc and other major currencies has fluctuated between approximately 0.85 to 1.15 CHF per USD and 0.7 to 1.2 CHF per EUR. The actual exchange rate may vary depending on the specific exchange service used and any applicable fees or commissions.
Overall, the value of the Swiss franc is subject to fluctuation based on various economic and political factors. As of March 2023, 1 CHF is worth approximately 1.08 USD or 0.91 EUR.
