Switzerland is a place for you if you want to know what heaven feels like. To discover the best moments of your life, you must visit this land of beauty and bliss. It is amongst the most primary tourist destinations of the world, and will alleviate your senses with its enticing beauty. Thomas cook assures to ease out your stay by availing Swiss Franc at best exchange rates.
With a Team of experts, Thomas Cook facilitates you with all the forex related information and the best exchange rates. We assure you of a simpler and organized exchange process along with the most competitive INR to CHF exchange rates. Thomas Cook features an online portal which is available 24×7 to avail you of live exchange rates across the globe.
Prompt and precise approach of the team guards you against any discrepancies. Our well-defined approach to guide you on the information keeps the process transparent and full of certainty.
Importance of the Swiss Franc
Switzerland is an advanced economy in the world. The service and travel tourism sector plays a dominant role in Switzerland’s economy. The inflation rate of Switzerland has been low around 0.4% in the year 2019. The Swiss Franc is also called Swissie and is used as the official currency of Switzerland, Liechtenstein, and Campione d’Italia.
Introduction of the Swiss Franc
The history of the Swiss Franc dates back to 1798 which marked the introduction of the Franc and was in circulation until 1803.
Switzerland in the year 1848 announced that the federal govt. of Switzerland shall be responsible for the issuance of the currency. Later in the year 1850, the Federal Coinage Act came into existence and introduced the Swiss Franc at par with the French franc. In 1865 Switzerland became the part of Latin Monetary Union to adopt and accept the gold standard. In 1945, the Swiss became part of the Brent Wood System thereby pegging the Swiss franc to the USD until the early 1970s. Till 2000, the Swiss Franc exchange rate was connected to the gold price.
The National Bank of Switzerland is responsible for the issuance and circulation of the Swiss Franc. The
currency notes under circulation come in denominations of 10 francs, 20 francs, 50 francs, 100 francs, 200 francs, and 1000 francs. While the coin denomination under the Swiss Franc is 5 centimes, 10 Centimes, 20 centimes, ½ franc, 1 franc, 2 francs, and 5 francs.
Factors that affect the exchange of the Swiss Franc to INR
The international foreign exchange market is always fluctuating and is very volatile. The Swiss Franc to INR rates are also changing daily. Certain factors affect the Swiss Franc to the Indian Rupee rates:
Inflation Rates
Interest Rates
Political Stability
Economic Stability
Demand and Supply for Currency
Current Account Deficit
Convert Swiss Franc to INR Online as per Today’s Conversion Rate
The conversion of the
Swiss Franc to Indian Rupee can be done with the help of online currency exchange calculators. However, today’s conversion rate converting the Swiss Franc to the Indian Rupee can be done without the help of online calculators. Let us understand the conversion of the Swiss Franc to the Indian Rupee with the help of an example.
Mr. X is travelling to Switzerland with his family. He needs to carry 5000 Swiss Franc with him for his trip. However, he does not know the value of 5000 Swiss Franc in Indian Currency. For understanding the conversion today’s conversion rate is 1 CHF = 91.47 INR. Therefore, the value of 5000 Swiss Franc in the Indian Rupee is 5000*91.47 = 4, 57,369.68 INR.
Convert Swiss Franc to INR
Conversion of the Swiss Franc to the Indian Rupee is very simple. The conversion of the currency is dependent on the current currency exchange rates of these two currencies in the foreign exchange market. With the current currency rate, we can understand the value of each currency concerning the other.
Above we have understood the conversion of the Swiss Franc to the Indian Rupee. Let us understand the conversion of INR to CHF.
Today’s currency
exchange rate of INR to CHF is 1 INR = 0.011 CHF. So, if you have 20000 INR the value of it in Swiss Franc is 218.67 CHF
How are Swiss Franc -INR Rates Determined?
The foreign currency exchange rate is the rate at which a certain currency of a country can be purchased by the other currency. In the case of the Swiss franc and Indian Rupee, the exchange rate is pre-determined by the central banks of both countries. The Reserve Bank of India determines the exchange rate of the Indian Rupee while the Swiss National Bank determines the exchange rate of the Swiss Franc.
Swiss Franc and INR Overview
The Swiss Franc is an important currency in the foreign exchange market therefore it continues to be a high-value currency. The current exchange rate of the Swiss Franc concerning the Indian Rupee is 1 INR = 91.47 CHF.
The statistics of the conversion rate between the Swiss Franc and the Indian Rupee are as under:
Details |
Statistics of the last 90 days |
High |
92.252 INR |
Low |
87.087 INR |
Average |
89.581 INR |
CHF
