Thursday, February 23, 2017 8:40 PM
Currencies rates online for Swiss Franc (CHF) to Euro (EUR).
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In order to convert currencies, please go to Euro (EUR) to Swiss Franc (CHF).
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The franc (symbol: CHF; currency code: CHF) is the official currency of Switzerland and Liechtenstein. One (1) franc is subdivided into one hundred (100) units, with one hundredth of a franc called a rappen (German), centime (French), centesimo (Italian) and rap (Romansh).
Historically, the Swiss franc is regarded as a safe-haven currency with almost no inflation. It is often used as a global reserve currency and is the sixth most traded currency in the world.
Prior to 1798, approximately 860 different coins were in circulation in Switzerland. The Helvetic Republic introduced a currency based on the Berne thaler in 1798, which lasted until the end of the Helvetic Republic in 1803. The franc was introduced as the monetary unit of Switzerland following the first Federal Coinage Act in 1850 and replaced the different currencies of the Swiss cantons.
The euro (symbol: €; currency code: EUR) is the official currency of the Eurozone, which comprises 19 member states of the European Union (Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxemburg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, Spain). Since its introduction, the euro has been adopted by several sovereign states that are not part of the European Union and include the Principality of Andorra, the Principality of Monaco, the Republic of San Marino, and the Vatican City, as well as by a number territories, departments and sovereign states of Eurozone countries including the Azores, the Canary Islands, and the Madeira Islands, among others. One (1) euro is equal to one hundred (100) euro cents.
The euro is the second largest reserve currency in the world after the United States dollar. It is also the second most traded currency worldwide, while it is estimated that it has surpassed the U.S. dollar in terms of the combined value of banknotes and coins in circulation. It is estimated that the euro is used by approximately 337 million Europeans on a daily basis.
The euro replaced the European Currency Unit (ECU) as an accounting currency on January 1, 1999, at a ratio of 1:1. The circulation of euro coins and banknotes began on January 1, 2002.