Convert Swiss Franc to US Dollar

8000.1 Swiss Franc (CHF) = 7948.1 US Dollar (USD)

Thursday, February 23, 2017 8:39 PM

8000.1 CHF =
7948.1 USD

CHFUSD graph

Currencies rates online for Swiss Franc (CHF) to US Dollar (USD).

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In order to convert currencies, please go to US Dollar (USD) to Swiss Franc (CHF).

The currency converter uses the latest Forex exchange rates.


CHF – Swiss franc

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.

Background
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.


USD – United States dollar

The U.S. dollar (symbol: $; currency code: USD) is the official currency of the United States of America and its overseas territories. One (1) US dollar is equal to one hundred (100) cents.

The U.S. dollar is a Federal Reserve Note and the world’s dominant reserve currency. As such, it is the most converted currency in the world and the currency most used in international transactions. In addition, it features as the standard currency in the commodity market, having a key impact on commodity prices, and is the most popular and heavily traded currency in the forex market.

Background
The dollar was adopted as the official money unit of the United States in 1785. The federal monetary system was established following the Coinage Act of 1792, which also created the first U.S. Mint. Paper currency was first issued by the U.S. government in 1862 in order to finance the Civil War. The first $10 Federal Reserve notes were issued in 1914, but it was not until 1929 that the U.S. currency began to feature the standard portraits on the front and monuments and emblems on the back of all bills.