Full Form of CHF Currency
CHF stands for Swiss Franc, which is the official currency of Switzerland and Liechtenstein. Here are some key details about the CHF:
- Symbol: Fr or SFr
- ISO Code: CHF
- Subunits: The Swiss Franc is divided into 100 Rappen (in German), Centimes (in French), or Centesimi (in Italian).
Key Features of the Swiss Franc (CHF):
- Stability:
The Swiss Franc is known for its stability and is often considered a safe-haven currency during times of global economic uncertainty.
Central Bank:
The currency is issued and regulated by the Swiss National Bank (SNB).
Global Usage:
- While primarily used in Switzerland, the Swiss Franc is also accepted in some neighboring regions and is traded on international currency markets.
Interesting Facts:
- Historical Context:
The Swiss Franc has a long history, dating back to the 19th century, and has undergone various changes and reforms.
Currency Symbol:
- The symbol “Fr” is often used to denote prices in Swiss Francs, especially in financial contexts.
Understanding the CHF is crucial for anyone interested in international finance, investment, or traveling to Switzerland.