Monday, July 20, 2026 - The Swiss National Bank (SNB) has denied engaging in currency manipulation after the U.S. Treasury maintained Switzerland on its watch list for potential currency manipulation. The Swiss franc has surged to a 10-year high against the euro amid market jitters, prompting concerns about its impact on the export-driven Swiss economy. In response to U.S. tariffs, the SNB increased its foreign currency purchases to counteract the franc's appreciation and support economic stability.
| Currency | 07/13/2026 | 07/20/2026 | Change | |
| Bitcoin (BTC) | 54,518 € | ⇨ | 56,974 € | +4.5% |
| New Zealand Dollar (NZD) | 0.5051 € | ⇨ | 0.5117 € | +1.31% |
| South Korean Won (KRW) | 0.0006 € | ⇨ | 0.0006 € | +1.19% |
| Vanuatu Vatu (VUV) | 0.0073 € | ⇨ | 0.0074 € | +0.97% |
| Norwegian Krone (NOK) | 0.0897 € | ⇨ | 0.0905 € | +0.97% |
| Silver (oz) | 1.6241 € | ⇨ | 1.593 € | -1.92% |
| Egyptian Pound (EGP) | 0.0175 € | ⇨ | 0.0171 € | -1.94% |
| Venezuelan Bolívar (VES) | 0.0012 € | ⇨ | 0.0012 € | -2.48% |
| Russian Ruble (RUB) | 0.0115 € | ⇨ | 0.0111 € | -2.75% |
| Botswana Pula (BWP) | 0.0648 € | ⇨ | 0.0612 € | -5.46% |
| See also the 24h, 30d and 1y changes | ||||
| Currency name | Swiss Franc |
| Symbol | SFr |
| Also known as | Swiss franc, CHF, 1 CHF = 100 rappen (German) / centimes (French) / centesimi (Italian) |
| ISO code | CHF |
| Banknotes | CHF 10, 20, 50, 100, 200, 1000 |
| Coins | 5, 10, 20, 50 rappen; CHF 1, 2, 5 |
| Central bank | Swiss National Bank (SNB) - Website: www.snb.ch |
| Countries | 1 country + 3 territories: Switzerland (capital: Bern), Liechtenstein |
| Population | 9 mil. |
History
The Swiss franc is the national currency of Switzerland and the much smaller Principality of Liechtenstein, where it circulates as legal tender. The name derives from the Latin Franciscus, a reference to the Frankish king whose image appeared on early medieval coins. Switzerland adopted the franc as its national currency in 1850, replacing a chaotic patchwork of cantonal and foreign coins that had complicated commerce for centuries.
In 1865, Switzerland joined the Latin Monetary Union — a gold-and-silver standard shared with France, Belgium, and Italy — tying the franc to a fixed silver and gold content. When the union dissolved after World War I, Switzerland quickly stabilised the franc and maintained it on the gold standard longer than most European nations, abandoning it only in 1936 under severe deflationary pressure.
After World War II, the Swiss franc was pegged to the US dollar under Bretton Woods at 4.375 francs per dollar. Following the collapse of that system, the franc floated freely from 1973 onward. Its reputation for stability, backed by Switzerland's political neutrality, strong institutions, and conservative monetary policy, made it one of the world's premier safe-haven currencies.
During the 2008 financial crisis and Europe's sovereign debt crisis, massive capital inflows pushed the franc to record highs against the euro. In September 2011, the Swiss National Bank (SNB) imposed a floor of 1.20 francs per euro to protect Swiss exporters, removing this peg abruptly in January 2015 — causing one of the most dramatic single-day moves in modern forex history. The franc surged over 20% in minutes.
The SNB, founded in 1907, manages monetary policy with a long-standing focus on price stability and, when necessary, currency interventions to prevent excessive appreciation.
Sources:
"Swiss franc", Wikipedia, https://en.wikipedia.org/wiki/Swiss_franc
"Swiss National Bank", Wikipedia, https://en.wikipedia.org/wiki/Swiss_National_Bank