Question

What is the name of the currency used in Switzerland?

Answer 1

The currency used in Switzerland is called the Swiss franc (CHF). It is represented by the symbol "Fr" or "CHF", and is divided into 100 smaller units called rappen in German, centimes in French, and centesimi in Italian. Banknotes in circulation include denominations of 10, 20, 50, 100, 200, and 1,000 Swiss francs, while coins in circulation include denominations of 5 rappen, 10 rappen, 20 rappen, 50 rappen, 1 franc, 2 francs, and 5 francs. The Swiss franc is widely traded in the foreign exchange market and is considered a safe-haven currency due to Switzerland's political neutrality and economic stability.

Answer 2

The name of the currency used in Switzerland is the Swiss franc. It is abbreviated as CHF, standing for Confoederatio Helvetica Franc. It is the seventh-most traded currency in the world.