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GBP to CHF Exchange Rate

Currency Exchange Rates for Swiss Franc. Currency Information on Swiss Franc - CHF – Swiss franc – Fr. The foreign exchange currency code for CHF represents the Swiss Franc exchange rate

Prior to 1798, there were 75 different establishments issuing coins for different currencies, this resulted in the circulation of over 860 different coins.

The Helvetic republic introduced the franc in 1798, which was equal to 1 ½ French francs. The franc was replaced in 1803, but returned once again in 1850, as the franc of the Swiss Confederation, one currency to replace the numerous coins in circulation, which had reached over 8,000.

Currency Information on CHF. Coins are available in denominations of 5, 10, and 20 centimes, as well as ½, 1, 2, and 5 francs. Banknotes are in circulation in denominations of 10, 20, 50, 100, 200 and 1,000 francs.

There are many good reasons why the Swiss parliament out of all the countries in the world should be first to look at Gold money seriously; Switzerland has a long, positive historical link to Gold. Switzerland was the last country to cave into American pressure to abandon Gold after the collapse of Bretton Woods and to sell Gold from its central bank vaults to help suppress the paper price of Gold. 

The Gold 'Gnomes'

Mind you, I for one am convinced that in a 'back room' of the BIS there are still Gold 'Gnomes' keeping the faith by keeping the second set of books in Gold units. It only makes sense; what another solid unit of measure can they possibly use the rapidly depreciating Dollar, the imploding Euro, or the skyrocketing Franc? Maybe Zimbabwean Dollars, right.

Why Swiss are now considering re-establishing a Gold Franc.

The implosion of the Euro is the very reason that the Swiss are just now considering re-establishing a Gold Franc; the pressure being put on the (paper) Franc is intolerable. As the Euro disintegrates, Europeans are looking for a haven for their wealth. The USD is also collapsing, so moving wealth from Euro to Dollar would be like flipping from the frying pan into the fire not good.

Demand for the paper Franc

Consequently, there has been a growing demand for the paper Franc. Why? Because it is Swiss money, money within sniffing distance of Swiss Gold. This makes holding the Swiss Franc highly desirable at least compared to holding the Euro or the USD. Unfortunately, relentless buying of the Franc is causing it to rise in value vs. the Euro and the Dollar. 

 

To stem the tide, the Swiss National Bank (the central bank of Switzerland) recently intervened in the markets, selling Francs and buying Euros, in a futile effort to hold down the value of the Franc. They now hold a massive short position in the Swiss franc.

Convert Pound to Swiss Franc

Convert GBP to CHF exchange rate. Buy and sell British Pounds to Swiss Franc. Convert ZMK to GBP with a currency broker offering the best foreign exchange rates. Exchange GBP to CHF - Convert Pound to Swiss Franc for a Free Online Quote.

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