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What are the 3 types of chf

by Wendy

Here’s an article about the three major Swiss currencies:

Switzerland is known for its strong and stable economy, which has led to the creation of three major Swiss currencies: the Swiss franc (CHF), the Euro (EUR), and the US dollar (USD).

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The Swiss franc is the official currency of Switzerland, and it is also used in Liechtenstein. It is one of the most stable currencies in the world, and is often used as a safe haven for investors during times of economic uncertainty. As of March 2023, one Swiss franc is equivalent to approximately 1.07 US dollars and 0.93 Euros.

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The Euro is the official currency of the European Union, and it is used in many European countries including Switzerland. While Switzerland is not part of the European Union, many businesses and tourists still use Euros in Switzerland due to its close proximity to EU countries. As of March 2023, one Euro is equivalent to approximately 1.15 Swiss francs and 1.18 US dollars.

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The US dollar is the official currency of the United States, and it is also widely accepted in Switzerland. While the exchange rate between the US dollar and Swiss franc can fluctuate, the US dollar is still a popular currency for tourists and investors in Switzerland. As of March 2023, one US dollar is equivalent to approximately 0.94 Swiss francs and 0.82 Euros.

When traveling to Switzerland, it’s important to consider which currency to use and to research current exchange rates. It’s also a good idea to carry a mix of cash and credit cards, as some smaller businesses may not accept credit cards or foreign currencies. Additionally, be aware that some currency exchange services may charge high fees, so it’s best to compare rates and fees before exchanging currency.

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