The symbol for the Swiss Franc (CHF) is “Fr.” or “SFr.” in German, French, and Italian, the official languages of Switzerland. The symbol is placed before the numerical value of the currency, similar to how the dollar sign “$” is used in the United States.
The Swiss Franc is the official currency of Switzerland and Liechtenstein, and is also used in some parts of Italy and Germany. It is known for being a safe-haven currency, meaning it is often sought out by investors during times of economic uncertainty or instability.
The Swiss Franc was introduced in 1850 as a replacement for several regional currencies in Switzerland. It has since become one of the most widely traded currencies in the world and is often used as a benchmark for other currencies and financial markets.
The Swiss National Bank, Switzerland’s central bank, is responsible for setting monetary policy and maintaining the stability of the Swiss Franc. The bank is known for being particularly vigilant about inflation, and has a mandate to maintain price stability while also supporting economic growth.
Overall, the Swiss Franc and its symbol “Fr.” or “SFr.” have become well-known around the world for their association with Switzerland’s reputation for stability and security, both in terms of its economy and its financial system.
