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For more information on how these cookies work please see our Cookie policy. Skip to main content. The Swiss franc equalled to 6 grams and three quarters of pure silver or 1. This franc was issued until the end of the Helvetic Republic in , but it was used as a model for the currencies of many cantons in the reformed Swiss Confederation.
Also, some private banks started to issue the first banknotes, so they ended up with around 8, different coins and banknotes circulating at the same time, which made the monetary system pretty complex. The new Federal Constitution in Switzerland in specified that the Federal Government would be the only entity authorised to issue money in the country. Two years later, the first monetary federal law followed, approved by the Federal Assembly on the 7 th May , which introduced the franc as monetary unit in Switzerland.
The Swiss franc was entered into circulation at the same time that the French franc. In France, Belgium, Italy and Switzerland created the Latin Monetary Unit , where they agreed to fix their national currencies based on 4. During the decade of the Union started to disappear and agreements ended officially in , but the Swiss franc kept the same exchange rate until , when it suffered its only devaluation on the 27 th September during the Great Depression.
In Switzerland joined the Bretton Woods Agreements and fixed the franc to the dollar in an exchange rate of 4. The Swiss franc is divided into cents, and today there are coins of 5, 10 and 20 cents circulating, as well as 0.
Also, there are banknotes of 10, 20, 50, , and 1, francs. Due to internal regulations, the maximum amount that can be exchanged is AUD 15, Due to internal regulations, the maximum amount that can be exchanged is CHF 15, You are here: Home Currencies of the world Swiss franc The franc.
Need to know when a currency hits a specific rate? The Xe Rate Alerts will let you know when the rate you need is triggered on your selected currency pairs. Check live rates, send money securely, set rate alerts, receive notifications and more. Scan me! Over 70 million downloads worldwide. Convert Send Charts Alerts. Amount 1. FRF — French Franc obsolete. We use midmarket rates These are derived from the mid-point between the "buy" and "sell" transactional rates from global currency markets.
They are not transactional rates. Learn more.
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