ERN to CHF

ERN - Eritrean Nakfa (Nfk)
CHF - Swiss Franc (CHF)
1 ERN1 CHF

Currency conversion rates from ERN to CHF

ERNCHF
1 ERN1 CHF
5 ERN5 CHF
10 ERN10 CHF
20 ERN20 CHF
50 ERN50 CHF
100 ERN100 CHF
250 ERN250 CHF
500 ERN500 CHF
1000 ERN1000 CHF
2000 ERN2000 CHF
5000 ERN5000 CHF
10000 ERN10000 CHF
CHFERN
1 CHF1 ERN
5 CHF5 ERN
10 CHF10 ERN
20 CHF20 ERN
50 CHF50 ERN
100 CHF100 ERN
250 CHF250 ERN
500 CHF500 ERN
1000 CHF1000 ERN
2000 CHF2000 ERN
5000 CHF5000 ERN
10000 CHF10000 ERN

CHF - Swiss Franc (SFr.)

The Swiss franc is the currency of Switzerland. The most popular Swiss franc exchange is with the euro. The franc is represented by the sign ‘Fr’ or ‘SFr’ or ‘FS’, and its currency code is CHF. The Swiss franc is fiat currency, and its conversion factor has 6 significant digits. The Swiss franc is called franken in German, the franc in French and Romansh, and the franco in Italian.

The official currency of Switzerland is the Swiss Franc (CHF). The Swiss Franc is the only Franc still issued in the European countries. The Franc is subdivided into 100 centimes. The symbol used for the Franc is Fr. Banknotes are issued by the Swiss National Bank and coins are issued by the Swiss Mint.

The Swiss Franc is the currency in Switzerland (CH, CHE), and Liechtenstein (LI, LIE). The symbol for CHF can be written SwF, and SFr. The Swiss Franc is divided into 100 rappen (centimes). The exchange rate for the Swiss Franc was last updated on Today from The International Monetary Fund. The CHF conversion factor has 6 significant digits.

Economy

  • Switzerland’s economy is seen as a safe haven and is rated as the safest economy in the world.
  • The economy is dependent on foreign investments.
  • The unemployment rate is estimated at 3%.
  • The main industries are watches, chemicals, textiles, machinery, and precision instruments.
  • Export products are agricultural products, metals, chemicals, watches, and machinery.
  • Import products are vehicles, metals, textiles, machinery, and agricultural products.
  • Switzerland’s tourism infrastructure is highly developed.
  • Approximately 28% of all offshore funds are banked in Switzerland.
  • The country is neutral and is not part of the European Union.

History

  • In 1848, Switzerland declared that the Federal Government of Switzerland will be the official issuer of the Swiss Franc.
  • In 1850, the first Swiss Franc was introduced; it was on par with the French Franc.
  • In 1865, Switzerland became part of the Latin Monetary Union, which consisted of France, Italy, Switzerland, and Belgium.
  • Switzerland decided to become part of the Brent Wood System in 1945. The Franc was pegged to the US Dollar at 4.375 Francs = 1 USD.
  • From 2003 to 2006, the Swiss Franc was stable against the Euro.
  • In 2008, the Swiss Franc was valued higher than the USD.
  • In 2010, the 9th series of Francs was introduced.
  • In 2011, the European Union stated that the “Franc is a threat to the economy” and this caused the Franc to plunge.

More information about CHF - Swiss Franc (SFr.)


ERN - Eritrean Nakfa (ERN)

Eritrean Nakfa

The Eritrean Nakfa is the currency in Eritrea (ER, ERI). The symbol for ERN can be written Nfa. The Eritrean Nakfa is divided into 100 cents. The exchange rate for the Eritrean Nakfa was last updated on May 24, 2019 from Yahoo Finance. The ERN conversion factor has 4 significant digits.

More information about ERN - Eritrean Nakfa (ERN)