Sending money to Switzerland can be quicker and cheaper if you use the right provider. Use our Swiss Franc exchange rate comparison tool to save up to 4% on large CHF currency transfers versus using your bank.

Compare exchange rates for sending money to Switzerland

Best accounts for sending money to Switzerland

We have reviewed and compared the different types of accounts for sending money to Switzerland for different types of CHF transfers depending on size:

OFX: Best for sending large amounts of money to Switzerland

If you are sending a large amount of money to Switzerland for a personal property purchase or for business OFX are a good choice. As these large money transfers are not regular occurrences and can often be quite daunting, having a personal account execution to help with administration and to ensure the process goes smoothly is a real help.


  • Excellent for large transfers
  • Bank beating CHF exchange rates
  • Personal service and advice


  • Not good for small transfers
  • No cash or credit card deposits

Wise: Best for medium Swiss Franc money transfers

Wise offer a very low-cost way to send money to Switzerland. There is an excellent tool for getting live quotes on the website and is most suitable for small and medium-sized transfers. 


  • Fixed exchange rates
  • Transparent fees
  • Simple to use


  • Expensive for large transfers
  • No personal service

Western Union: Best for small CHF transfers & cash

Western Union is one of the oldest money transfer providers in the world. The app has recently rebranded as WU which allows users to send money to Switzerland at excellent rates. This year they have significantly reduced fees for sending money to Switzerland and improved its exchange rates to compete with money transfer startups.


  • Established network of branches
  • Cash and credit card transfers
  • Good app and online platform


  • Better for small transfers
  • No personal service or advice on large transfers

Compare accounts for sending money to Switzerland

When sending money to Switzerland the main things to compare are:

  • Exchange rates – how much money will you receive?
  • Transfer sizes – is there a minimum or maximum amount you can transfer?
  • Currency forwards – can you buy NOK now and pay later?
Currency BrokerNumber of CurrenciesMin TransferForward ContractsSame DayCurrency OptionsYear FoundedAnnual TransfersAmount of CustomersGet A Quote
Key CurrencyKey Currency42£1,00012 months✔️2015£2bn50,000+Request Quote
OFXOFX55+£25012 months✔️1998£2.4bn1,000,000Request Quote
Global ReachGlobal Reach30+£3,00024 months✔️✔️2001£6bn30,000+Request Quote
TorFXTorFX40£10024 months✔️2004£7.5bn325,000Request Quote
Currencies DirectCurrencies Direct40£10012 months✔️1996£7.5bn325,000Request Quote

History of the Swiss Franc (CHF)

The Swiss Franc is the currency of Switzerland and Liechtenstein. The FX abbreviation of the Swiss Franc is CHF.

While the Swiss economy is not in the top league in terms of size, the country’s financial sector is vibrant. Ergo, the swiss currency is very popular among traders. It is the seventh most traded currency in 2019. Moreover, the Swiss franc has long been considered a ‘hard currency’ (link). A hard currency is one that investors buy in terms of uncertainty, much like a safe-haven asset.

The Swiss National Bank is the central bank in charge of the currency and Switzerland’s monetary policy. Its chief mandate is price stability, which it equates to 2% in the consumer price index. Monetary decisions are taken every quarter (or more frequently, if necessary).

One aspect of the Swiss Franc worth noting is that it has been a negative-yielding currency. That it, the policy rate for the Swiss economy has been in negative territory since 2015 (see below). The Franc could be the funding currency for the ‘carry trade’.

Factors that move the Swiss Franc (CHF) exchange rate

The Swiss Franc is a hard currency that its usually value appreciates during financial crises. As such, the economic and financial performances of its neighbours, particularly the Eurozone, can drive the movement of the  Swiss Franc.

Eurozone – During the PIIGS sovereign debt crisis in 2009-11, investors stampeded out of the Euro into the Swiss Franc. The value of the Franc surged uncontrollably because investors feared the breakup of the Eurozone. To protect their wealth, investors bought  a massive amount of Franc – a trend amplified by leveraged positions held by funds (see below).

Intervention – Another factor to consider when trading the Swiss franc is the possibility of intervention by the Swiss National Bank. The SNB has a history of intervening in the market as the Swiss Franc is so volatile. In 2011, for example, SNB feared the deflationary impact of an over-valued exchange rate, so it pegged the Franc to the Euro at 1.2000 when the rate was touching parity. This is to prevent a further appreciation of the Franc.

A few years later, when the SNB unpegged the rate out of the blue, it caused turmoil in the FX market as it was highly unexpected.

Just recently (June 17, 2021) the SNB wrote that itremains willing to intervene in the foreign exchange market as necessary‘ and that the ‘Swiss Franc remains highly valued‘. This is to warn traders that it does not want the Franc to become too strong.

Interest rates – Another factor to consider when buying and selling the Franc is interest rates. Right now, the Swiss policy rate is very low. In fact, the rate is at a negative 75 basis points (-0.75%). This is because the central bank wants to cap Franc’s strength by penalising capital holding the Franc.

Despite the negative policy rate, the Swiss Franc is trading at 1.10 against the Euro, a remarkably strong position as it is close to parity and much higher in value than in 2009.

Bottom line – The Swiss Franc is a strong currency. The country’s central bank has been actively intervening in the market to prevent the Franc from surging to unacceptable levels. This led to rangebound movements in the currency and a lack of sustained directionally trend.

Live Swiss Franc (CHF) exchange rates

The current best Swiss Franc (CHF) exchange rate versus other G10 currencies is the mid-market price which is:

Australian Dollar (AUD)1.558749
Canadian Dollar (CAD)1.378925
European Union Euro (EUR)1.024884
Japanese Yen (JPY)146.4006
New Zealand Dollar (NZD)1.76852
Norwegian Krone (NOK)10.7158
United Kingdom Pound Sterling (GBP)0.89214
Swedish Krona (SEK)11.0504
States Dollar (USD)1.011618


Sending money to Switzerland FAQ:

The best way to send large amounts of money to Switzerland is to use a currency broker.

As well as getting the best exchange rates, if you send money to Switzerland with a currency broker you also get:

  • Expert help and advice to reduce your risk and exposure
  • Dedicated account managers every step of the way
  • Convert funds online and platform access 24/7
  • Same day and forward currency exchange contracts
  • Zero service charge, commission or transfer fees
  • Transfer money direct to single or multiple beneficiary accounts

When you convert and transfer Swiss Francs (CHF) with a currency broker your fixed exchange should be a maximum of 0.5% from the mid-market for currency transfers. To put this in perspective, banks traditionally charge 3-5% which means that if you are sending £100,000 worth of CHF you could save up to £4,500 with a currency broker versus the banks.

Request a quote to see how much you can save – you’ll find a better CHF exchange rate than by using your bank.

Our comparison tables and CHF exchange rate quote request forms will help you find the best Norwegian Krone exchange rate. Our exchange rate comparison tables highlight the key features of currency transfer providers whereas CHF exchange rate quote request forms will make currency brokers compete for your business by offering the best exchange rate.

Here are a few tips on getting the best CHF exchange rate when sending money to Switzerland

If you think the Swiss Franc exchange rate is going to go in your favour you should wait. Or, if you are worried the rate will move against you, it is possible to lock in the current rate for up to a year in advance with a currency forward.

Yes, you can send money using PayPal, but it is very expensive. If you are only planning on sending a small amount of money to Switzerland a money transfer app is much cheaper.

With a currency broker, you can send an unlimited amount of money to Switzerland. Money transfer apps are good for sending under £10,000. Banks are the worst way to send money to Switzerland because of the high fees.

The three main ways to send money to Switzerland are:

Yes, the best way to get the currency exchange rate if you want to send money to Switzerland is to use a currency forward where you buy the currency now by putting down a small deposit and pay the balance when you make the transfer.

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