Swiss franc
Noun
Meaning
Swiss franc (plural Swiss francs)
The currency of Switzerland, divided into 100 centimes, currency code CHF.
Synonyms
Hypernyms
Examples
Against the dollar, the Swiss franc was quoted at 0.9689 following a 0.5% jump on Monday toward its highest level in more than a year.
Meanwhile, on the foreign exchange markets, safe haven currencies like the Japanese yen and the Swiss franc have risen following the attacks.
Nestle said it was launching a 500 million Swiss franc ($512 million) programme to help the cafes and restaurants it supplies by extending payment terms and suspending rental fees for coffee machines.
That said, the lesson to learn is this: fiat money—be it US dollar, euro, Chinese renminbi, British pound, Swiss franc, etc.—will most likely continue to lose its purchasing power over time.
The global financial crisis and the subsequent strength of the Swiss franc posed several manufacturing industries challenges.
The Japanese yen and the Swiss franc have attracted safe haven capital-as has gold and US Treasury bills.