Switzerland is internationally renowned for its Swiss Banks, which offer discrete banking services to clients worldwide. Switzerland uses the common European currency, the euro and also has its own currency the Swiss Franc, which is a major European currency.
Currency of Switzerland
The Swiss Franc is the currency of Switzerland. The Swiss Franc is available in banknotes, which bear the value of 10, 20, 50, 100, 200, 500, or 1000 Francs. The exchange rate for the Swiss Franc is 1 US Dollar = 1.35350 Swiss Franc.
Each Swiss Franc is equal to 100 Centimes. Centimes are available in coins of 1, 20 and 50 Centimes.
Foreign Exchange Formalities:
International currencies can be exchanged at banks and foreign exchange dealers, while on tours of Switzerland. You will need to show your passport as a proof of identity for foreign exchange transactions. All airports,, shopping arcades and railway stations have licensed money changers who carry out currency exchange transactions.
All popular credit cards such as Diners, Euro, VISA, Mastercard and American Express card are accepted widely in shops, airports, railway stations and other payment centers across Switzerland.
While Switzerland does not have a high crime rate and the country is considered very safe for travelers, do be careful about carrying money on trains or while you are leaving a money exchange center. Any incident of theft, purse snatching or stealing of a passport should be reported to the local police and the concerned consulate or embassy, immediately.