The Swiss franc is currently higher than the US dollar.
To be more precise, the exchange rate fluctuates, but as of October 26, 2023, one Swiss franc is worth approximately 1.03 US dollars. This means you would get slightly more US dollars for every Swiss franc you exchange.
Here are some factors that influence the exchange rate:
- Economic Strength: The strength of the Swiss economy and its perceived stability often lead to a higher value for the franc.
- Interest Rates: Higher interest rates in Switzerland can attract foreign investment, increasing demand for the franc.
- Safe Haven Status: The Swiss franc is considered a safe haven currency during times of global uncertainty, leading to an increase in its value.
- Global Events: Political instability or economic downturns in other countries can also lead to increased demand for the Swiss franc.
While the exchange rate can change, it is important to note that it is not a fixed value and is constantly fluctuating.
