Local Currency in Switzerland

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Money and Currency in Switzerland

Switzerland is not part of the European Union and the currency is the Swiss franc (or Franken or franco, depending in which language area you are), divided into 100 centimes, Rappen or centesimi. However, many places - such as supermarkets, restaurants, sightseeings' box offices, hotels and the railways or ticket machines - accept Euro and will give you change in Swiss Francs or in Euro if they have it in cash. A check or a price-label contain prices both in francs and in Euro. Usually in such cases the exchange-rate comply with official exchange-rate, but if it differs you will be notified in advance. Changing some money to Swiss Francs (CHF) is essential. Money can be exchanged at all train stations and most banks throughout the country.

Switzerland is more cash-oriented than most other European countries. It is not unusual to see bills being paid by cash, even Fr 200 and Fr 1000 notes. Some establishments (but fewer than before) do not accept credit cards so check first. When doing credit card payments, carefully review the information printed on the receipt (details on this can be found in the "Stay Safe" section below). All ATMs accept foreign cards, getting cash should not be a problem.

Coins are issued in 5 centime (brass, rare), 10 centime, 20 centime, ½ Franc, 1 Franc, 2 Franc, and 5 Franc (all silver colored) denominations. One centime coins are no longer legal tender, but may be exchanged until 2027 for face value. Two centime coins have not been legal tender since the 1970's and are, consequently, worthless.

Banknotes are found in denominations of 10 (yellow), 20 (red), 50 (green), 100 (blue), 200 (brown), and 1000 (purple) Francs. They are all the same width and contain a variety of security features.

"Swiss-made": Souvenirs and Luxury Goods

Switzerland is famous for a few key goods: watches, chocolate, cheese, and Swiss Army knives.

  • Watches - Switzerland is the watch-making capital of the world, and "Swiss Made" on a watch face has long been a mark of quality. While the French-speaking regions of Switzerland are usually associated with Swiss watchmakers (like Rolex, Omega, and Patek Philippe), some fine watches are made in the Swiss-German-speaking region, such as IWC in Schaffhausen. Every large town will have quite a few horologers and jewelers with a vast selection of fancy watches displayed their windows, ranging from the fashionable Swatch for 60CHF to the handmade chronometer with the huge price tag. For fun, try to spot the most expensive of these mechanical creations and the ones with the most "bedazzle!!".
  • Chocolate - Switzerland may always have a rivalry with Belgium for the world's best chocolate, but there's no doubting that the Swiss variety is amazingly good. Switzerland is also home to the huge Nestlé food company. If you have a fine palate (and a fat wallet) - you can find two of the finest Swiss chocolatiers in Zurich: Teuscher (try the champagne truffles) and Sprüngli. For the rest of us, even the generic grocery store brand chocolates in Switzerland still blow away the Hershey bars found elsewhere. For a good value, try the "Frey" brand chocolates sold at Migros. If you want to try some real good and exclusive swiss chocolate, go for the Pamaco chocolates, derived from the noble Criollo beans and accomplished through the original, complex process of refinement that requires 72h (quite expensive though, a bar of 125g costs about CHF 8.-). For Lindt fans, it is possible to get them as low as half the supermarket price by going to the Lindt factory store in Kilchberg (near Zurich).
  • Cheese - many different regions of Switzerland have their own regional cheese speciality. Of these, the most well-known are Gruyère and Emmentaler (what Americans know as "Swiss cheese"). Be sure to sample the wide variety of cheeses sold in markets, and of course try the cheese fondue! Fondue is basically melted cheese and is used as a dip with other food such as bread. The original mixture consists of half Vacherin cheese and half Gruyère but many different combinations have been developed since.
  • Swiss Army knives - Switzerland is the official home of the Swiss Army Knife. There are two brands Victorinox and Wenger. Both brands are manufactured by Victorinox. The Wenger business went bankrupt and Victorinox purchased it (2005). Victorinox knives, knife collectors will agree, are far far superior, in terms of design, quality, functionality. The most popular Victorinox knife is the Swiss Champ which has 33 functions and currently costs about CHF78 . Most Tourists will purchase this knife. The "biggest" Victorinox knife is the Swiss Champ 1.6795.XAVT- This has 80 functions and is supplied in a case. This knife costs CHF364. The 1.6795.XAVT may in years to come be a collector's model. Most shops throughout Switzerland stock Victorinox knifes, even some newsagents stock them. They are excellent gifts and souvenirs. The original "Swiss Army Knife" is not red with a white cross (as usually seen by tourists), but gray with a small Swiss flag. The Swiss Army Knife is also produced by Victorinox. Its main particularity is to have the production year engraved on the basis of the biggest blade (and no cork-screw because the Swiss soldier must not drink wine on duty).

Note that Swiss Army Knives must be packed in hold luggage.

Ski and tourist areas will sell the other kinds of touristy items - cowbells, clothing embroidered with white Edelweiss flowers, and Heidi-related stuff. Swiss people love cows in all shapes and sizes, and you can find cow-related goods everywhere, from stuffed toy cows to fake cow-hide jackets. If you have a generous souvenir budget, look for fine traditional handcrafted items such as hand-carved wooden figures in Brienz, and lace and fine linens in St. Gallen. If you have really deep pockets, or just wish you did, be sure to shop on Zurich's famed Bahnhofstrasse, one of the most exclusive shopping streets in the world. If you're looking for hip shops and thrift stores, head for the Niederdorf or the Stauffacher area.

Holey Moley!

Have you ever wondered why Swiss cheese, known locally as Emmentaler, always has those distinct holes? Bacteria are a key part of the cheesemaking process. They excrete huge amounts of carbon dioxide which forms gas bubbles in the curd, and these bubbles cause the holes.

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