Are you thinking of taking a trip to Switzerland? If so, it’s a good idea to have an understanding of where to buy Swiss Francs before doing so! That way, you won’t be left scrambling and unable to buy the gorgeous Swiss chocolate or a cuckoo clock at the last minute.
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What is a Swiss Franc?
A Swiss Franc (CHF) is the official currency of the Swiss Confederation and Liechtenstein. It’s made up of 100 smaller units called centimes, which makes budgeting for your trip simple and easy. And, don’t worry if you can’t quite wrap your head around all the money conversions – approximating a dollar to a Swiss franc usually works out just fine.
Where to Buy Swiss Francs
Good question! Here are some tried and tested methods for acquiring Swiss francs before your next trip:
From your local bank or foreign exchange broker
It’s easy (and convenient) to exchange your currency for Swiss francs at your local bank or foreign exchange broker. Some banks offer higher exchange rates online, so it’s worth doing a bit of research before you hit the ATM.
From an ATM in Switzerland
The other option is to wait and find an ATM in Switzerland to withdraw Francs. While this can save you some money on exchange fees, be aware that not all ATMs will allow you to draw Francs. Also, you may incur other fees from your home bank.
In shops and restaurants
Once you’ve arrived in Switzerland, you can buy Swiss Francs in person in many shops, restaurants, and street stalls. Be wary that the exchange rate might not be as favorable as what you’d find at a bank. Nevertheless, it’s a handy way to save on withdrawal fees!
From a Swiss friend
Do you actually know someone who lives in Switzerland? If so, you’re luckier than most! Having a Swiss friend may enable you to purchase francs directly, at a particularly favorable rate – sometimes even for free!
In conclusion, buying Swiss Francs is easy if you’re prepared and know where to look. There are many methods available for exchanging your currency for CHF, whether online, in an ATM, or in person – so don’t worry about running out of Francs for that chalet stay (or for some cheese fondue!). Enjoy your trip to Switzerland!