How to Convert your Canadian Dollars to Swiss Francs?
Moving money to Switzerland? Find out everything you need to know about how to convert and transfer Canadian dollars to Swiss Franc (CAD - CHF).
Switzerland ranks high as one of the best places for you and your money to be. The country is known for its majestic mountain and lake sceneries, beautiful clocks and watches, impressive ski slopes, and delicious chocolate and cheese.
The Swiss franc is also a tried and tested safe haven currency, meaning it’s less volatile and its value changes less compared to other currencies.
This matters for those who need to send money to pay for merchandise imports, a Swiss university education, a destination wedding in the Alps, the Swiss Golden Visa Program, or any other worthwhile investment.
If you need to pay money into a CHF bank account for any reason, your transfer will be worth more if you look for the best CAD/CHF exchange rates. So use this guide to discover how to convert your Canadian dollars to Swiss francs and save where you can.
How Much is a CHF to a Canadian Dollar?
The first thing most people want to know when exchanging CAD to Swiss franc is how much value they’ll get. Here are some quick answers to some questions you may have:
- What is the currency used in Switzerland? – The Swiss Franc (CHF) is the official currency used in Switzerland and Liechtenstein. It’s one of the most stable currencies in the world.
- How much is a Swiss franc to a Canadian dollar? – The franc is stronger than the Canadian dollar, so you’ll need more dollars to buy CHF.
- What is the CAD - CHF exchange rate today? – The best way to find out the value of the Swiss franc against the CAD in real-time is by using the MTFX rate calculator.
- What can affect the CAD to Swiss franc exchange rate? – Canada and Switzerland use floating exchange rates, meaning both the CAD and CHF are driven by the market forces of supply and demand. These market forces are related to trade, investment, tourism, and geopolitical risk.
When is the Best Time to Convert Canadian Dollars to Swiss Francs?
The value of the Canadian dollar and Swiss franc changes daily. This is normal when currencies float freely against each other. However, it also means that you rarely get the same amount when you exchange currency – sometimes it’s more, and sometimes less.
The best time to convert Canadian dollars to Swiss francs is when your beneficiary gets more franc for your Canadian dollar. Since exchange rate fluctuations are difficult to predict, you can lock in a great rate as soon as you find one or wait for a better rate.
With MTFX, you’ll have plenty of options for finding the most competitive exchange rates. We offer a wide range of FX tools, including currency charts, rate alerts, forward contracts, and market orders.
In addition, we have a reputation as a transparent international money transfer service, meaning you’ll be able to see clearly the exchange rate you get.
There are no surprises because it’s always the mid-market rate, which is typically 3-5% lower than the banks. So regardless of when you send money abroad, you can save money on currency exchange by not overpaying your bank.
How to Send Money from Canada to Switzerland?
Follow these simple steps when sending money to a Switzerland bank account:
- Register your free account with MTFX or log in.
- Select the currency and amount.
- Book a great rate, make the payment, and we'll do the rest.
Knowing how to send money to Switzerland is not enough. You need to find the easiest, fastest, and most convenient way to do it. Luckily, MTFX’s online platform is accessible 24/7 from anywhere, so you can transfer money at the touch of a button.
You can also set up regular payments, monitor live exchange rates, fund your account via bank transfer or bill payment, and send transfers in 100+ currencies.
Is Exchanging CAD to CHF Safe?
Security is always a crucial factor when moving money. That’s why MTFX’s online platform is 100% secure to protect all your regular and large sum transfers.
MTFX is regulated by FINTRAC, and we have invested in enhanced security and technology for safer and more secure transfers. As such, you can transact with confidence, as others have been doing for over 25 years.
How Long Does it Take to Dend Canadian Dollars to Swiss Francs?
An online foreign exchange service like MTFX can move your money quickly and reliably better than your bank. Standard transfers typically take one to two business days, with the option of same day transfers for express payments.
Once you set up your account, you can make transfers 24/7 without the hassle of banking queues, delays, and manual paperwork.
Transfer Canadian Dollars to Swiss francs Today
MTFX offers the best way to send money to Switzerland, whether you’re exchanging currency for business or personal matters. With competitive exchange rates, low transfer fees, and expert guidance, you’re always confident you’re getting more for your money on every transaction.
Open an account today to transfer money from Canadian dollars to Swiss francs with MTFX.
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