Switzerland Economic Information
Central Bank: Swiss National Bank (SNB)
Currency: Swiss franc (CHF, Fr or SFr)
One of the world's most stable economies, Switzerland enjoys a reputation for highly advanced financial services, long-term monetary security and strong bank confidentiality. Considered a safe-haven for investors, Switzerland thrives on foreign investments especially during times of global risk aversion. A popular currency for the Carry Trade, the Swiss franc is considered to be one of the most inflation-resistant currencies in the world.
Key industries:
Machinery, chemicals, watches, textiles, precision instruments, tourism, banking, and insurance.
Agricultural products:
Grains, fruits, vegetables, meat, eggs.
Export commodities:
Machinery, chemicals, metals, watches, agricultural products.
Import commodities:
Machinery, chemicals, vehicles, metals, agricultural products, textiles.
Historical foreign currency exchange rates
 Downward Trend |
 Upward Trend |
| Source: These exchange rates are interbank rates as published by Interactive Data as of 8/29/2010. These rates were not available to retail customers and were not the rates offered by EverBank. Past performance does not guarantee future results. |
A few factors to consider when evaluating the Swiss franc:
Reasons to consider
- The Swiss economy has continued to grow in 2009, amidst all the global recession.
- One of just a few currencies that increased against the U.S. dollar in 2008, the Swiss Franc ended the year up 6.04%.
- Changes in Swiss immigration seem to have potentially boosted economic growth.
- Exports continue to boost Swiss growth. The portfolio of products from countries that buy Swiss products has been diversified, reducing its dependence on individual countries.
Risk factors to consider
- While not a member of the European Union, the Swiss economy could become more closely integrated with its European neighbors due to bilateral agreements.
- Pressure from the European Union on Switzerland to relax the confidentiality of their banking system could impact the Swiss economy and Swiss franc.
How EverBank can help with your Swiss franc needs?
WorldCurrency® CDs (Single-currency CDs): Earn interest rates at local rates in the currency of your choice.
WorldCurrency Basket CDs (Multi-currency CDs): Open a single CD comprised of multiple currencies, each designed to focus on a specific regional strength, and/or geopolitical and economic development. This currency is available in the following Basket CD(s):
WorldCurrency Access Deposit Account: Open a transactional money market account in the currency of your choice.
I'm interested in opening a WorldCurrency® account, what is my next step?
Please note: Not all investments are right for all investors. You should conduct your own research and/or consult with an investment advisor before making any investment.
- Before opening a WorldCurrency account, we recommend reading the following pages:
- If you are ready to open your WorldCurrency account, apply online or call 800.926.4922 for more information.
- For your protection, we require that you sign and mail your application along with a deposit.
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- EverBank, the EverBank Infinity Sphere and the EverBank logo, along with WorldCurrency and Euro Trax are proprietary service marks of EverBank. All rights reserved.
