USD/CHF Currency Exchange Rate & News

The United States dollar is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The U.S. dollar was originally defined under a bimetallic standard of 371.25 grains fine silver or, from 1834, 23.22 grains fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, its equivalence to gold was revised to $35 per troy ounce. In 1971 all links to gold were repealed. The U.S. dollar became an important international reserve currency after the First World War, and displaced the pound sterling as the world's primary reserve currency by the Bretton Woods Agreement towards the end of the Second World War. The dollar is the most widely used currency in international transactions, and a free-floating currency. Wikipedia

About Swiss Franc

The Swiss franc, or simply the franc, is the currency and legal tender of Switzerland and Liechtenstein. It is also legal tender in the Italian exclave of Campione d'Italia, which is surrounded by Swiss territory. The Swiss National Bank issues banknotes and the federal mint Swissmint issues coins. It is also designated through the currency signs Fr., fr., or CHF, which stands for Confoederatio Helvetica Franc. This acronym also serves as the ISO 4217 currency code, used by banks and financial institutions. The smaller denomination, a hundredth of a franc, is a Rappen in German, centime in French, centesimo in Italian, and rap in Romansh. The official symbols Fr. and fr. are widely used by businesses and advertisers, including in English. However, according to Art. 1 SR/RS 941.101 of the federal law collection, the internationally official abbreviation – regardless of the national languages – is CHF, which is also to be used in English; respective guides also request that the ISO 4217 code be used. The use of SFr. for Swiss Franc and fr.sv. are outdated. Wikipedia