Exchange Rate Calculator

The exchange rate between the Swiss Franc (CHF) and the Chinese Yuan (CNY) has experienced notable fluctuations over the past few months, reflecting a complex interplay of economic indicators, monetary policies, and global market sentiments. Understanding these dynamics is crucial for investors, businesses, and policymakers engaged in Swiss-Chinese economic activities.

Recent Exchange Rate Trends

From January to April 2025, the CHF/CNY exchange rate has exhibited a series of fluctuations. In January, the rate stood at approximately 7.20 CNY per CHF. By mid-February, it appreciated to around 7.35, before declining to 7.10 in early March. As of April 21, 2025, the exchange rate is approximately 7.25 CNY per CHF. These movements indicate a period of volatility influenced by various economic factors.

Economic Indicators and Their Impact

Several key economic indicators have played a role in shaping the CHF/CNY exchange rate:

• Swiss Economic Performance: Switzerland's GDP growth rate in Q1 2025 was reported at 1.8%, slightly below the anticipated 2.0%. This modest growth has contributed to a cautious outlook on the Swiss economy, affecting the strength of the CHF.

• Chinese Economic Performance: China's economy expanded by 5.5% in the same period, surpassing expectations. This robust growth has bolstered the CNY, exerting downward pressure on the CHF/CNY exchange rate.

• Inflation Rates: Switzerland's inflation rate remained low at 0.9%, while China's inflation stood at 2.3%. The relatively higher inflation in China suggests a potential depreciation of the CNY, yet the strong economic growth has counterbalanced this effect.

Monetary Policies

Monetary policies implemented by the Swiss National Bank (SNB) and the People's Bank of China (PBOC) have significantly influenced the exchange rate:

• Swiss National Bank: The SNB maintained its policy interest rate at -0.75% throughout the period, aiming to prevent excessive appreciation of the CHF, which could harm Swiss exports.

• People's Bank of China: The PBOC reduced its benchmark interest rate by 25 basis points in February 2025 to stimulate economic growth. This move increased the attractiveness of the CNY, contributing to its appreciation against the CHF.

Global Market Sentiments

Global market sentiments have also played a role in the CHF/CNY exchange rate dynamics:

• Trade Relations: Improved trade relations between China and major economies have enhanced investor confidence in the CNY.

• Safe-Haven Demand: The CHF is traditionally considered a safe-haven currency. Periods of global uncertainty have led to increased demand for the CHF, causing temporary appreciations against the CNY.

Outlook

Looking ahead, the CHF/CNY exchange rate is likely to continue experiencing fluctuations influenced by economic performance, monetary policies, and global market sentiments. Investors and businesses should closely monitor these factors to make informed decisions regarding Swiss-Chinese financial engagements.