Exchange Rate Calculator

The exchange rate between the Swiss Franc (CHF) and the Hong Kong Dollar (HKD) has exhibited notable fluctuations over the past few years, influenced by various economic factors and monetary policies. Understanding these trends is essential for investors, businesses, and policymakers engaged in transactions involving these currencies.

Historical Exchange Rate Trends

2023 Overview

In 2023, the CHF/HKD exchange rate experienced significant volatility. The highest rate was recorded on December 29, 2023, at 1 CHF = 9.2883 HKD, while the lowest was on February 28, 2023, at 1 CHF = 8.3335 HKD. The average exchange rate for the year stood at 8.7183 HKD per CHF. Overall, the Swiss Franc appreciated by approximately 10.19% against the Hong Kong Dollar during this period. (exchange-rates.org)

2024 Overview

The following year, 2024, saw a reversal in this trend. The CHF/HKD exchange rate peaked at 1 CHF = 9.2786 HKD on August 27, 2024, and reached its lowest point at 1 CHF = 8.5099 HKD on April 30, 2024. The average exchange rate for the year was 8.8662 HKD per CHF. By the end of 2024, the Swiss Franc had depreciated by approximately 7.76% against the Hong Kong Dollar. (exchange-rates.org)

Factors Influencing Exchange Rate Movements

Several factors have contributed to the observed fluctuations in the CHF/HKD exchange rate:

1. Monetary Policies: The Swiss National Bank (SNB) and the Hong Kong Monetary Authority (HKMA) implement monetary policies that directly impact their respective currencies. The SNB's decisions on interest rates and interventions in the foreign exchange market can influence the value of the Swiss Franc. Similarly, the HKMA's maintenance of the Hong Kong Dollar's peg to the US Dollar at a fixed rate of HK$7.80 = US$1 affects its exchange rate dynamics. (en.wikipedia.org)

2. Economic Indicators: Economic performance indicators such as GDP growth, inflation rates, and trade balances in both Switzerland and Hong Kong play a crucial role in determining currency strength. For instance, stronger economic growth in Switzerland relative to Hong Kong can lead to an appreciation of the Swiss Franc against the Hong Kong Dollar.

3. Global Economic Events: Events such as geopolitical tensions, global financial crises, and changes in commodity prices can lead to increased volatility in currency markets. The Swiss Franc is often considered a safe-haven currency, leading to its appreciation during periods of global uncertainty.

Recent Developments and Future Outlook

As of April 21, 2025, the CHF/HKD exchange rate continues to be influenced by the aforementioned factors. Analysts project that the exchange rate may reach 10.52 by September 17, 2025, and 14.37 by September 17, 2029. (gov.capital) These projections suggest a potential appreciation of the Swiss Franc against the Hong Kong Dollar in the coming years.

Implications for Stakeholders

Understanding the dynamics of the CHF/HKD exchange rate is vital for various stakeholders:

• Investors: Currency fluctuations can impact the returns on investments denominated in these currencies. Investors should consider exchange rate trends when making investment decisions.

• Businesses: Companies engaged in trade between Switzerland and Hong Kong need to manage currency risk to protect profit margins. Hedging strategies can be employed to mitigate potential losses due to adverse exchange rate movements.

• Policymakers: Monitoring exchange rate trends helps in formulating appropriate monetary and fiscal policies to maintain economic stability.

In conclusion, the CHF/HKD exchange rate has experienced notable fluctuations over the past few years, influenced by monetary policies, economic indicators, and global events. Staying informed about these factors is essential for making informed financial decisions.