Exchange Rate Calculator

The exchange rate between the Hong Kong Dollar (HKD) and the Swiss Franc (CHF) has experienced notable fluctuations over the past few months. This report provides an analysis of the recent trends, underlying factors influencing these movements, and potential future outlooks for the HKD/CHF currency pair.

Recent Exchange Rate Trends

As of May 3, 2025, the HKD/CHF exchange rate stands at approximately 0.1130 CHF per 1 HKD. Over the past six months, the exchange rate has exhibited the following monthly averages:

• October 2024: 0.1109 CHF
• November 2024: 0.1132 CHF
• December 2024: 0.1147 CHF
• January 2025: 0.1169 CHF
• February 2025: 0.1161 CHF
• March 2025: 0.1139 CHF

These figures indicate a peak in January 2025, followed by a gradual decline in the subsequent months.

Factors Influencing the Exchange Rate

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

1. Monetary Policies: The Hong Kong Monetary Authority (HKMA) maintains a currency peg, linking the HKD to the US Dollar (USD) within a tight band. Consequently, the HKD's value is influenced by the USD's performance and the US Federal Reserve's monetary policies. In contrast, the Swiss National Bank (SNB) employs independent monetary policies aimed at ensuring price stability, which can lead to variations in the CHF's value relative to other currencies.

2. Economic Indicators: Economic performance indicators, such as GDP growth rates, inflation, and trade balances, impact investor confidence and currency valuations. Switzerland's reputation as a stable economy and a safe-haven currency often leads to CHF appreciation during global economic uncertainties.

3. Global Market Sentiment: During periods of financial instability or geopolitical tensions, investors tend to flock to safe-haven assets like the CHF, increasing its value against other currencies, including the HKD.

Forecast and Outlook

Analysts have projected a potential decrease in the HKD/CHF exchange rate over the next six months. Forecasts suggest a decline of approximately 5.24%, with the rate potentially reaching 0.1084 CHF per 1 HKD by November 2025. This bearish outlook is attributed to anticipated global economic conditions and monetary policy expectations.

Implications for Stakeholders

For businesses and investors engaged in transactions between Hong Kong and Switzerland, understanding these exchange rate dynamics is crucial. A depreciating HKD relative to the CHF can increase the cost of imports from Switzerland to Hong Kong, affecting pricing strategies and profit margins. Conversely, it may benefit Hong Kong exporters by making their goods and services more competitively priced in the Swiss market.

Conclusion

The HKD/CHF exchange rate has shown variability influenced by monetary policies, economic indicators, and global market sentiments. While recent trends indicate a potential depreciation of the HKD against the CHF, stakeholders should remain vigilant, monitoring economic developments and central bank policies to make informed financial decisions.