Question 1

Why is the Swiss franc a safe haven?

Accepted Answer

Switzerland's political stability, strong banking system, and neutrality make CHF attractive during crises.

Question 2

What is the Swissie?

Accepted Answer

Swissie is forex slang for CHF. The Swiss National Bank actively manages the franc's value.

Question 3

How often should I check exchange rates?

Accepted Answer

For large transactions, check rates multiple times per day as they fluctuate constantly. For small amounts, daily rates are usually sufficient.

Question 4

What affects currency conversion fees?

Accepted Answer

Banks typically add 2-4% markup on exchange rates. Credit cards may charge foreign transaction fees. Currency exchange services often have the worst rates.

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