JPY/CHF: what to know
The JPY/CHF rate shows how much CHF you get for 1 JPY. Right now, 1 JPY buys 0.005171 CHF at the mid-market rate. In the other direction, 1 CHF is worth 193.3988 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while CHF responds to safe-haven demand and SNB policy.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. The Swiss Franc (CHF) is issued by Swiss National Bank (SNB). In uncertain times investors park money in the franc to preserve value.
Over the past 12 months the JPY/CHF rate has ranged between 0.004901 and 0.005430 — a change of -4.36% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.