NOK/CHF: what to know
The NOK/CHF rate shows how much CHF you get for 1 NOK. Right now, 1 NOK buys 0.0870 CHF at the mid-market rate. In the other direction, 1 CHF is worth 11.4900 NOK.
In the short term NOK is driven mainly by oil and gas prices, while CHF responds to safe-haven demand and SNB policy.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. 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 NOK/CHF rate has ranged between 0.0779 and 0.0872 — a change of +8.81% 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.