Author, Mike Smith
A GBP to CHF forecast is an indicator or expectation of what the exchange rate will be at a later date.
Below, you’ll find data for the current pound-to-swiss franc exchange rate and other useful insights before making your money transfer decision.
Current Pound to Swiss Franc Trend & Outlook
So far in 2024, the Pound has seen a strong upward trajectory against the Swiss Franc. Since the start of the year, GBP has seen a 5-6% increase. This has led to the Pound being at its highest vs Swiss Franc since August 2023.
It’s also worth noting that the current rate is well above it’s 5-year and 10-year averages.
Is the Pound going to get stronger against the Swiss Franc in 2024?
According to economic forecasts, the GBP to CHF rate is projected to grow stronger in 2024. There is a good reason for this. The two countries have a large difference in interest rates.
The UK has a base rate of over 5% compared to just 1.25% in Switzerland. Foreign investors will therefore much prefer to channel moeny into Pounds than Swiss Francs.
Can you trust GBP/CHF forecasts? (long-term vs short-term explained)
You will find many different tools and websites online trying to predict and forecast the future trend for GBP/CHF.
Of course, currencies fluctuate every second of the day, so forecasts, especially long-term predictions (1 year+) should always be taken with a pinch of salt and not as fact.
No one could have predicted the impact of Covid, or for it to even happen, years before it did.
World-changing events like COVID-19 can impact currency pairs, throwing any long-term forecast out of the window.
Short-term forecasts are much easier to understand and trust.
When we say short-term, we mean over the coming days, or weeks, where economic or political events are less likely and fluctuations tend to be much steadier.
When exchanging foreign currency at the right time, for any regular person, it can be quite time-consuming and difficult to manage.
That’s why, at Key Currency, our expert traders are your best ally, to find you the best GBP/CHF rate, at the right time, saving you money.
Compare Our Great Euro to Pound Rates
Is it a good time to buy Swiss Francs with Pounds?
Currently, the GBP to CHF exchange rate is much higher than its 10-year average, with this in mind, it’s a good time to buy Swiss Francs.
What is a good GBP/CHF exchange rate?
It’s worth explaining this further…
A good Pound to Swiss Franc rate will depend on which currency you want to exchange for the other.
If you want to buy Swiss Francs, you would prefer the rate to be higher.
If you were buying GBP, you’d want the rate lower, more in favour of the Swiss Franc.
The historical rates of the GBP/CHF can aid and help set a benchmark.
Let’s take a look at the GBP/CHF exchange rate over the last ten years:
| GBP/CHF | Rate |
| Highest (Nov 15) | 1 Pound to 1.5514 Swiss Franc |
| Lowest (Dec 23) | 1 Pound to 1.0677 Swiss Franc |
| Average Last 10 Years | I Pound to 1.27 to Swiss Franc |
Using the above data is a simple way to determine whether or not the current GBP/CHF is good or bad time to exchange your money.
A lot of the money transfer services available today, including your bank, will leave you to monitor and figure out if exchange rates are in your favour, by yourself. At Key Currency, we pride ourselves on offering consistent support throughout the whole international money transfer process. Including monitoring exchange rates for you and sending you alerts when the Pound to Swiss Franc suits you. You can even tell us your ideal rate and we’ll make sure to let you know if it reaches it. Especially for large money transfers, the fluctuation of an exchange rate, could save or cost you thousands. We don’t add transfer fees to any of our international transactions for customers and our exchange rates are much more competitive than high-street banks. Key Currency is an FCA-regulated and Authorised Institution. This means your money is secure in safeguarded client accounts at all times. With an excellent Trustpilot rating from thousands of happy customer reviews, we are a currency broker customers trust. Convert Pounds to Swiss Francs with us today by getting a customer quote below!Get Support with Exchange Rates and Save Money with Key Currency
Want to Read More?
- What are BIC/SWIFT Codes?
- Send Money from Spain in 4 Steps
- A Guide to Selling Property Abroad & Sending the Money to the UK
Article sources: