Money exchange US dollar to Swiss franc

Money exchange US dollar to Swiss franc

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Posts: 19. This thread is closed.
texbase
texbase
6 posts
new member
Aug 19, 2015 - 2:26 PM

Where is the best place to exchange US dollars for the Swiss dollar? I am looking for the best exchange rate.

Slowpoke
Slowpoke
2648 posts
expert
Aug 19, 2015 - 5:04 PM in reply to texbase

<<"Where is the best place to exchange US dollars for the Swiss dollar? I am looking for the best exchange rate.">>

Where are you and where will you be that you wish to do the exchange?

For example, I would not recommend the Travelex booths at US airports.Nor would I like to recommend a place you are unlikely to visit.

Finally, I assume that your not moving enough money that you could negotiate a rate?

Slowpoke

kim11
kim11
322 posts
top member
Aug 19, 2015 - 11:43 PM in reply to Slowpoke

Hi Texbase,

The best exchange rate is not to change paper money at all, rather, use your ATM card to withdraw Swiss Francs once you are in country. Your exchange rate will be considerably less than paying another intermediary. ATMs are pretty much everywhere. Some tips:

1. Find out if your bank charges a fee for withdrawals from foreign ATMS and, if so, how that fee is assessed. For example, our bank charges a flat $5 regardless of withdrawal amount. Therefore, we requested our withdrawal max be set as high as possible (in this case, $1,000) and we make one or two larger withdrawals vs lots of smaller ones.

2. Be sure to let your bank know where and when you will be traveling or they will likely deny any ATM withdrawals at all. Same goes for your credit card companies. Most allow you to do this easily on -line.

3. If you withdraw money from a Swiss ATM on a Friday or over a weekend it is highly likely that you won't be able to make another withdrawal until Tuesday when your US bank opens (Monday in the US).

Ellentan
Ellentan
24 posts
new member
Aug 20, 2015 - 5:00 AM

hi everyone, I have same question here. I can't get a good rate here in my country also hardly to find money changer that have the currency given that less ppl trade the currency to the money changers. So thinking to exchange USD dollar to swiss franc. Any place that give me good rate for that? I'll be landed in Zurich airport and taking train to Lucerne. Thanks in advance!

kim11
kim11
322 posts
top member
Aug 20, 2015 - 5:05 AM in reply to Ellentan

Do you have a bank account with a debit/ATM card in your home country? If so, follow idea above.

If not, tell us more about your situation so we can better advise.

Ellentan
Ellentan
24 posts
new member
Aug 20, 2015 - 5:14 AM

nope, we do not have card for the USD currency account. so we will be bringing the hard cash there to change to swiss franc. I doubt I can get good rate @ the airport so thinking where else can we get good rate. Any money exchange website that we can get to know what's rate for the day?

Arno
Arno
7713 posts
expert &
moderator
Aug 20, 2015 - 7:56 AM in reply to Ellentan

Hi Ellentan,

You don't need a card based on USD. I noticed you live in Malaysia. What Kim suggests is that you just use a debit card from your own bank and go to any ATM in Switzerland to get Swiss francs. As she suggests, do some research about the fees and possible limitations of your bank.

The rates are listed on myswissalps.com/ swissfranc, or check xe.com.

Last modified on Aug 20, 2015 - 7:57 AM by Arno
Ellentan
Ellentan
24 posts
new member
Aug 20, 2015 - 8:26 AM

Hi Arno, any advice where in Switzerland can we change our currency?

Slowpoke
Slowpoke
2648 posts
expert
Aug 20, 2015 - 12:08 PM in reply to Ellentan

Hi Ellentan -

Unlike many airports, the Zürich airport has offices of the main banks for changing money. Go to the counter and check the rates also on the banks own ATM, using your Malaysian credit card. Zurich main Station has ZKB (Zurich Kantonal Bank), Credit Suisse, UBS, etc. I'd use the CS or UBS machines, or the SBB currency exchange service.

There is a joke that Switzerland has a bank on every corner. It is pretty close to true. The rail stations also do foreign exchange Check for one in Zürich main station (or other main stations.) I used to use them all the time before ATM's were common. Their rates are on line to give you a hint.

www.sbb.ch/en/station-services/services/chan ge-currency-exchange.html

www.sbb.ch/en/station-services/services/chan ge-currency-exchange/pos_change.ht ml

Here is a map of the station.

www.sbb.ch/content/dam /infrastruktur/trafima ge/bahnhofplaene/plan-zuerich-hb-shopping.pdf

SBB currency exchange is probably at the SBB travel bureau at #102 on the "Nordtrakt". Main floor,

The text with the map shows services.

If you bring USD, you have to do two conversions.....two costs.

Banks almost always give a rate better than Travelex and other similar vendors.

Last modified on Aug 20, 2015 - 12:09 PM by Slowpoke
Ellentan
Ellentan
24 posts
new member
Aug 21, 2015 - 11:52 AM in reply to Slowpoke

Hi Slowpoke!

Thanks for all the useful infos! great to know about the joke! =) It certainly gives us the convenience!

Is CS or UBS machines, or the SBB currency exchange service give better rates if you would prefer it?

Any idea if I can get a good one at zurich airport before departing to Lucerne?

Thanks again!

Ellentan
Ellentan
24 posts
new member
Aug 21, 2015 - 11:54 AM in reply to Ellentan

Oh ya, sorry missing one question here!

What you mean by I have to do two conversions ya?

Slowpoke
Slowpoke
2648 posts
expert
Aug 21, 2015 - 12:19 PM in reply to Ellentan

<<:What you mean by I have to do two conversions ya">>

From malaysian currency to USD (fee #1 in Malaysia). From USD toCHF (Fee #2. in Switzerlnda)

Slowpoke
Slowpoke
2648 posts
expert
Aug 21, 2015 - 12:29 PM in reply to Ellentan

<<"Any idea if I can get a good one at zurich airport before departing to Lucerne? ">>

Check out the info/maps, etc for the airport on the internet, the way I did for Zürich main station.

There are substantial SBB travel offices at Zürich airport and Luzern main station.

At Zürich airport the train station is right across the street (1 minute walk), use a luggage cart. Then, down the escalators. Luggage carts ride the escalators. Step back just a little when the cart first enters the downward part and the handle comes up at you due to the change in angle.

There are exchanges inside and outside the baggage claim hall at the airport. Don't know how many, because there is a lot of construction there right now. Used to be 2 or 3.

jpatyl2003
jpatyl2003
34 posts
active member
Aug 22, 2015 - 4:09 AM

Hi all,

Will it be better to bring US$ cash or Canadian $ cash to do the money exchange?

Will the bank open on Saturday?

Thanks

JP

Slowpoke
Slowpoke
2648 posts
expert
Aug 22, 2015 - 11:42 AM in reply to jpatyl2003

Either can be exchanged. I don't know how to judge which is best.

The exchange at the SBB in Zurich Main Station id open 7 days per week.

www.sbb.ch/en/station-services/am-bahnhof/railway-stations/bahnhof-finden.posid.3000.html ?WT.ac=service-zh-en

I think that is true of other stations as well.

Don't know about the banks regular offices , but I am sure that the bank exchange offices at the airport will be open on Saturdays.

Slowpoke
jpatyl2003
jpatyl2003
34 posts
active member
Aug 26, 2015 - 7:24 AM in reply to Slowpoke

Hi Slowpoke,

Appreciate the response.

JP

Slowpoke
Slowpoke
2648 posts
expert
Aug 26, 2015 - 1:16 PM in reply to jpatyl2003

You're welcome. Hope it helps.

Slowpoke

lkbavmn
lkbavmn
11 posts
new member
Aug 28, 2015 - 11:30 PM in reply to jpatyl2003

JP you might be able to get a general idea of which is better for exchange -- US $ or Canadian $ by going to the currency exchange website: www.xe.com/currencycon verter/ and compare the two -- US $ to CHF and Canadian $ to CHF. As of today it looks like 1 Can. $ = .73 CHF and

1 US $ = .96 CHF

Slowpoke
Slowpoke
2648 posts
expert
Aug 28, 2015 - 11:36 PM in reply to lkbavmn

To complete the comparison, what is the USD/CanD ratio given?

Slowpoke.

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