🇨🇭 CHF vs 🇸🇪 SEK: Currency Strength Comparison
Data updated: November 6, 2026
On November 6, 2026, one Swiss Franc bought 12.06 SEK at the official reference rate, so per unit the Swiss Franc is worth more. A higher unit value only reflects how each currency is denominated, not which one is gaining: over the past 12 months CHF strengthened by 2.2% against SEK, so on momentum the Swiss Franc (CHF) is the stronger of the two.
Adjusted for consumer-price inflation in both economies, CHF gained 1.5% in real terms against SEK over the same period.
CHF relative to SEK
Positive values mean CHF strengthened against SEK.
CHF vs SEK over the last three years
CHF against SEK, index 100 on November 6, 2023. A rising line means CHF gained on SEK. Dashed: the same, adjusted for consumer-price inflation in both economies. Green dot: 3-year high, red: 3-year low.
- 3-year high: 103.3 on November 21, 2024, when CHF was at its strongest against SEK in the period.
- 3-year low: 93.0 on April 3, 2025.
- Now: 99.8, 3.4% below the high and 7.3% above the low.
- Sharpest one-month move: CHF rose 7.2% against SEK between April 3, 2025 and April 16, 2025, around the time of “Franc surges on tariff safe-haven flows” (🇨🇭 April 2, 2025).
What moved CHF and SEK
- · 🇸🇪 Riksbank holds, signals cuts finished — The Riksbank holds at 1.75% and signals its 2025 easing cycle is complete
- · 🇨🇭 US-Switzerland cut tariff to 15% — A new framework deal cuts the US tariff on Swiss goods from 39% to 15%
- · 🇨🇭 US imposes 39% tariff on Switzerland — A 39% US tariff takes effect on Swiss goods, the highest rate on any developed economy
- · 🇨🇭 SNB cuts policy rate to zero — Swiss National Bank cuts to 0.00%, its sixth straight reduction, amid very low inflation
- · 🇨🇭 SNB starts cutting — SNB first major central bank to cut rates in 2024
Major central-bank decisions, elections and shocks for the two currencies since November 6, 2023. The interactive chart marks them on the line.
Performance against 15 major currencies
| Currency | 12-month change vs basket | Rank |
|---|---|---|
| 🇨🇭 Swiss Franc (CHF) | -0.4% | #8 of 16 |
| 🇸🇪 Swedish Krona (SEK) | -2.7% | #14 of 16 |
Open the interactive CHF/SEK chart →
How this comparison works
Each currency's strength index starts at 100 and accumulates its daily change against 15 other major currencies (a geometric mean of pairwise exchange-rate moves), using European Central Bank reference rates and other official sources. The relative figures above divide CHF's index by SEK's, so they reflect the two currencies' performance against each other while accounting for the whole basket. The real variant additionally adjusts each currency for its domestic CPI inflation.
Read the full methodology →Frequently asked questions
Is CHF stronger than SEK right now?
It depends on the question. Per unit, 1 CHF = 12.06 SEK (reference rate, November 6, 2026), so the Swiss Franc is worth more. As for which one is gaining, over the past 12 months CHF strengthened by 2.2% against SEK, so on momentum the Swiss Franc (CHF) is the stronger of the two.
How do CHF and SEK perform against other major currencies?
Against a basket of 15 major currencies over the past 12 months, CHF ranks #8 of 16 (-0.4%) while SEK ranks #14 (-2.7%).
What does the CHF vs SEK strength comparison show?
Rather than a single exchange rate, this page compares how each currency performed against a basket of 15 major currencies, then derives their relative strength. It filters out moves caused by the other currency alone and shows who is truly stronger.
How often is the data updated?
Every trading day (Monday to Friday), after the European Central Bank publishes its reference rates, usually around 16:00 CET.