Swiss Franc
CHFOften cited as relatively sound
M2 money supply, indexed to 2001 = 100
Every line goes up — that’s the point. Angle of attack tells the story.
All series matched through 2024; some central-bank sources lag a year or two.
CHF highlighted against the top 10 reserve currencies — M2 broad money, indexed to 2001 = 100. CHF series: OECD via DBnomics, as of 2026.
Swiss Franc M2 money supply
Broad money in CHF (cash + deposits + close substitutes), annual back to ~1960 via World Bank FM.LBL.BMNY.CN. Log scale auto-engages for hyperinflation outliers.
Swiss Franc inflation history
Annual CPI YoY since 1966 — World Bank consumer price index for Switzerland. Inflation volatility is one of three inputs into the Money2069 sound-money score.
Purchasing power calculator
How much would your Swiss Franc be worth today if you'd held it since…?
Calculation: cumulative product of (1 + CPI YoY) from the chosen year through 2025. Source: World Bank consumer price index (annual). Daily-refreshed.
Data sources & methodology
- FX (USD):
- Frankfurter / ECB · daily, Exchange Rate API fallback
- CPI YoY:
- World Bank FP.CPI.TOTL.ZG · annual
- M2 broad money:
- IMF / central-bank monthly · World Bank annual fallback (LCU)
- Market cap (USD):
- M2 / FX rate · daily
- 10-year M2 change:
- (M2 today / M2 10y ago) − 1
- M69 score:
- Weighted: CPI (50%), 10y M2 growth (40%), 1y FX stability (10%)
- Last fetched:
- 2026-07-30 02:00:01
- Country code (ISO 3166-1):
- CHE
Note: Often cited as relatively sound
Raw data: /api/v1/currencies/current/CHF · Rates by Exchange Rate API
The Swiss Franc from a sound-money lens
Often cited as relatively sound — but the SNB owns more US equities than most pension funds.
The Swiss franc enjoys the closest thing fiat currencies have to a sound-money reputation. Switzerland's constitutional debt brake, the Swiss National Bank's mandate to ensure price stability, and the country's neutrality have combined to deliver some of the lowest inflation in the developed world — averaging well under 2% YoY for the past three decades.
That reputation is partly earned and partly an accident of geography. The franc is a recurring safe-haven destination during European crises, which forces the SNB into one of the strangest balance sheets on Earth: ~CHF 800 billion in foreign currency reserves, roughly 100% of Swiss GDP, with about a quarter of that held as US equities. The SNB is, mechanically, one of the largest US equity investors in the world.
The 2015 abandonment of the EUR/CHF 1.20 floor was a pivotal moment: rather than print unlimited francs to defend the peg, the SNB chose to take a one-day 20% currency revaluation. The episode wiped out several FX brokerages and revealed the limit of even Switzerland's commitment to monetary expansion.
CPI inflation peaked at 3.5% in 2022 — its highest in three decades, but a fraction of the eurozone print. The franc's purchasing power against goods has held remarkably well: CHF 100 in 1999 still buys roughly CHF 85 of comparable goods today. By the standards of this page, that's the sound-money podium. By the standards of gold or hard assets — still a managed decline.
Frequently asked questions
Who issues the Swiss Franc?+
What is the inflation rate of the Swiss Franc?+
Has the Swiss Franc been debased?+
Is the Swiss Franc sound money?+
How does the Swiss Franc compare to gold or the US dollar?+
How often is this data updated?+
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The Swiss Franc inflates by policy. Money2069 runs on fixed rules — issuance targets 0%, purchasing power preserved by design, no central bank required.
