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Located in the center of a number of countries in the Euro zone, Switzerland - which is not a member of the European Union - has its own national currency, the Swiss franc. You will see this denoted as CHF or SFr. A Swiss franc is made up of 100 rappen or centimes (depending on which language area you are in). Bank notes come in denominations of 10, 20, 50, 100, 200, and 1,000 francs and while coins come in 5, 10 and 20 rappen/centimes, or 1/2, 1, 2, and 5 francs. However EURO notes are widely accepted in shops and restaurants. . Your change however will be in Swiss Francs and the exchange rate used to calculate both the price and the money given back will not be at a rate that is favourable to you. So you loose money.
All though credit cards are used widely - even in supermarkets - the Swiss way of paying for things is much more cash or debit card oriented. The more common cards used are VISA and MASTERCARD, American Express and Diner's Club rarely appear. Discover is not used at all. If you plan to use a credit card for a purchase it is wise to check as you enter a store or restaurant as there will be stickers on the window or at the door. Check with the cashier as well before he/she totals your items. There is sometimes a minimum purchase required before you can pay with a credit card.
Visitors needing cash will find that the most convenient way of getting francs is via ATMs. They are found everywhere and are usually your best bet for getting cash at the most favourable exchange rate. Currency exchange can be found in most SBB/CFF train stations as well as in any bank though there is usually a commission charged for each exchange.
** Note: Some of the information for this page came from the following forum thread: