Chf to Inr: How trade between Switzerland and India is changing

Did you know that India is Switzerland’s 4th largest trading partner in Asia?

Around 330 Swiss companies have a presence in India, and this could grow as TEPA (Trade and Economic partnership agreement) came into force in October 2025.

The vast majority of the currency exchanged between the two countries is between the Swiss franc (chf) and Indian rupee (inr).  

Switzerland and India Trade: Essential Statistics

Source: (FDFA).

TEPA brings significant opportunities for Swiss exporters

The Free Trade Agreement between India and the EFTA states Norway, Iceland, Liechtenstein and Switzerland, which uses the acronym TEPA has been in place since 1st October 2025. (EFTA). The agreement was finalised on 10th March 2024 after more than 16 years of negotiations.

One of the biggest benefits of the agreement is significantly reduced tariffs on just under 95% of exports (excluding gold). According to SECO, Switzerland will have an advantage over its competition, notably the EU. They also note that savings of up to 167 million CHF per year are possible, once dismantling periods have ended.

Examples of TEPA Advantages by Swiss Industry

Sources: SECO, Switzerland Global Enterprise, European Free Trade Association: Tariff commitments, Tariff Document.

Factors that support trade between Switzerland and India

Bilateral agreements

Formal bilateral relations between the two countries date back to 1947 when India established independence.

Switzerland and India benefit from a number of bilateral agreements which cover things like trade, migration, finance, investment and other areas (EDA).

Investment Promotion

Switzerland is a major investor in India, Swiss direct investment in 2024 reached CHF 10.2 billion.

As well as reducing tariffs, the TEPA agreement is also a commitment from EFTA to invest a total of $50 billion in India in the next decade. The “India-EFTA Desk” was established under the organisation Invest India provides a platform for investors in Switzerland and the other members of EFTA.

This opens up opportunities for MSMEs (Micro, Small and Medium-sized Enterprises) and removes some of the barriers to investment in India.

Trade organisations and groups

There are several organisations who facilitate trade via their networks. These include:

• Swiss-Indian Chamber of Commerce

• Swiss Business Hub India

• Swiss India Business Connect

• Swiss India Business Forum

Many events happen every year in both Switzerland and India, as well as online, which allow members to connect and find contracts that can help achieve business goals. These networks also provide important information about how to access Swiss and Indian markets and which regulations apply.

Exchanging chf to inr: What to be aware of

In terms of how to transfer money from Switzerland to India, businesses will often use banks or foreign exchange providers.

Some banks support transfer from chf to inr, but this may be expensive due to high exchanges rates and international payment fees.

There is also the currency exposure, which can affect the value of goods being exported or of an investment between agreeing the price and sending/receiving payment.

At SwissFx we offer competitive rates when exchanging the Swiss franc and Indian rupee.

We also offer local payments in the Indian rupee, allowing businesses to benefit from faster transfers and lower fees, as if they had a local presence.

Estimated currency rates between chf and inr

Send

CHF

Receive

EUR

You could save up to*

EUR

*Currency rates used are indicative based on the mid-market rate with example spreads used to demonstrate the difference between an average for Swiss banks vs one typically offered by SwissFx.

This is for informational purposes only and you may get a different rate when exchanging money.

Please contact us for an exact price.

Send

CHF

Receive

EUR

You could save up to*

EUR

*Currency rates used are indicative based on the mid-market rate with example spreads used to demonstrate the difference between an average for Swiss banks vs one typically offered by SwissFx.

This is for informational purposes only and you may get a different rate when exchanging money.

Please contact us for an exact price.

Send

CHF

Receive

EUR

You could save up to*

EUR

*Currency rates used are indicative based on the mid-market rate with example spreads used to demonstrate the difference between an average for Swiss banks vs one typically offered by SwissFx.

This is for informational purposes only and you may get a different rate when exchanging money.

Please contact us for an exact price.