Currency Surcharge Switzerland – Monthly Floating (as of April 2021)

Since the Swiss National Bank SNB lifted the minimum exchange rate of CHF 1.20 per euro in January 2015, the euro (EUR) to Swiss Franc (CHF) exchange rate has been subject to considerable fluctuations. This represents an increasingly incalculable cost factor for the services provided by DB Schenker in Switzerland. These currency costs, which are beyond our control, must be compensated in the form of a variable currency surcharge.

In April 2015, Schenker Deutschland AG therefore introduced for the first time a variable methodology for determining a separate currency surcharge for general cargo shipments to and from Switzerland.

The monthly floating currency surcharge Switzerland* on the door-to-door rates in system freight transport can be seen in the following table:

Exchange rate

Exchange rate

to

Currency

CHF from

CHF to

EUR

surcharge

1.2

1.25

1

0.00%

1.15

1.19

1

1.50%

1.1

1.14

1

3.50%

1.05

1.09

1

5.50%

1

1.04

1

7.50%

0.95

0.99

1

9.50%

0.9

0.94

1

11.50%


Historical development of the currency surcharge at Schenker Deutschland AG:

Review period

Level

Currency

Valid from

Exchange rate

surcharge

EUR-CHF

Schwitzerland

March 2021/April 2021

1.10

3.50%

01.05.2021

February 2021/March 2021

1.10

3.50%

01.04.2021

January 2021/February 2021

1.08

5.50%

01.03.2021

December 2020/January 2021

1.08

5.50%

01.02.2021

November/December 2020

1.08

5.50%

01.01.2021

October/November 2020

1.07

5.50%

01.12.2020

September/October 2020

1.08

5.50%

01.11.2020

August/September 2020

1.08

5.50%

01.10.2020

July/August 2020

1.08

5.50%

01.09.2020

June/July 2020

1.07

5.50%

01.08.2020

May/June 2020

1.07

5.50%

01.07.2020

April/May 2020

1.05

5.50%

01.06.2020

March/April 2020

1.06

5.50%

01.05.2020

February/March 2020

1.06

5.50%

01.04.2020

January/February 2020

1.07

5.50%

01.03.2020

December 2019/January 2020   

1.09

5.50%

01.02.2020

November/December 2019

1.10

3.50%

01.01.2020

October/November 2019

1.10

3.50%

01.12.2019

September/October 2019

1.09

5.50%

01.11.2019

August/September 2019

1.09

5.50%

01.10.2019

July/August 2019 

1.10

3.50%

01.09.2019

June/July 2019

1.11

3.50%

01.08.2019

May/June 2019

1.12

3.50%

01.07.2019

April/May 2019

1.14

3.50%

01.06.2019

March/April 2019

1.13

3.50%

01.05.2019

February/March 2019

1.14

3.50%

01.04.2019

January/February 2019

1.14

3.50%

01.03.2019

December 2018/January 2019

1.13

3.50%

01.02.2019

November/December 2018

1.13

3.50%

01.01.2019

October/November 2018

1.14

3.50%

01.12.2018

September/October 2018

1.14

3.50%

01.11.2018

August/September 2018

1.13

3.50%

01.10.2018

July/August 2018

1.15

1.50%

01.09.2018

June/July 2018

1.16

1.50%

01.08.2018

May/June 2018

1.16

1.50%

01.07.2018

April/May 2018

1.19

1.50%

01.06.2018

March/April 2018

1.18

1.50%

01.05.2018

February/March 2018

1.16

1.50%

01.04.2018

January/February 2018

1.16

1.50%

01.03.2018

December 2017/January 2018

1.17

1.50%

01.02.2018

November/December 2017

1.17

1.50%

01.01.2018

October/November 2017

1.16

1.50%

01.12.2017

September/October 2017

1.15

1.50%

01.11.2017

August/September 2017

1.14                 

3.50%          

01.10.2017

July/August 2017

1.13

3.50%

01.09.2017

June/July 2017

1.09

5.50%

01.08.2017

May/June 2017

1.09

5.50%

01.07.2017

April/May 2017

1.08

5.50%

01.06.2017

March/April 2017

1.07

5.50%

01.05.2017

February/March 2017

1.07

5.50%

01.04.2017

January/February 2017

1.07

5.50%

01.03.2017

December 2016/January 2017

1.07

5.50%

01.02.2017

November/December 2016

1.08

5.50%

01.01.2017

October/November 2016

1.08

5.50%

01.12.2016

September/October 2016

1.09

5.50%

01.11.2016

August/September 2016

1.09

5.50%

01.10.2016

July/August 2016

1.09

5.50%

01.09.2016

June/July 2016

1.08

5.50%

01.08.2016

May/June 2016

1.10

3.50%

01.07.2016

April/May 2016

1.10

3.50%

01.06.2016

March/April 2016

1.09

5.50%

01.05.2016

February/March 2016

1.09

5.50%

01.04.2016

January/February 2016

1.10

3.50%

01.03.2016

December 2015/January 2016

1.08

5.50%

01.02.2016

November/December 2015

1.08

5.50%

01.01.2016

October/November 2015

1.08

5.50%

01.12.2015

September/October 2015

1.09

5.50%

01.11.2015

August/September 2015

1.09

5.50%

01.10.2015

July/August 2015

1.06

5.50%

01.09.2015

June/July 2015

1.05

5.50%

01.08.2015

May/June 2015

1.04

7.50%

01.07.2015

April/May 2015

1.04

7.50%

01.06.2015

March/April 2015

1.05

5.50%

01.05.2015

February/March 2015

1.07

5.50%

01.04.2015

January 2015

1.00

7.50%

09.02.2015


Mathematical derivation:

The surcharge results from the proportionate increase in value-added costs that have to be provided in Switzerland and therefore remunerated in Swiss francs.

Schenker Deutschland AG calculates the currency surcharge on the basis of the average Euro/Swiss Franc exchange rate for a defined period. This is based on the effective date of the current currency surcharge - from the 16th day of the month before last to the 15th day of the preceding month.**

An example: The currency surcharge in April 2015 is based on the mean value of the exchange rate from February 16 to March 15, 2015.

What does that exactly mean?

If the exchange rate between the Euro and the Swiss Franc increases, you as a DB Schenker customer will automatically benefit. In return, the currency surcharge increases if the exchange rate drops significantly. The currency surcharge is adjusted monthly to the real situation.

* The currency floating model shown here also applies to shipments to and from Liechtenstein, which also has the Swiss Franc as its official currency.

** The official EUR-CHF exchange rate of the European Central Bank (ECB) serves as the source. The link to the ECB can be found here.