QUOTE AND NEWS
Automotive World  11 hrs ago  Comment 
Peter Voser, Jacob Wallenberg, Matti Alahuhta, David Constable, Louis R. Hughes, Federico Fleury Curado, David Meline, Satish Pai and Ying Yeh were re-elected for another term. The shareholders elected Lars Förberg to join the Board. The...
MedPage Today  Apr 12  Comment 
(MedPage Today) -- Higher risk of incident CHF, arrhythmias
Automotive World  Apr 11  Comment 
With double-digit sales growth in the first quarter, a new sales record of CHF 1,389.0 million was set. This equates to an increase of 10.7% in local currencies (previous year: 8.3%). A moderate currency effect (-1.7%) led to strong sales growth...
Mondo Visione  Apr 7  Comment 
Today, the shares of Galenica Santé AG (“Galenica Santé”) were listed and traded for the first time under the “International Reporting Standard” of SIX Swiss Exchange, opening at CHF 43.00. This corresponds to a total market...
Mondo Visione  Apr 3  Comment 
Strongest month in the year to date Trading turnover of CHF 143.1 billion (+32.2% month-on-month) Number of trades 4,682,615 (+17.8% month-on-month) Average trading turnover per day of CHF 5.8 billion (Year-to-date) March was the...
newratings.com  Mar 30  Comment 
BRUSSELS (dpa-AFX) - At 3:00 am ET Thursday, the Swiss KOF leading indicator for March is due. Economists forecast the index to fall to 105.8 in March from 107.2 in February. Ahead of the data, the Swiss franc showed mixed trading against its...
newratings.com  Mar 29  Comment 
Sika AG: SCHENKER-WINKLER HOLDING REJECTS THE BOARD'S DIVIDEND PROPOSAL Sika AG / Sika AG: SCHENKER-WINKLER HOLDING REJECTS THE BOARD'S DIVIDEND PROPOSAL . Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely...
newratings.com  Mar 29  Comment 
BRUSSELS (dpa-AFX) - At 2:00 am ET Tuesday, Swiss UBS consumption indicator for February is due. The indicator stood at 1.43 in January. Ahead of the data, the franc traded mixed against the other major currencies. While the franc fell against...
newratings.com  Mar 28  Comment 
BRUSSELS (dpa-AFX) - The Swiss franc strengthened against most major counterparts in early New York trading on Tuesday. The franc firmed to near a 2-week high of 1.0685 versus the euro, off its early low of 1.0711. The Swiss currency advanced to...
newratings.com  Mar 28  Comment 




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The Swiss Franc (also known as the “Swissie”[1]) is the currency of the nation of Switzerland. It is denoted with a trailing CHF or, alternately, SFr. or Fr. (with the latter more typical internal to Switzerland). For example 16.00 SFr. would be read "sixteen Swiss Francs". This could also be written 16.00 CHF or 16.00 Fr.

The dollar (USD) against the Swiss Franc is mostly considered as the 'safe-haven' currency because part of the core value of swiss franc, CHF is backed up by gold. When gold price appreciates and/or during geopolitical challenges the swissie usually rises as investors look to safer grounds.

The chart at left shows the USD/CHF currency pair; the number of Swiss Franc equivalent to 1 U.S. Dollar (USD).

Forex Markets [1]

Trading Hours

The most active CHF trading hours are from London's opening market hours (3:00AM ET / 8:00 GMT), Swiss Economic (1:45AM ET / 6:45 GMT) and U.S. Economic (8:30AM ET/ 13:30 GMT).[1]

USD/CHF 10 year chart

The USD has falling against the CHF for the last 10 years.
The USD has falling against the CHF for the last 10 years.

Key Currency Crosses

The key currency crosses are

Things to know when trading The Swiss Franc (CHF)

The majority of time, USD/CHF moves on dollar dynamics and not Swiss dynamics. Therefore since many Commodities are priced in dollars, so when the dollar rises, commodity prices fall:

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Oil vs. USD/CHF (inverted)

Nickname – The only nickname for the Swiss Franc is the Swissie which is a shortened version of the name.

Central Bank - The Swiss National Bank conducts monetary policy meetings 4 times a year and their decisions on interest rates could have significant ramifications for the currency market.

Most Active Trading Hours – We tend to see the most significant volatility in the Swiss Franc when Swiss and U.S. economic data are released.

What Does the Economy Rely On? – One of the unique aspects of Switzerland’s economy is that its bank secrecy laws have long made Switzerland a safe haven for investors. That has changed in recent years as the country has been pressured to reveal information on private investors sheltering the money in Switzerland. Although financial services are the primary driver of the economy, trade is also very important.

Who Does the Economy Rely on for Trade? – Switzerland’s largest trading partner is the Eurozone followed by the U.S.

Market Moving Economic Releases – Swiss economic data tends to impact EUR/CHF and CHF/JPY more than it does USD/CHF. Central bank rate decisions are usually the most market moving indicators, which mean that they can create the greatest volatility for any currency followed by the employment report, the consumer spending and inflation reports.

The Swiss Economy

Key Facts

The Swiss Economy is comprised of 64.5% Services, 34% Industrial, and 1.5% Agriculture. It's largest trading partners are Germany, US, Italy, France and U.K.. Some other key facts about the Swiss Economy:

  1. Service Sector Led by Financial Services
  2. Considered Safe Haven for Investors
  3. Known for their Banking Secrecy and Security
  4. Has One of the Highest Per Capita Incomes in the World
  5. Chemicals are Switzerland’s Main Exports

General Economic Statistics

2008 GDP EstimateUSD $492.6 Billion
Population:7.6 Million
Interest Rate^0.25% Target Range
Inflation^^-0.30%
Trade Balance^^^CHF 4.5 Billion

^As of May 2009 ^^As of April 2009 ^^^As of Q4 2008

Market Moving Economic Releases

  1. SNB Interest Rate Decision
  2. Retail Sales
  3. Consumer Prices
  4. UBS Consumption Index
  5. KoF Leading Indicators
  6. GDP (Gross Domestic Product)
  7. Unemployment Rate

References

  1. 1.0 1.1 1.2 FX360.com, EUSwiss Franc (CHF) Factsheet by Kathy Lien
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