QUOTE AND NEWS
The Economic Times  1 hr ago  Comment 
The euro fell as 10-year German government bond yields hit a record low of 0.916 per cent, passing the previous record of 0.926 per cent hit on Monday.
newratings.com  4 hrs ago  Comment 
BRUSSELS (dpa-AFX) - Following the release of Switzerland's UBS consumption indicator for July at 2:00 am ET Wednesday, the franc showed mixed trading against its major opponents. While the franc changed little against the euro, it advanced...
DailyFinance  Aug 26  Comment 
INTERXION HOLDING NV (NYSE: INXN), a leading European provider of cloud and carrier-neutral colocation data centre services, today announced that it has completed its purchase of the SFR Netcenter data centre facility in ...
newratings.com  Aug 26  Comment 
LONDON (dpa-AFX) - The Swiss franc trimmed its early gains against most major counterparts in early European deals on Tuesday. The franc reversed from an early high of 113.67 against the yen, edging down to 113.40. The franc that advanced to...
newratings.com  Aug 26  Comment 
Orascom Development Holding AG: 1H 2014: Orascom Development records a net profit of CHF 31.5 mn, despite continued pressure on Egypt's hotel operations. Orascom Development Holding AG / Key word(s): Half Year Results/Half...
newratings.com  Aug 25  Comment 
BRUSSELS (dpa-AFX) - The euro slipped against the Swiss franc ahead of European deals on Monday. The euro declined to a 1-week low of 1.2090 against the franc, easing from an early session's high of 1.2106. The pair closed Friday's...
Automotive World  Aug 22  Comment 
Autoneum has signed a new 150 million CHF revolving loan with a syndicate of ten banks. The loan agreement replaces the existing long-term credit facilities agreement of 130 million CHF, which expires on December 31, 2014. At the same time, the...
The Economic Times  Aug 22  Comment 
The dollar, meanwhile, hovered below its 2014 peak against a basket of major currencies on Friday, as investors stayed cautious ahead of a speech by US Federal Reserve
newratings.com  Aug 21  Comment 
BRUSSELS (dpa-AFX) - At 2 am ET Thursday, the Swiss Federal Customs Administration is due to release its trade balance report for July. In June, a trade surplus of CHF 1.38 billion was recorded. Ahead of the data, the franc showed mixed trading...
newratings.com  Aug 21  Comment 
Von Roll Holding AG: order intake increased in the first half of 2014 Von Roll Holding AG / Key word(s): Half Year Results 21.08.2014 07:00 Release of an ad hoc announcement pursuant to Art. 53...




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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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