QUOTE AND NEWS
The Hindu Business Line  2 hrs ago  Comment 
In a bid to encourage companies to go green and lower the environmental impact of long commutes for employees, Regus, the global flexible workplace provider, is opening its business lounges for fr...
newratings.com  Apr 17  Comment 
LONDON (dpa-AFX) - The Swiss franc recouped its lost ground against most major currencies in the European session on Thursday. The Swiss franc recovered to 1.4788 against the pound, from an early multi-week low of 1.4832 hit in the Asian session....
newratings.com  Apr 17  Comment 
WASHINGTON (dpa-AFX) - The U.S. dollar dropped against the Swiss franc in early European deals on Thursday. The greenback reached as low as 0.8790 against the franc, compared to yesterday's closing quote of 0.8815. On the downside, 0.87 is...
newratings.com  Apr 17  Comment 
WASHINGTON (dpa-AFX) - Biopharmaceutical company Actelion Ltd. (ALIOF.PK) Thursday said first-quarter net income increased to 128 million Swiss francs from 98 million francs in the previous year. Earnings per share grew to 1.09 francs from 0.85...
newratings.com  Apr 16  Comment 
BRUSSELS (dpa-AFX) - Switzerland's ZEW economic expectations for April was released at 5:00 am ET Wednesday. After the data, the Swiss franc changed little against other major currencies. As of 5:02 am ET, the Swiss franc traded at 1.2165...
New York Times  Apr 16  Comment 
The bank reported quarterly earnings of 859 million Swiss francs, or about $976 million, compared with profit of 1.3 billion francs in the year-earlier period.
newratings.com  Apr 16  Comment 
FX Street  Apr 15  Comment 
Jonathan Webb, Head of FX Strategy at Jefferies Bache, on Swiss Franc Switzerland do have some... For more information, read our latest forex news and reports.
Yahoo  Apr 15  Comment 
Nestle (VTX:NESN) expects sales growth to pick up in the next few quarters after slowing to 4.2 percent in local currencies in the first, when unusually cold weather hit sales in North America and cost-conscious Europeans continued to opt for...
Wall Street Journal  Apr 15  Comment 
Swiss drug maker Roche reported a 1% dip in first-quarter sales, as a strong Swiss franc eroded the value of growing sales of its cancer drugs.




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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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