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Mondo Visione  3 hrs ago  Comment 
SIX achieved excellent results in the 2014 financial year. All four business areas boosted their earnings, with some of them increasing their profits significantly. At the same time, SIX developed its international business substantially,...
Clusterstock  Mar 8  Comment 
ZURICH (Reuters) - The Swiss National Bank, battling a rise in the country's currency, could push interest rates further into negative territory if the franc moves in the "wrong direction", a Swiss newspaper reported on Sunday, citing sources...
SeekingAlpha  Mar 5  Comment 
Reuters  Mar 4  Comment 
Swatch is to appeal a decision on Wednesday by a Dutch court to set aside a 402 million Swiss franc ($416.67 million) arbitration ruling in 2013 against U.S. jeweller...
Mondo Visione  Mar 2  Comment 
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Wall Street Journal  Mar 2  Comment 
Tiny plastics company Scheu is one of a growing number of Swiss businesses that are exploring extraordinary measures to combat the local currency’s surging value.
Reuters  Feb 27  Comment 
French media group Vivendi will reward shareholders with a share buyback and a generous dividend after agreeing to sell its remaining stake in telecoms group SFR to cap two years...
Benzinga  Feb 27  Comment 
Sika AG (OTC: SKFOF) reported a 28% gain in its profit for the 12 months to December 31. Sika's annual net profit climbed to 441.2 million Swiss francs ($463.5 million), versus a year-ago profit of 344.7 million francs. Analysts were expecting a...
The Hindu Business Line  Feb 26  Comment 
Last week’s Brandstand was about ads that had to be withdrawn as they were seen as racist. Here are some more instances: Intel attempted to pull an ad which showed men of colour bowing in fr...




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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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