QUOTE AND NEWS
Benzinga  9 hrs ago  Comment 
- reuters © 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Mondo Visione  9 hrs ago  Comment 
Trading turnover in August: CHF 107.3 billion (+3.2% month-on-month) Trading turnover since the start of the year: CHF 964.0 billion (+30.0% year-on-year) Average trading turnover per day since the start of the year: CHF 5.8...
newratings.com  Sep 1  Comment 
BRUSSELS (dpa-AFX) - At 3:30 am ET Tuesday, Credit Suisse is due to release its August manufacturing PMI report for Switzerland. The PMI is expected to decrease to 49.8 in August from 48.7 in July. Ahead of the data, the Swiss franc showed mixed...
newratings.com  Aug 31  Comment 
shaPE Capital AG: Further secondary sale and new cash distribution of CHF 16 per share EQS Group-Ad-hoc: shaPE Capital AG / Key word(s): Payout shaPE Capital AG: Further secondary sale and new cash distribution of CHF 16 per share 31.08.2015 /...
newratings.com  Aug 31  Comment 
BRUSSELS (dpa-AFX) - At 3:00 am ET Monday, Swiss KOF published leading indicator for August. Following the data, the franc changed little against its major rivals. The franc was trading at 0.0614 against the greenback, 1.4825 against the...
newratings.com  Aug 31  Comment 
VERNIER (dpa-AFX) - Givaudan AG (GVDBF.PK), a Swiss manufacturer of fragrance and flavor products, said Monday that it has acquired 100% of the shares of Induchem Holding AG and its subsidiaries. The terms of the deal have not been...
The Hindu Business Line  Aug 30  Comment 
Because of the partial shutdown of the Kozhikode airport for repairs, Jet Airways has effected changes to some of its domestic and international flights, to and from the airports in Kerala, fr...
MedPage Today  Aug 29  Comment 
(MedPage Today) -- This week's topics include screening for COPD, a new drug for hyposexuality in women, a combination medicine for CHF, and light to moderate alcohol consumption and cancer
Financial Times  Aug 28  Comment 
Hoteliers and tourist resorts not faring as poorly as expected
newratings.com  Aug 28  Comment 
BRUSSELS (dpa-AFX) - The Swiss franc erased its early losses against the other major currencies ahead of European deals on Friday, after data showed that Switzerland's economy recovered unexpectedly in the second quarter on the back of...




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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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