QUOTE AND NEWS
newratings.com  8 hrs ago  Comment 
TOKYO (dpa-AFX) - Reversing direction, the Swiss franc slipped against the Japanese yen in New York trading on Friday. The franc slipped to a 1-week low of 128.96 against the yen, off early high of 129.76. The franc-yen pair is likely to...
Wall Street Journal  Jul 17  Comment 
Givaudan reported an 11% increase in first-half net profit as cost-cutting and a change to its pension plans helped the world’s largest flavors and fragrance maker offset the stronger Swiss franc.
newratings.com  Jul 17  Comment 
VERNIER (dpa-AFX) - Givaudan (GVDBF.PK) reported income attributable to equity holders of the parent of 339 million Swiss francs for the first six months of 2015 compared to 305 million francs, prior year, an increase of 11.2%. Earnings per share...
newratings.com  Jul 17  Comment 
SGS 2015 HALF YEAR RESULTS SGS / SGS 2015 HALF YEAR RESULTS . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement. SGS is pleased to announce the SGS Half Year...
Wall Street Journal  Jul 16  Comment 
Swatch Group reported a 20% decline in net income as the “massively overvalued” Swiss franc and negative interest rates in Switzerland bit into profit.
newratings.com  Jul 16  Comment 
BRUSSELS (dpa-AFX) - At 3:15 am ET Thursday, Swiss retail sales data for May was released. After the data, the Swiss franc changed little against its major rivals. As of 3:16 am ET, the Swiss franc was trading at 1.0434 against the euro,...
newratings.com  Jul 16  Comment 
BRUSSELS (dpa-AFX) - The Swiss franc weakened against the other major currencies in the late Asian session on Thursday. The Swiss franc fell to a 4-month low of 1.4914 against the pound, nearly a 3-month low of 0.9553 against the U.S. dollar and...
newratings.com  Jul 16  Comment 
newratings.com  Jul 15  Comment 
BRUSSELS (dpa-AFX) - Switzerland's ZEW economic sentiment index for July is due at 5:00 am ET Wednesday. The index came in at 0.1 in June. Ahead of the data, the franc showed mixed trading against its major rivals. While the franc dropped...
newratings.com  Jul 15  Comment 
BRUSSELS (dpa-AFX) - The British pound strengthened against the other major currencies in the Asian session on Wednesday. The pound rose to more than 2-week highs of 0.7025 against the euro and 193.22 against the yen, from yesterday's...




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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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