QUOTE AND NEWS
Forex News  11 hrs ago  Comment 
The Swiss franc fell along with the euro against the US dollar today as Swiss policy makers continue to talk about excessive strength of the currency and need to keep the ceiling on the franc. The Swissie managed to rise against...
The Hindu Business Line  Oct 22  Comment 
Swiss drugmaker Roche said on Wednesday it would spend 3 billion Swiss francs ($3.2 billion) to upgrade its Basel headquarters, a vote of confidence in its Swiss base despite ongoing uncertainty o...
Mondo Visione  Oct 21  Comment 
Today the European Commission has found and sanctioned two distinct cartels in the financial sector. In these two decisions, we have imposed total fines of about 94 million euros on four major international banks who violated EU antitrust rules....
Wall Street Journal  Oct 21  Comment 
The Swiss National Bank’s currency floor of 1.20 Swiss francs ($1.27) per euro remains a key element of monetary policy due to the strength of the Swiss franc, a governing board member said Tuesday.
Financial Times  Oct 21  Comment 
JPMorgan Chase ordered to pay highest sum for influencing Swiss franc Libor benchmark
Yahoo  Oct 21  Comment 
BRUSSELS (Reuters) - This story on a source saying the European Commission was planning to fine three banks for rigging Swiss franc Libor interest rates is withdrawn after the Commission said only one ...
newratings.com  Oct 21  Comment 
BRUSSELS (dpa-AFX) - The Switzerland's trade surplus increased in September, data from the Swiss Federal Customs Administration showed Tuesday. The trade surplus rose to CHF 2.45 billion in September from around CHF 1.3 billion in August....
newratings.com  Oct 21  Comment 
BRUSSELS (dpa-AFX) - At 2:00 am ET Thursday, the Swiss Federal Customs Administration is scheduled to release its trade balance report for September. In August, the trade surplus was at CHF 1.33 billion. Ahead of the data, the Swiss franc showed...
newratings.com  Oct 20  Comment 
Announcement by ARYZTA AG regarding an increase of the Perpetual Callable Subordinated Instrument ('Hybrid Instrument') by CHF 45 million ARYZTA AG / Announcement by ARYZTA AG regarding an increase of the Perpetual Callable...




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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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