Reuters  Jun 21  Comment 
Patrick Drahi, the owner of France's number two telecoms player Numericable-SFR , has offered to buy smaller rival Bouygues Telecom for about 10 billion euros ($11.4 billion) in...
newratings.com  Jun 19  Comment 
LONDON (dpa-AFX) - The Swiss franc declined against most major currencies in European morning deals on Friday. The franc declined to a 2-day low of 133.06 against the yen, compared to yesterday's closing value of 133.39. The franc fell to...
The Economist  Jun 18  Comment 
FOREIGN skiers were bound to suffer. So was the Swiss economy, most assumed, after the Swiss National Bank (SNB) suddenly abandoned the Swiss franc’s peg to the euro in January. The franc rose by 30% against the euro in a matter of minutes, and...
Forex News  Jun 18  Comment 
The Swiss franc gained on the US dollar and held steady versus the euro during the current trading session even though the Swiss National Bank decided to keep negative interest rates at today’s policy meeting.(...)Read the rest of Swiss...
The Hindu Business Line  Jun 18  Comment 
Money held by Indians in Swiss banks fell by over 10 per cent last year to 1.8 billion Swiss franc (about ₹12,615 crore), amid an enhanced clampdown against the famed secrecy wall of Switzerland’s...
newratings.com  Jun 18  Comment 
BRUSSELS (dpa-AFX) - At 2:00 am ET Thursday, Swiss foreign trade data for May is due. The trade surplus is seen at CHF 2.86 billion in May. Ahead of the data, the Swiss franc showed mixed trading against its major rivals. While the Swiss...
The Hindu Business Line  Jun 17  Comment 
The Swiss franc rallied across the board on Wednesday, climbing to a two-week high against the euro, as fears that debt-stricken Greece could default and tumble out of the euro zone drove investor...
Forex News  Jun 17  Comment 
The Swiss franc ticked up today after investors had found renewed interest in currencies considered to be safe. So happens, the Swissie is one of such currencies. The flight to safety was caused by concerns about potential default...
newratings.com  Jun 17  Comment 
BRUSSELS (dpa-AFX) - Swiss ZEW economic expectations survey results for June are due at 5:00 am ET Wednesday. The franc showed mixed trading against its major opponents ahead of the data. While the franc eased from an early high against the pound,...


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:

Oil vs. USD/CHF (inverted)
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
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


  1. 1.0 1.1 1.2 FX360.com, EUSwiss Franc (CHF) Factsheet by Kathy Lien
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