QUOTE AND NEWS
newratings.com  Nov 28  Comment 
CANBERA (dpa-AFX) - The euro strengthened against most major currencies in the Asian session on Monday. The euro rose to nearly a 2-week high of 1.0685 against the U.S. dollar, nearly a 3-week high of 1.0770 against the Swiss franc and nearly a...
newratings.com  Nov 24  Comment 
BRUSSELS (dpa-AFX) - Following the release of Switzerland's industrial production for the third quarter at 3:15 am ET Thursday, the franc changed little against its major counterparts. The franc was trading at 1.0175 against the greenback,...
newratings.com  Nov 23  Comment 
BRUSSELS (dpa-AFX) - The Swiss franc advanced against its major counterparts in the European session on Wednesday. The franc was trading higher at 1.0103 against the greenback, off its early low of 1.0128. The franc rose to 109.98 against the...
newratings.com  Nov 22  Comment 
BRUSSELS (dpa-AFX) - Switzerland's trade surplus declined in October as exports declined amid a rebound in imports, the State Secretariat for Economic Affairs said Tuesday. The trade surplus fell to CHF 2.7 billion from CHF 4.3 billion in...
newratings.com  Nov 22  Comment 
BRUSSELS (dpa-AFX) - Switzerland's foreign trade figures for October are due to be released in the pre-European session on Thursday at 2:00 am ET. Economists expect the surplus to fall to CHF 3.88 billion in October from CHF 4.37 billion in...
newratings.com  Nov 18  Comment 
BRUSSELS (dpa-AFX) - The Swiss franc weakened against the other major currencies in the early European session on Friday. The Swiss franc fell to nearly a 1-year low of 1.0119 against the U.S. dollar and a 1-1/2-month low of 1.2563 against the...
newratings.com  Nov 18  Comment 
JONA (dpa-AFX) - Cement giant LafargeHolcim (HCMLY.PK, HCMLF.PK) on Friday said it has upgraded 2018 forecast for adjusted operating earnings before interest, tax, depreciation and amortization or EBITDA to 7 billion Swiss francs, including 200...
newratings.com  Nov 16  Comment 
BRUSSELS (dpa-AFX) - Following the release of Swiss ZEW economic confidence survey results for November at 5:00 am ET Wednesday, the franc traded mixed against its major counterparts. While the franc fell further against the greenback, it changed...
newratings.com  Nov 15  Comment 
BRUSSELS (dpa-AFX) - The British pound weakened against the other major currencies in the early European session on Tuesday. The pound fell to 5-day lows of 0.8694 against the euro, 1.2436 against the U.S. dollar and 1.2357 against the Swiss...
newratings.com  Nov 15  Comment 
Orascom Development Holding AG: achieves turnover of CHF 169.9 million and operational profit (adjusted EBITDA) of CHF 13.9 million. EQS Group-Ad-hoc: Orascom Development Holding AG / Key word(s): 9-month figures/9-month figures Orascom...




RELATED WIKI ARTICLES
 
TOP CONTRIBUTORS


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
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
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki