QUOTE AND NEWS
newratings.com  Sep 12  Comment 
LONDON (dpa-AFX) - The Swiss franc rose against the U.S. dollar and the pound in Europe on Friday. The franc rose to a 2-day high of 1.5146 versus the pound, from an early multi-day low of 1.5231. The franc edged up to 0.9339 against the...
Clusterstock  Sep 10  Comment 
The Swiss franc is sinking against the U.S. dollar after Swiss National Bank governor Thomas Moser said the Bank is "open" to negative interest rates, reports The Wall Street Journal. WSJ's Todd Buell reported Wednesday that Moser told the paper...
The Economic Times  Sep 9  Comment 
"Fr the next say 6 to 12 months Siyaram has got a very small equity of roughly 10 crore and earnings have been extremely strong."
newratings.com  Sep 9  Comment 
Media Release | MCH Group | First-half result MCH Group AG / Media Release | MCH Group | First-half result . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement....
newratings.com  Sep 8  Comment 
BRUSSELS (dpa-AFX) - Following the release of Swiss CPI for August and retail sales for July at 3:15 am ET Monday, the franc showed mixed trading against its major counterparts. While the franc edged up against the yen, the greenback and the euro,...
newratings.com  Sep 8  Comment 
newratings.com  Sep 6  Comment 
TOKYO (dpa-AFX) - Basilea Pharmaceutica Ltd. (BPMUF.PK) announced that the U.S. FDA has accepted for filing the New Drug Application for isavuconazole submitted by its license partner Astellas Pharma Inc. (ALPMY). Based on the FDA's...
newratings.com  Sep 5  Comment 
BRUSSELS (dpa-AFX) - At 3:15 am ET Friday, Switzerland's second quarter industrial production report was released. After the data, the franc showed mixed trading against the other major currencies. While the franc changed little against the...
Mondo Visione  Sep 1  Comment 
Trading turnover of CHF 741.2 billion (+7.0% versus the same period in 2013) since the start of the year Average trading turnover per day since the start of the year of CHF 4.5 billion Since the start of 2014, a total of 25,090,618...




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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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