QUOTE AND NEWS
newratings.com  Aug 8  Comment 
WASHINGTON (dpa-AFX) - The dollar was generally weaker on Friday, as traders preferred the safe haven yen and Swiss franc amid escalating violence in the Middle East. In Iraq, the U.S. military aircraft began dropping bombs, following the...
newratings.com  Aug 8  Comment 
BRUSSELS (dpa-AFX) - Following the release of Switzerland's jobless rate for July at 1:45 am ET Friday, the franc changed little against its major counterparts. The franc was trading at 112.04 against the yen, 0.9081 against the...
The Hindu Business Line  Aug 7  Comment 
Muthoot Capital Services, a member of the Muthoot Pappachan Group, has reported a net profit of ₹5.41 crore for the first quarter of the current financial year. This is down 10 per cent fr...
newratings.com  Aug 7  Comment 
BRUSSELS (dpa-AFX) - The pound weakened against most major currencies in the Asian session on Thursday. The pound fell to 2-day lows of 0.7947 against the euro and 1.5284 against the Swiss franc, from early highs of 0.7931 and 1.5301,...
newratings.com  Aug 7  Comment 
BRUSSELS (dpa-AFX) - Switzerland's SECO consumer confidence index for July was released at 1:45 am ET Thursday. After the data, the Swiss franc changed little against its major rivals. As of 1:46 am ET, the Swiss franc was trading at...
newratings.com  Aug 7  Comment 
Nestlé S.A. : First Half 2014: 4.7% organic growth in a volatile trading environment, CHF 8 billion share buy-back programme Nestlé S.A. / Nestlé S.A. : First Half 2014: 4.7% organic growth in a volatile trading environment, CHF 8 billion...
Reuters  Aug 7  Comment 
Food group Nestle stood by its full-year outlook on Thursday and said it would launch an 8 billion Swiss franc share buyback after sales growth picked up in the second...
newratings.com  Aug 7  Comment 
ZURICH (dpa-AFX) - Zurich Insurance Group AG (ZURVY) Thursday said second-quarter net income after tax attributable to shareholders climbed to $837 million from $789 million last year. Earnings per share were 5.07 Swiss francs, compared to 4.99...
newratings.com  Aug 7  Comment 
Half Year Results 2014 - Mobimo on track Mobimo Holding AG / Key word(s): Half Year Results 07.08.2014 06:59 Release of an ad hoc announcement pursuant to Art. 53...
newratings.com  Aug 6  Comment 
BRUSSELS (dpa-AFX) - The euro continued its early decline against the Swiss franc in European deals on Wednesday. The euro hit 1.2149 against the franc, its weakest since July 29. If the euro continues slide, 1.21 is seen as its next possible...




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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:

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
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