QUOTE AND NEWS
newratings.com  9 hrs ago  Comment 
LONDON (dpa-AFX) - Reversing direction, the Swiss franc advanced against its most major rivals in European trading on Friday. The franc climbed to 129.95 against the yen and 1.4553 against the pound, from its previous low of 129.06 and a...
newratings.com  May 22  Comment 
newratings.com  May 21  Comment 
BRUSSELS (dpa-AFX) - The Swiss franc retreated from early highs against the other major currencies ahead of European session on Thursday. The Swiss franc fell to 1.4570 against the pound, from an early high of 1.4519. Pulling away from an early...
newratings.com  May 21  Comment 
newratings.com  May 21  Comment 
TOKYO (dpa-AFX) - The Japanese yen weakened against the Swiss franc in the Asian session on Thursday. Against the the Swiss franc, the yen fell to a 3-day low of 129.74 from yesterday's closing value of 129.45. If the yen extends its...
newratings.com  May 20  Comment 
Highlight Group quintuples EBIT DGAP-News: Highlight Communications AG / Key word(s): Quarter Results Highlight Group quintuples EBIT 20.05.2015 / 17:41 --------------------------------------------------------------------- - EBIT improves...
The Hindu Business Line  May 20  Comment 
English news channel Headlines Today will be renamed as ‘India Today’ as TV Today group revamps its network under new brand identity.The English news channel with a new brand identity and fr...
The Economic Times  May 20  Comment 
Switzerland's currency has rocketed in value after SNB removed its 1.20 per euro cap, raising concerns for the export-reliant economy.
newratings.com  May 20  Comment 
BRUSSELS (dpa-AFX) - After the release of Switzerland's ZEW economic sentiment index for May at 5.00 am ET Wednesday, the franc changed little against its major counterparts. The franc was trading at 0.9372 against the greenback, 1.4536...
newratings.com  May 19  Comment 
BRUSSELS (dpa-AFX) - Swiss private banking group Julius Baer Group Ltd. (JBAXY.PK, JBARF.PK) reported that at the end of April 2015, its assets under management or AuM amounted to 289 billion Swiss francs, a decrease since the end of 2014 of just...




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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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