QUOTE AND NEWS
Mondo Visione  Jul 21  Comment 
Today, the shares of Landis+Gyr Group AG (“L+G”) were traded for the first time under the “International Reporting Standard” of SIX Swiss Exchange, opening at CHF 79.00. This corresponds to a total market capitalization of around CHF 2.331...
Forex News  Jul 13  Comment 
The Swiss franc started the current trading session rising but reversed its movement about the same time as the disappointing Producer and Import Price Index was released. The traders’ risk-positive mentality did not help the currency...
The Hindu Business Line  Jul 10  Comment 
The Aluminium futures contract on the Multi Commodity Exchange failed to break above the resistance at ₹126 a kg last week. The contract touched a high of ₹125.8 on Thursday and has reversed lower fr...
The Hindu Business Line  Jul 3  Comment 
Producers of man-made fibre (MMF), synthetic fibre and yarn have asked the Centre to reduce the Goods & Services Tax (GST) rates from 18 per cent to 12 per cent to help them fight competition fr...
Mondo Visione  Jul 3  Comment 
Trading turnover in the first half of 2017 up by 5.3% year-on-year to CHF 723.6 billion. Average trading turnover per day of CHF 5.8 billion Increase in the number of trades in the first half of 2017 of 2.1% versus the prior year to...
The Hindu Business Line  Jul 3  Comment 
Bengaluru's favourite commercial space-Carlton Towers is all set to open after a fire incident few years ago. The commercial complex located on the Old Airport Road has got obtained a clearance fr...
The Economic Times  Jun 29  Comment 
The total money of Indians fell by 45 per cent during 2016 to CHF 675.75 million, marking the biggest ever yearly decline in such funds.
The Hindu Business Line  Jun 29  Comment 
Banks in Switzerland saw their profits nearly halved to CHF 7.9 billion (over Rs 53,000 crore) in 2016 amid continuing global pressure on their famed secrecy walls. Surprisingly, the overall custo...
Forex News  Jun 26  Comment 
The market sentiment was positive to risky currencies today, driving the Swiss franc down against its most-traded counterparts. Global stocks around the world rallied during the Monday’s trading session, indicating that speculators favored...




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:

Error creating thumbnail
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