QUOTE AND NEWS
newratings.com  4 min ago  Comment 
BRUSSELS (dpa-AFX) - After the release of Switzerland's KOF leading indicator for July at 3:00 am ET Wednesday, the franc showed mixed trading against the other major currencies. While the franc dropped against the greenback, it changed...
newratings.com  34 min ago  Comment 
TOKYO (dpa-AFX) - The U.S. dollar strengthened against the yen and the Swiss franc ahead of the European session on Wednesday. The U.S. dollar rose to more than a 3-week high of 102.15 against the yen and a 6-month high of 0.9073 against the...
newratings.com  1 hr ago  Comment 
BRUSSELS (dpa-AFX) - At 2:00 am ET Wednesday, Switzerland's UBS consumption indicator for June was released. After the data, the Swiss franc changed little against its major opponents. As of 2:02 am ET, the Swiss franc was trading at...
newratings.com  2 hrs ago  Comment 
JONA (dpa-AFX) - Swiss cement giant Holcim Ltd (HCMLY.PK) said Wednesday that its net income for the half year slid 13.5 percent to 657 million Swiss francs, in the absence of a year-ago gain of a reduction of participation in Cement Australia....
newratings.com  2 hrs ago  Comment 
*  Sales from continuing operations rose 6% in local currencies. In Swiss francs, sales decreased 1% to CHF 1.53 billion from CHF 1.54 billion in the second quarter 2013 * Strong volume growth offset by unfavorable currency effects *...
newratings.com  Jul 29  Comment 
BRUSSELS (dpa-AFX) - Reversing direction, the Swiss franc declined against most major currencies in New York morning trading on Tuesday. The franc hit near a 6-month low of 0.9062 against the greenback and a 4-day low of 1.2156 against the euro,...
newratings.com  Jul 29  Comment 
Mondo Visione  Jul 29  Comment 
Net profit attributable to UBS shareholders CHF 792 million; diluted EPS CHF 0.21 Wealth Management net new money CHF 10.7 billion Fully applied Basel III CET1 ratio at 13.5% Fully applied Swiss SRB leverage ratio at 4.2% Resolution of...
newratings.com  Jul 29  Comment 
Reuters  Jul 29  Comment 
UBS booked a 254 million Swiss franc ($280.79 million) charge in the second quarter mainly to settle claims it helped wealthy Germans to dodge taxes, the latest in a string of lawsuits that have targeted its private banking business.
Financial Times  Jul 28  Comment 
City of London tower was designed by Lord Foster but Swiss franc’s appreciation against sterling led to building breaching loan to value cap
newratings.com  Jul 28  Comment 
LONDON (dpa-AFX) - The Swiss franc strengthened against most major currencies in the European session on Monday. The Swiss franc rose to 0.9038 against the U.S. dollar and 112.67 against the yen, from early lows of 0.9050 and 112.42,...




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