QUOTE AND NEWS
Forex News  Nov 9  Comment 
The Swiss franc was flat against some currencies and rose versus others today as a report showed that unemployment in Switzerland remained extremely low. The State Secretariat for Economic Affairs reported that the unemployment rate was...
New York Times  Nov 9  Comment 
With the fresh, spicy character typical of cool-climate viticulture, the red-wine grape shows another face of American winemaking.
Mondo Visione  Nov 8  Comment 
The statistical monthly report contains the latest trade and turnover figures for SIX Swiss Exchange. In October, SIX Swiss Exchange posted increased trading turnover and transaction volumes across all trading segments. Trading turnover...
Forex News  Nov 2  Comment 
Economic data released in Switzerland today was rather poor, but that did not prevent the Swiss franc from rising against its most-traded peers during the current trading session. The possible reason for the good performance was risk...
Reuters  Nov 2  Comment 
Credit Suisse on Thursday reported 244 million Swiss francs ($244.2 million) in third-quarter net income, the first time Switzerland's second-biggest bank has posted three consecutive profitable quarters under Chief Executive Tidjane Thiam.
Mondo Visione  Nov 1  Comment 
Trading turnover in the year to date: CHF 1,129.7 billion (+8.0% year-on-year)  Number of trades 42,714,874 (+9.3% year-on-year)  Average daily trading turnover CHF 5.4 billion The good autumn weather in Switzerland last month was...
Financial Times  Oct 31  Comment 
Weaker franc and rising equity markets lift value of assets
Mondo Visione  Oct 27  Comment 
UBS delivered good third quarter results with net profit attributable to shareholders up 14% year on year to CHF 946m. Reported profit before tax increased by 39% to CHF 1,221m and adjusted profit before tax increased by 16% to CHF 1,506m. The net...




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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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