Live Forex Rates - USDCHF

Overview:

USDCHF is also known as the “Swissie” and is made up from the US Dollar and the Swiss Franc, a popular “safe haven” for international investors during periods of uncertainty and increased market volatility. During these periods, it is presumed that the price of this pair will drop as CHF will strengthen against the USD. Less volatile periods will also mean reduced interest from Traders. This currency pair tells traders how many Swiss Francs are needed to buy one unit of US Dollars.

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Key Facts:

USD

• The Central Bank of the United States is the Federal Reserve (sometimes referred to as the Fed).
• USD is the main global reserve currency and the United States of America (U.S.A) is the largest economy in the world.
• The (US Dollar) USD is used to price most global commodities (including Oil and Gold).
• The US has a well developed economy with high productivity levels and is fuelled by huge natural resources.
• The International Monetary Fund (IMF) states that the US Gross Domestic Product (GDP) is $15 trillion and makes-up c. 23% of global GDP to exchange rates.

CHF

• The Central Bank of Switzerland is the Swiss National Bank and is responsible for the nation’s monetary policy. Two Head Offices are based in Zurich & Bern.
• The Swiss Franc (also known to traders as the Swissie or Swissy) is the currency of Switzerland, Lichtenstein and Italian municipality of Campione d’Italia.
• The Swiss Economic practices largely follow those set by the European Union.
• Led by Financial Services, their highly developed service sector and a sophisticated high-tech manufacturing industry - the Swiss per capita GDP ranks the second highest in the world behind Luxembourg at $83,716 according to the International Monetary Fund (IMF) in 2019.