Canadian Dollar / Swiss Franc (CAD/CHF)

Monitor the Canadian Dollar (CAD) vs Swiss Franc (CHF). Follow commodity-driven trends affecting this forex pair with real-time updates from FP Markets Australia.

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Canadian Dollar / Swiss Franc (CAD/CHF) Profile

This is the forex quote for the Canadian Dollar against the Swiss Franc. In this quote, the value of one CAD (the 'base currency') is quoted in terms of CHF (the 'counter currency'). The Canadian Dollar is often considered to be a 'commodity currency' because Canada exports a large number of natural resources, notably oil. In practical terms, this makes it sensitive to the ebb and flow of trends in investors' overall outlook on global economic growth. Meanwhile, Switzerland's has a long-standing history as a safe haven and harbour for foreigners looking to house their wealth in a private banking system. As a pairing embodying the relationship between a growth-linked, higher-yielding currency and a safety-geared, low yielding one, CAD/CHF is a notable carry trade vehicle.

Canada's monetary policy, and the value of the Canadian dollar, are heavily influenced by global commodity prices. Natural resources are an important part of Canada's economy, and for that reason, its currency tends to fluctuate according to world commodity prices, economy is driven by exports, particularly in consumer electronics, IT products, pharmaceuticals and other chemicals.

In 1850, the first Swiss Franc was introduced; it was on par with the French Franc. In 1865, Switzerland became part of the Latin Monetary Union, which consisted of France, Italy, Switzerland, and Belgium. In 2008, the Swiss Franc was valued higher than the USD. In 2010, the 9th series of Francs was introduced.

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Canadian Dollar / Swiss Franc (CAD/CHF) Trading FAQ

While forex pairs can theoretically be traded 24 hours a day, there are optimum times to trade the CAD/CHF whenever the currency pair is more volatile. Swiss Franc and Equity Exchange Hours. CHF trading schedules roughly follow exchange hours, increasing activity when the Frankfurt and New York equity markets and the Chicago futures and options markets are open for business.

The best times to trade these instruments are cantered before and after economic releases, scheduled between 2:00 a.m. and 5:00 a.m. ET, as well as between 8:30 a.m. and 10:00 a.m. ET. Is CAD/CHF a Good Pair to Trade? CAD/CHF may not be one of the mainstream Forex pairs, but it still has several desirable characteristics. For one, CAD/CHF interests traders because both CAD and EUR are two major currencies in the Forex market. It’s also not a bad thing that the pair manages to retain quite a bit of liquidity without excessive volatility.

As you may already know, trading via CFDs (contracts for difference) is one of the most popular approaches when dealing with currencies such as CAD/CHF. While there are numerous Forex brokers out there. Try to find one that suits your needs. Such as FP Markets, a fully regulated broker that offers all types of platforms and accounts, to suit every need.

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