New Zealand Dollar / Swiss Franc (NZD/CHF)

Monitor the New Zealand Dollar (NZD) versus the Swiss Franc (CHF). Stay updated with live exchange rates, trends, and trading strategies at FP Markets Bangladesh.

Pricing is indicative. Past performance is not a reliable indicator of future results. Log in to see latest markets data.

New Zealand Dollar / Swiss Franc (NZD/CHF) Profile

The NZD/CHF currency pair offers an alternative risk play. The New Zealand dollar is being revealed to the world’s economic performance and has high-interest rates. The Swiss franc has always been referred to as a safe-haven currency. In times of economic uncertainty, liquidity moves away from the Euro-zone into Switzerland.

New Zealand currency has a long history of over 160 years. During the 1800s, New Zealand used its coins and banknotes before British currency was even legal currency. The New Zealand dollar is the official currency of New Zealand and is represented by the symbol $ or NZ$ to set it apart from other currencies based on dollars.

Swiss franc (CHF) is the official currency of Switzerland and Liechtenstein and is the 7th most traded currency in the world. The CHF is the only franc that is still issued in Europe after the other nations, that used to denominate their currencies in francs, adopted the euro. The Swiss franc is usually called the 'swissie' by traders.

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New Zealand Dollar / Swiss Franc (NZD/CHF) Trading FAQ

While forex pairs can theoretically be traded 24 hours a day, there are optimum times to trade the NZD/CHF whenever the currency pair is more volatile. From 02:00 a.m. and 05:00 a.m. (ET), as well as between 08:30 a.m and 10:00 a.m. (ET) the NZD/CHF is usually busy (ET).

The NZD is considered a steady currency because of the strength of the New Zealand economy and its outlook. New Zealand’s economy is basically affected by the tourism industry, and when tourism in New Zealand goes well, the currency will tend to be stronger.

The price of the NZD/CHF is influenced by a range of factors, including central bank interest rates, press conferences, unemployment data, trade balances, inflation, GDP growth, sales data, market sentiment and consumer confidence.

As you may already know, trading via CFDs (contracts for difference) is one of the most popular approaches when dealing with currencies such as NZD and 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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