Pairing – The amount of Swiss Francs (CHF) that one can buy for every Canadian dollar (CAD).
CAD – World’s sixth most traded currency
CHF - World’s seventh most traded currency
- Economy – When it comes to the value of the Canadian dollar, economic news tends to be the most important factor. Interest rate news, and trade balance and unemployment statistics must be watched when trading in CAD.
- Surrounding countries – The economic performance and position of the US has a large impact on Canada, and movements in the stability of Eurozone countries can have a knock-on effect on the strength of the franc.
- Commodities – The franc is receptive to movements in certain commodity markets, particularly gold and oil, whereas timber, oil, and natural gas prices may affect the Canadian dollar.
- Reserve – The franc may be the more popular of the two, but both the CAD and CHF are reserve currencies, meaning their price will rise when traders are looking for new safe haven options.