Euro vs Swiss Franc FX currency pair

EURCHF (EURCHF^)

PairingThe amount of Swiss Francs (CHF) that one can buy for every European Euro (EUR).

Position

EUR – World’s second most traded currency

CHF - World’s seventh most traded currency

Important factors

  • Optimism – The recent impact of the economic downturn on the price of the Euro, combined with the popularity of the Swiss franc as a safe haven currency, has had a major effect on this pairing, the less optimistic traders are about the position of the euro, the more likely that is to continue. The currencies were pegged for 3 years at 1.20 until the Swiss National Bank abandoned the peg in January 2015 without warning plunging the pair to a rate of 0.9.
  • Debt problems – Debt issues in Ireland, Greece, Italy, and Spain have also had a major impact on the worth of the Euro.
  • News – Information including trade reports, unemployment numbers, interest rates, economic performance, and more can affect this pairing.
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Symbol
EURCHF^

Trading Hours
24 hours

Minimum Size
1,000 Notional or 0.01 Lot

Minimum stop distance

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