Pairing – The amount of Swiss Francs (CHF) that one can buy for every European Euro (EUR).
EUR – World’s second most traded currency
CHF - World’s seventh most traded currency
- 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.