CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pairing – The amount of Swiss francs (CHF) that one can buy for every New Zealand dollar (NZD).
NZD – World’s eleventh most traded currency
CHF - World’s seventh most traded currency
Alternative risk play – The New Zealand dollar is a risk-correlated currency, due to its exposure to economic performance on a global scale, and high interest rates within the country. The Swiss franc, on the other hand, is a safe-haven currency due to its tendency to strengthen during times of economic uncertainty in Europe.
Commodities – Agricultural prices can affect both these currencies, but New Zealand is far more reliant on income from agricultural trade. Oil prices, as well as gold and coal can affect the strength of the franc.