Currency converter

Euro vs Swiss Franc
1.0931 USD
23 May 2017 13:45
Price Change (% chg)
$0.0004
(0.04%)
Prev Close
Prev Close

Closing price, the previous day.
$1.0936
Open
Open

Opening price.
$1.0905
Day's High
Day's High

The highest price over the last trading day.
$1.0943
Day's Low
Day's Low

The lowest price over the last trading day
$1.0924
52-wk High
52-wk High

Price range high in the last 52 weeks
$1.0986
52-wk Low
52-wk Low

Price range low in the last 52 weeks
$1.0631

Description:

EUR/CHF is the cross rate against the US dollar. Although the US Dollar is not present in this currency pair, it still has significant impact upon it. This can be seen if you combine two charts ― EUR/USD and USD/CHF. By combining these two charts in the same price chart, you will get an approximate EUR/CHF chart.
The U.S. dollar influences both currencies. For this reason, it is necessary to take into account major U.S. economic indicators to correctly predict a future behaviour of this financial instrument. These indicators include the discount rate, GDP, unemployment, new vacancies and many others. It is worth noting that the discussed currencies could respond to U.S. economic changes with different speed. Therefore, the EUR/CHF pair may be a specific indicator of changes in these currencies.
The EUR/CHF chart tends to remain unchanged for a long time. That is why this financial instrument is not so popular with traders, who cannot earn enough on such a market. However, when the currency pair moves from a passive into an active state, trends can be observed. Opening a deal makes sense. At the same time, the trader must first learn the spread size for this currency pair and the margin size for the deal otherwise the deal can be very expensive.
Switzerland is a highly developed and rich country. Goods produced in this country are mostly directed to foreign markets, but the most progressive economic sector of Switzerland is banking system with major banks being UBS and Credit Suisse.
The economic situation in Switzerland has been stable for several centuries. For this reason, the Swiss franc enjoys great confidence worldwide as one of the most reliable currencies. The Swiss franc is also a kind of a safe haven for capital investment during the crisis. Therefore, in times of crisis, when capital is urgently forwarded to Switzerland, the Swiss franc surges against its counterparts. This feature of Swiss economy should be taken into account when you trade this instrument.
Speaking about Switzerland’s monetary policy, announcement by the National Bank of Switzerland meeting outcomes is of great importance. However, information about the state of the Swiss economy is rarely advertised. Therefore, any information concerning the economic situation in Switzerland absorbs attention of traders around the world.
The main feature of the Swiss banking system is the complete confidentiality of customer accounts allowing clients to evade taxes. The European Union has repeatedly urged Switzerland to make its banking system more open, but the country is still not able to do it. The franc can fall in price at reducing exports in Western Europe.

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