USD/CHF
US Dollar/Swiss Franc

The USD/CHF pair is also referred to as the “Dollar Swiss”. The Swiss Franc is widely considered a safe haven currency among traders mainly because Switzerland has been and continues to stay neutral on all political and economical frontiers that affect the Euro zone. The Swiss Franc accounts for 6.4% of all Forex Spot transactions (according to the 2010 Triennial Survey) and for 2.2% of the global trade (during 2010-2011). The European Union is Switzerland's largest trading partner, and Switzerland is the EU's fourth largest. Switzerland accounts for 5.2% of the EU's imports.

Facts:

• There are over 400 banks in Switzerland, as the Swiss are known for providing sophisticated, discreet and conservative banking services.
• The Swiss Franc is referred to in many cases as “Dollar Swiss”, the “Swissie” or the “Franc”.
• The best known export items that originate from Switzerland are watches, chocolate and cheese, but in fact mechanical and electrical engineering and chemicals together account for over half Swiss export revenues.

USD/CHF Trading Features:

• Switzerland stayed neutral during World War I and World War II, therefore earning its title as a “safe haven” currency, which is why most traders are attracted to this currency pair.
• This currency pair is not as liquid as other major currency pairs, yet nevertheless it offers smooth market trends compared to high volatile pairs.
• The USD/CHF usually experiences movement in times of political turmoil. For example, many traders might choose to purchase CHF in times of geopolitical crises or terrorism activities.

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