|Member Sentiment Neutral|
Live and Historical CAD/CHF Rates
The associated chart reflects the value of the Canadian dollar (CAD) against the Swiss franc (CHF)-how many francs can purchase one dollar. The CHF/CAD pairing is not a commodities pair or a major pair. While CAD is not a major currency, CHF is a major currency carrying significant buying power and large volume.
The Canadian Dollar
CAD was introduced in 1871, ending decades of disputes and finally unifying Canadian currency. It is the seventh most traded currency in the world. The Canadian dollar has floated since 1970, and the Bank of Canada (which maintains control of CAD) has remained relatively passive since 1988. Canada, the tenth largest economy in the world, depends on oil as one its major exports. CAD is considered a benchmark currency. Even though Canada is still under the governing power of Great Britain, it is more closely associated with its neighbor to the south, the United States-Canada's major import and export partner.
The Swiss Franc
The Swiss franc is the currency for both Switzerland and Lichtenstein. CHF is under the control of the Swiss Bank but with very little intervention. Very large holdings of gold give Switzerland one of the strongest economies in the world. Despite the introduction of the euro to the world market, Switzerland has resisted changing from CHF, and there is very little to indicate that a change is on the horizon because CHF is so strong. However, despite its strength and high value, CHF only accounts for one percent of total currency exchange. In addition, it is only the seventh most common reserve currency.
Canada and Switzerland depend on very different industries and are influenced by very distinct factors as a result. In addition, Canada is very economically dependant on the US, while Switzerland is heavily influenced by the EU. Therefore, it is impossible to profitably trade CAD/CHF without also watching EUR/USD. Because of the stability and low interest rates in CHF, it is sometimes possible to use as a carry currency. However, the most influential factor (besides the status of the US and the EU) is the price of energy commodities, which deeply influence CAD.
February 28, 2014 at 3:21 PM • Comment
Key Fundamental Forex Events for the Week of February 24th through February 28th The following table lists the key economic data and other events that came out during the week of February 24th through February 28th, with release times...Read More
February 24, 2014 at 6:53 PM • Comment
Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of February 24th–February 28th, with release times displayed for the GMT time...Read More
February 24, 2014 at 6:43 PM • Comment
USDCAD latter Feb risk through critical 1.1240 for 1.1335 and 1.1420 Fibo targets Despite a head fake type move on Friday, after the anticipated push through 1.1125/35 targets, we still see a bullish tone early this week and into...Read More
February 21, 2014 at 12:40 PM • Comment
Key Fundamental Forex Events for the Week of February 17th through February 21st The following table lists the key economic data and other events that came out during the week of February 17th through February 21st, with release times...Read More
February 17, 2014 at 2:10 PM • Comment
Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of February 17th–February 21st, with release times displayed for the GMT time...Read More
Top-Rated Forex Brokers
|11||HY Markets||Sign Up||Review|
|13||FX Pro||Sign Up||Review|
|14||ForexBroker Inc||Sign Up||Review|