|Member Sentiment Neutral|
Live and Historical NZD/CHF Rates
This chart shows the value of the New Zealand dollar (NZD) against the value of the Swiss franc (CHF) - that is how many CHF will purchase one New Zealand dollar. The Swiss franc is a major currency, but the New Zealand dollar is not. NZD/CHF forms neither a major pair nor a commodity pair.
The New Zealand Dollar
The New Zealand dollar is also known as the "kiwi" or the "kiwi dollar." The kiwi was introduced to the world market in 1967, and at that time NZD was pegged to USD. It was in 1985 that NZD followed the trend started by the United States in the '70's to float. However, NZD is still very heavenly influenced by international currency trading and other world economies. Unlike other currencies that have micro-denominations as low as 1, the smallest NZD coin available has a value of 10 cents. Major New Zealand exports include food processing and agriculture, and New Zealand's primary trade partners are the United States and Australia.
The Swiss Franc
Switzerland has one of the strongest economies in the world. With huge stores of gold on hand, it would follow that the Swiss franc is one of the most dependable currencies in the world. The Swiss franc is sought after as a reserve currency because of its strength as well as its stability. The Swiss franc's stability is attributed to both the low unemployment rates and low national deficit in Switzerland and Liechtenstein. The Swiss National Bank is the governing body of the Swiss franc though they maintain limited control over the Swiss franc's value. Major Swiss franc sectors are tourism, agriculture and banking.
This pair is interesting because of the strong contrast between the two currencies. Of course, there is a strong geographic separation between the nations, but the focus industries in the two economies also contributes to the contrast. The kiwi dollar is also much less stable than the franc. Because of solid stability in CHF, the best opportunities usually arise from agricultural prices. When the kiwi dollar inflated rapidly in the early 2000s, this was also an excellent pair for carry trades, and other similar opportunities may arise in the future. Of course, any adjustments in the Australian, American or Eurozone economies will also have a strong influence.
July 28, 2014 at 1:29 AM • Comment
*Key Fundamental Forex Events and Forecasts for the Coming Week*Read More
July 25, 2014 at 11:07 AM • Comment
*Key Fundamental Forex Events for the Week of July 21st through July 25th*Read More
July 21, 2014 at 10:06 AM • 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 July 21st–July 25th, with release times displayed for the GMT...Read More
July 18, 2014 at 4:32 PM • Comment
Key Fundamental Forex Events for the Week of July 14th through July 18th The following table lists the key economic data and other events that came out during the week of July 14th through July 18th, with release times...Read More
July 14, 2014 at 12:10 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 July 14th–July 18th, with release times displayed for the GMT...Read More