Forex rate chart AUD CHF
Australian Dollar vs Swiss Franc
AUD CHF is the cross rate with regard to USD, which, presently, has an influence on this pair. When in the process of transaction, forex AUD CHF respond to the dollar exchange rate with different speed, i.e. volatility of the instrument is a distinctive indicator of the change speed of those currencies quotes.
The Australian dollar Swiss franc rate reflects the interrelation of one of the largest European economies with Australian power of raw materials. Swiss franc is one of the most stable global currencies and is traditionally seen as a safe haven for capital. It produces an active response to the crisis moments of the global economy - usually, the franc rate experiences dramatic growth in price against other currencies. That can be seen technically by price peaks on the rate chart AUD CHF.
The following factors have fundamental influence on the AUD CHF forecasts: the main economic indicators of the USA, Australia, Switzerland, and Eurozone (discount rate, GDP, inflation, unemployment level, CPI, PMI, etc.); Statements made by officials and financial structures of those countries, European and American financial regulators; The movement of prices for raw materials (gold, oil, iron ore, non-ferrous metals) and stock indexes (Hang Seng, KOSPI, Nikkei 225, SET50, SSE Composite, TOPIX) that affect the Australian economy; European stock market indexes FTSE 100, Swiss Market Index, DAX, CAC 40.
Australian dollar Swiss franc is considered to be a low-liquidity asset even in compared to basic pairs AUD/USD and USD/CHF, and, therefore, it is rarely used for speculative purposes. The main volume: exchange transactions of Australian and Swiss Central Banks, as well a commercial contracts.