Forex rate chart EUR CHF

EURO vs Swiss Franc

EUR CHF is a cross rate with regard to US dollar. Euro and yen have the highest influence on the current dynamics of the rate, the pressure of US dollar is much less. Currency pair euro to swiss franc traded in the range 1.2400-1.2000 for several years. After cancelation of rigid fixation of franc rate to Euro, it began to move more actively, responded to political events, European and American statistics, and an opportunity emerged for full-fledged technical analysis. However, even now, Euro Swiss franc rate can stay in a narrow flat for a long time, periodically allowing traders to earn on mid-term trends.

Switzerland continuously conducts unexpected currency interventions that result in dramatic franc price jumps; meanwhile, forex EUR CHF pair shows volatility that is practically uncontrolled. That pair is strongly not recommended for beginners. The following factors have fundamental influence on the Euro Swiss franc Forex forecasts: the main economic indicators of Switzerland, Eurozone, the USA, and Japan (discount rate, GDP, inflation, unemployment level, CPI, PMI, etc.); Statements made by officials and financial structures of those countries, European and American financial regulators; Currency interventions of Japanese yen and Swiss franc, as well as ECB's monetary policy; European stock market indexes FTSE 100, Swiss Market Index, DAX, CAC 40.

The increase in volume of euro vs swiss franc transactions is observed during the periods of expiration of large options contracts and at opening of exchange in Sydney (22:00 GMT), as well as during the main Asian trading session, if on the previous trading day there were serious fundamental events.

It is believed that Euro Swiss franc has low liquidity as compared to EUR/USD and USD/CHF and is very rarely used for speculative purposes. The main volume: exchange transactions by ECB and SNB and short-term option contracts.