Swiss Currency Real-Time Streaming Daily and Historical Chart (Line, Candlestick, Bar, P&F)
Live Real-Time streaming chart of Swiss Currency with adjustable line type, time frame/period, and optional technical indicators is available here.
One Month/ Hourly Bar
Swiss Currency for Last Month
12 months/ Daily Line
Swiss Currency for Last 12 Months
5 Years/ Weekly Candle
Swiss Currency for Last 5 Years
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Real-time streaming chart (Swiss Currency) can be customized. You can change the time period (1 minute, 10 minute, 1 hour, 1 day or 1 week), time frame (from 10 to 500 time periods), chart type (bar, candle, line, P&F) or change/add technical indicator (Volume, RSI, MACD, Stohastic, Momentum and others); just move your mouse over the chart and notice the Options button in the right top corner of the chart. Click on this button and then adapt the settings according to your needs in the drop menu. You can also Detach the chart in a separate window and zoom it or even make it full-screen.
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Introducing the Swiss Currency
The Swiss currency is known as the franc and is popularly referred to as the Swiss franc denoted by the symbol Fr or the SFr. However, the ISO code of this currency, CHF, which is used by banks and financial institutions, is an acronym of the currency's Latin name, Confoederatio Helvetica franc since Latin is considered as being representative of the multilingual population inhabiting the country. The Swiss franc has a number of nicknames, some of the most popular ones being Stutz, Stei, Eier, Schnagg, Balle and Thune, where in ! Thune is equivalent of 5 SFr. While it is the Swiss National Bank which issues the banknotes of this currency in various denominations, the responsibility of issuing coins, or centimes, lies with the Swiss mint.
The Helvetic History of the Swiss Currency
Prior to the establishment of the Helvetic Republic of Switzerland during the 18th century, the Swiss currency was represented by as many as 860 different coins belonging to different monetary systems and carrying different values and denominations. As a result, when the Helvetic Republic was formed at the turn of the century, one of its first actions was to put into practice a monetary system which would remain uniform throughout the country and would feature the Swiss franc as its main unit. However, the continuous in-pouring of foreign currencies and coinage from different parts of the world interfered with the functioning of the Swiss franc until 7th May, 1850 when it was official declared as being the Swiss currency.
History of Inflation and Deflation
From the time of its inception, the Swiss franc has remained as being one of the safest currencies which has largely remained immune from inflation and deflation. When it was introduced in 1850, it was meant to be at par with the French Franc and was automatically included as a part of the Latin Monetary Union which was formed in 1865. This turned out to be a short-lived phenomenon which came to an end in 1927 leaving the Swiss franc completely unaffected in terms of its value. The first and the only major devaluation was suffered by this currency in 1927 during the Great Depression subsequent to which the currency stabilized once again to rise and fall in tandem with the Euro, the US Dollar and the other currencies.
Role of the Swiss National Bank
The Swiss National Bank has played a major role in the establishment of the Swiss currency and is also credited with its stability in the global scenario relative to the other currencies. Prior to the empowerment of this institution, the monetary system of Switzerland was extremely complicated due to the issue of coins and notes by a number of different institutions. It was with the intention of streamlining this growing national problem that the Swiss mint was given the charge of issuing centimes and the Swiss National Bank was officially put solely in charge of issuing banknotes of various denominations in 1907. Over a period of time, the Swiss Bank has released the bank notes of the Swiss Currency in eight series so far all of which revolve around a particular theme, feature a main color and have different dimensions.
Indicators Influencing the Value of the Swiss franc
The fact that Switzerland is considered as being a safe haven for foreign investors is attributed to the fact that the Swiss economy is stability personified which is why the value of the Swiss currency is also equally stable. Much of the stability in value of the Swiss franc arises from high GDP, high per capita income, low rate of unemployment and low budgetary deficit. The country's economy is largely dependent on small size and cottage industries and success achieved in the industrial and trade sectors contribute positively to the value and stability of the Swiss franc.
Cross Rate Effect
The cross rate effect of the Swiss franc is apparent when it is quoted against the US Dollar or the Euro in a country whose national currency is different from the three stated currencies. In this regard, it is the USD/CHF cross rates which is one of the most popular currency pairs in the world due to its immunity to a very great extent to the rising and falling trends typical of the global forex markets. Therefore, such a currency cross rate pair is likely to churn profits under any economic situation. Another popular cross rate effect concerning the Swiss franc is in pairing the currency with the Euro as this another lucrative pair of forex traders around the world.
Swiss Franc and the Forex Market
The Swiss franc is one of the most popular currencies in the forex market because not only are its interest rates low but it is immune to a great extent to international swings as well. The value of this currency in the forex market is influenced by news pertaining to changes in the Swiss banking regulation, mergers and acquisitions in the Swiss banking and insurance sectors and interest rate differentials between the Swiss currency and the European Union. The Swiss franc is mostly quoted against the Euro in the forex market and is considered as being one of the traditional currency pairs on the international horizon. However, at present the more volatile and liquid pair of US Dollar and Swiss franc is set to cultivate a market of its own and is gaining more popularity amidst trading circles with each passing day.
The performance of the Swiss franc in the financial markets is governed and determined by the Swiss National Bank which monitors the exchange rate pertaining to the value of this currency very closely. This is due to the fact that an excessively strong Swiss franc is prone to cause inflation especially in situations when economic instability hovers over a number of countries in the world. Therefore, the financial markets always feature a weak franc and most of the monetary policies of the Swiss National Bank are designed and put into practice with this intention.
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Written by: Goran Dolenc