EXCHANGE RATE OF AUDCHF ON FOREX

The AUD / CHF currency pair is not considered the main currency pair, although both currencies are the main participants in world financial markets. There are no direct tradings between the two countries, whose national currencies are included in this trading pair, so this is not the main denotation for the pair. The AUD / CHF rate shows how many Swiss francs are required to buy the Australian dollar. The economic conditions of these two currencies are also radically different: although AUD is mainly a commodity currency, CHF is obviously more focused on the financial sector.


AUD

In 1971 the Australian dollar became a floating currency. It was entered in 1966 though and until 1971 depended on the British pound, which reflects the once colonial relations between the two countries. As stated above, AUD relies on the economy based on the commodities export. Since it became floating, it has entered the top 10 most traded national currencies. Although the currency takes only 3.3% of the total foreign exchange, it's important for traders because of its role in the diversification connected to its exposition to the Asian markets.


CHF

In spite of the fact that the Swiss franc is the currency of one of the richest and most strong economies of the world, it takes only about 1% of the world's currency turnover. The Swiss, surrounded by countries with a single euro currency, have so far resisted the transition to a single currency,  and this position is unlikely to change in the nearest future. Unlike AUD, CHF is supported by an economy based on the banking sector, tourism, and industry.


The AUD/CHF analysis

Because of the huge differences between the two currencies (as told above, the countries that support them have radically diverse nature, and these two are also used in different geographical spaces), the pair is deeply interesting: while AUD price can fluctuate depending on  the product cycles, CHF tends to be a very stable asset. Hereby, the pair often creates engaging trading opportunities.

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