CANADIAN DOLLAR /SWISS FRANC Trading
This is the forex quote for the Canadian Dollar against the Swiss Franc. In this quote, the value of one CAD (the 'base currency') is quoted in terms of CHF (the 'counter currency'). The Canadian Dollar is often considered to be a 'commodity currency' because Canada exports a large number of natural resources, notably oil. In practical terms, this makes it sensitive to the ebb and flow of trends in investors' overall outlook on global economic growth. Meanwhile, Switzerland's has a long-standing history as a safe haven and harbour for foreigners looking to house their wealth in a private banking system. As a pairing embodying the relationship between a growth-linked, higher-yielding currency and a safety-geared, low yielding one, CAD/CHF is a notable carry trade vehicle.
History of CANADIAN DOLLAR /SWISS FRANC
Canada's monetary policy, and the value of the Canadian dollar, are heavily influenced by global commodity prices. Natural resources are an important part of Canada's economy, and for that reason, its currency tends to fluctuate according to world commodity prices, economy is driven by exports, particularly in consumer electronics, IT products, pharmaceuticals and other chemicals.
In 1850, the first Swiss Franc was introduced; it was on par with the French Franc. In 1865, Switzerland became part of the Latin Monetary Union, which consisted of France, Italy, Switzerland, and Belgium. In 2008, the Swiss Franc was valued higher than the USD. In 2010, the 9th series of Francs was introduced.
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Source - database | Page ID - 3301