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NEW ZEALAND DOLLAR / SWISS FRANC Trading
The NZD/CHF currency pair offers an alternative risk play. The New Zealand dollar is being revealed to the world’s economic performance and has high-interest rates. The Swiss franc has always been referred to as a safe-haven currency. In times of economic uncertainty, liquidity moves away from the Euro-zone into Switzerland.
History of NZD CHF Trading
New Zealand currency has a long history of over 160 years. During the 1800s, New Zealand used its coins and banknotes before British currency was even legal currency. The New Zealand dollar is the official currency of New Zealand and is represented by the symbol $ or NZ$ to set it apart from other currencies based on dollars.
Swiss franc (CHF) is the official currency of Switzerland and Liechtenstein and is the 7th most traded currency in the world. The CHF is the only franc that is still issued in Europe after the other nations, that used to denominate their currencies in francs, adopted the euro. The Swiss franc is usually called the "swissie" by traders.
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NZD/CHF Trading FAQs
When Is the Best Time to Trade NZD/CHF?
When Is the Best Time to Trade NZD/CHF?
While forex pairs can theoretically be traded 24 hours a day, there are optimum times to trade the NZD/CHF whenever the currency pair is more volatile. From 02:00 a.m. and 05:00 a.m. (ET), as well as between 08:30 a.m and 10:00 a.m. (ET) the NZD/CHF is usually busy (ET).
Why Is the NZD So Strong?
Why Is the NZD So Strong?
The NZD is considered a steady currency because of the strength of the New Zealand economy and its outlook. New Zealand’s economy is basically affected by the tourism industry, and when tourism in New Zealand goes well, the currency will tend to be stronger.
What affects NZD/CHF investing ?
What affects NZD/CHF investing ?
The price of the NZD/CHF is influenced by a range of factors, including central bank interest rates, press conferences, unemployment data, trade balances, inflation, GDP growth, sales data, market sentiment and consumer confidence.
Where Can I Find a Trusted Forex Broker to Trade NZD/CHF?
Where Can I Find a Trusted
Forex Broker to Trade NZD/CHF?
As you may already know, trading via CFDs (contracts for difference) is one of the most popular approaches when dealing with currencies such as NZD and CHF. While there are numerous Forex brokers out there. Try to find one that suits your needs. Such as FP Markets, a fully regulated broker that offers all types of platforms and accounts, to suit every need.