Swiss Franc
Swiss Franc Meaning:
In foreign exchange terminology, the Swiss Franc, often nicknamed the Swissie among traders, refers to the currency of the Swiss Confederation, also commonly known as Switzerland. The currency has the ISO 4217 code CHF, and it is most commonly-traded in the forex market as the counter-currency against the U.S. Dollar as the pair USD/CHF, although it also trades actively against the E.U.’s Euro as EUR/CHF.
In foreign exchange terminology, the Swiss Franc, often nicknamed the Swissie among traders, refers to the currency of the Swiss Confederation, also commonly known as Switzerland. The currency has the ISO 4217 code CHF, and it is most commonly-traded in the forex market as the counter-currency against the U.S. Dollar as the pair USD/CHF, although it also trades actively against the E.U.’s Euro as EUR/CHF.
Against the U.S. Dollar, the Swiss Franc is one of the most actively-traded currencies in the forex market where it is considered one of the majors. Furthermore, the Swiss Franc often benefits from flights to quality in times of trouble due to Switzerland’s dual reputation of political neutrality and relative banking safety.