Forex Walkthrough

AAA

Level 5 Economics - Swiss Franc

Swiss Franc (CHF)
Central Bank: Swiss National Bank (SNB)
Current Interest Rate: Link Link here

A Banker's Currency
The Swiss National Bank differs from all other major central banks because it is viewed as a governing body with private and public ownership. This stems from the fact that the Swiss National Bank is technically a corporation under special regulation. Consequently, just over half of the governing body is owned by the sovereign states of Switzerland. This arrangement underlines the economic and financial stability policies dictated by the governing board of the SNB. The SNB is noticeably smaller than most other governing bodies. Monetary policy decisions are decided on by three major bank heads who meet on a quarterly basis. This governing board creates the band (plus or minus 25 basis points) within which the interest rate will reside.

Much like the euro, the Swiss franc (CHF) rarely makes significant moves in individual sessions. Therefore, keep an eye on this particular currency to trade in the average daily range of 35 pips per day. High-frequency volume for this currency is usually seen during the London session. (For more on the CHF, read Forex: Making Sense Of The Euro/Swiss Franc Relationship.)

Canadian Dollar

You May Also Like

Related Articles
  1. Investing Basics

    The Most Popular Bitcoin Mining Software

  2. With stocks surging, financial advisers and their wealthy clients are asking why they should continue to bother with poorly performing alternatives.
    Professionals

    Are Advisors Off Alternatives?

  3. Investing Basics

    Putting Your Retirement Eggs in Several ...

  4. Forex Strategies

    How to Build A Forex Trading Model

  5. bitcoin
    Investing Basics

    Medici, The Blockchain Stock Exchange

Trading Center