What is the EUR CHF?
The franc or CHF in any other language, or internationally. code: CHF is the currency and legal tender of Switzerland and Liechtenstein; it is also legal tender in the Italian excl ave of Campione d’Italia. The Swiss National Bank (SNB) issues banknotes and the federal mint Swiss mint issues coins.
The smaller denomination, a hundredth of a franc, is a Rappen. The ISO 4217 code of the currency used by banks and financial institutions is CHF.
The euro (sign: €; code: EUR) is the official currency of 19 of the 27 member states of the European Union. This group of states is known as the eurozone or euro area and includes about 343 million citizens as of 2019. The euro, which is divided into 100 cents, is the second-largest and second-most traded currency in the foreign exchange market after the United States dollar.
EUR CHF represents the Euro Swiss franc currency pair. Therefore, this currency pair displays the exchange rate of the franc against the Euro.
Here is an example: if the exchange rate of EUR CHF is 1.1040, the cost of one Euro in Swiss francs is equivalent to 1.1040 Swiss francs (CHF). This is the exchange rate of the EUR/CHF currency pair.
Despite the fact that the Swiss franc is a safe haven currency, the EURCHF currency pair is not one of the main Forex currency pairs. This exchange rate is one of the minor currency pairs. Trading EUR CHF on Forex is a great way to speculate on the economy of the Euro Zone and Switzerland.
EUR/CHF chart change-Trading on the news
The exchange rate of the Swiss franc to the Euro is always surrounded by a lot of news. The fundamental analysis of these two economies is based on the monetary policy of the respective Central banks of the two countries. Therefore, it is important to monitor the development of the Swiss franc price using fundamental analysis.