Euro – Swiss Franc (EUR/CHF)
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EUR (Euro)
Currency unit of the Eurozone, which includes 18 leading countries of Europe. The world’s second largest reserve currency after the US dollar in order of importance.
Issued by: European Central Bank (ECB)
The price dynamics depend on the interest rates of the ECB, inflation and growth rates of the region’s economy.
CHF (Swiss franc)
Currency unit of Switzerland and Liechtenstein. It is traditionally considered to be a safe haven asset. It is usually in great demand during periods of economical and geopolitical tension.
Issued by: Swiss National Bank
The price dynamics depend on the interest rates of the Swiss National Bank as well as neutral status and high credit rating of the country.