CHF/CAD Exchange rate
Editors’ Picks

EUR/USD reaches fresh multi-year highs with Powell's testimony
The EUR/USD trades near fresh 2025 highs in the 1.1640 price zone as Federal Reserve Chairman testifies before Congress. His optimistic words fuel risk appetite. The market's mood improved in Asia following news of a ceasefire in the Middle East.

GBP/USD resumes run beyond 1.3600
GBP/USD trades well above the 1.3600 mark in the American session, following comments from the BoE and the Fed's heads. Diminishing recession-related concerns are undermining the sentiment, despite persistent uncertainty about inflation. Hopes about easing Middle East tensions add to the upbeat mood.

Gold nears $3,300 as Fed Powell testifies before Congress
Gold price maintains its heavily offered tone early in the American session, approaching the $3,300 threshold on news indicating easing Middle East tensions. The ceasefire between Iran and Israel revived risk-on flows, to the detriment of the bright metal. Fed's Powell testimony before Congress coming up next.

Bitcoin recovers as Iran-Israel ceasefire fuels risk-on sentiment
Bitcoin price stabilizes around $105,000 on Tuesday after a 4.33% gain on Monday, driven by easing geopolitical and regulatory concerns. Global risk appetite is increasing as the ceasefire between Iran and Israel, along with the Fed's softer stance on crypto-related banking, takes hold.

Could Iran block the Strait of Hormuz? Why Oil is on edge after US strikes
As the Israel-Iran conflict reaches new heights, an old threat is coming back to haunt the markets: that of the closure of the Strait of Hormuz. This narrow arm of the sea in the Persian Gulf, wedged between Iran to the north and the United Arab Emirates and Oman to the south, is much more than a simple sea passage.
Majors
Cryptocurrencies
Signatures
CHF/CAD
The CHF/CAD pair tells the trader how many Canadian Dollar (the quote currency) are needed to purchase one Franc Swiss (the base currency). These two economies are quite intensely linked because Canada is an important producer of gold while Switzerland is a great importer of that same commodity - a quart part of the overall commodities imported by Switzerland is gold and there is a solid tradition of gold refineries/gold mining companies in the country. Switzerland can be considered as a stable and safe country. The same accounts for its currency, the Swiss Franc (CHF). The currency is often referred to as the “safe-haven” currency, as it is a backup for investors during times of geopolitical tensions or uncertainty: it is expected to increase its value against other currencies in times of volatility.
HISTORIC HIGHS AND LOWS FOR CHF/CAD
- All-time records: Max: 1.4753 on 01/01/2015 - Min: 0.2176 on 01/01/1961
- Last 5 years: Max: 1.4680 on 18/01/2016 - Min: 1.2589 on 11/09/2017
* Data as of February 2020
ASSETS THAT INFLUENCE CHF/CAD THE MOST
- Currencies: USD and EUR.
- Commodities: Gold, Oil and Natural Gas.
- Bonds: CSB (Canada Savings Bonds), CPB (Canada Premium Bond) and SBI T (Swiss Bond Indexes).
- Indices: SMI (the Swiss Market Index, Switzerland's blue-chip stock market index ), ESTX50 (ESTX50 (Euro Stoxx 50, a stock index of Eurozone stocks designed by STOXX, an index provider owned by Deutsche Börse Group) S&P/TSX Global Gold Index (index of global gold securities) and S&P/TSX Capped Energy Index (benchmarks for related derivative products of Canadian economic sectors).
ORGANIZATIONS, PEOPLE AND ECONOMIC DATA THAT INFLUENCE CHF/CAD
The organizations and people that affect the most the moves of the CHF/CAD pair are:
- Central Banks of Switzerland, the Swiss National Bank (SNB) and his Chairman of the governing board, Thomas Jordan. The SNB controls the Switzerland’s monetary policy, through active duties such as managing interest rates, setting the reserve requirement, and acting as a lender of last resort to the banking sector during times of bank insolvency or financial crisis.
- Bank of Canada (BoC, Canada’s Central bank) is a Crown corporation and Canada's central bank. Chartered in 1934 under the Bank of Canada Act, it is responsible for formulating Canada's monetary policy, and for the promotion of a safe and sound financial system within Canada. BoC has the same role as the SNB and issues statements and decides on the interest rates of the country. Its president is Tiff Macklem.
- The Federal Reserve of the United States (Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises. Fed's president is Jerome Powell.
- European Central Bank (ECB) is the central bank for the euro and administers monetary policy within the Eurozone, which comprises 19 member states of the European Union and is one of the largest monetary areas in the world. The main objective is to maintain price stability for the Euro. The Bank is currently headed by Christine Lagarde.
- World Gold Council (WGC): because of the gold-dominated relationship between Canada and Switzerland, the WGC, a market development organisation for the gold industry whose aim is to stimulate and sustain demand for that commodity, is an important institution whose decisions and reports can affect the CHF/CAD.