AUD/CHF: What is it?
AUD/CHF is a currency pair that represents the exchange rate between the Australian Dollar (AUD) and the Swiss Franc (CHF). It is one of the most popular currency pairs in the world and is traded by investors and speculators alike. The AUD/CHF rate is determined by the supply and demand of each currency, and is affected by economic and political events in both countries.
History of AUD/CHF
The AUD/CHF currency pair has been around since the early 2000s, when the Australian Dollar was first introduced. Since then, the pair has seen a lot of volatility due to the different economic and political events in both countries. For example, the Swiss Franc has been a safe-haven currency during times of economic uncertainty, while the Australian Dollar has been more affected by global events.
The AUD/CHF pair has also been affected by the Swiss National Bank’s (SNB) decision to abandon its currency peg in 2015. This caused the Swiss Franc to appreciate significantly against the Australian Dollar, resulting in a sharp decline in the AUD/CHF rate.
AUD/CHF Comparison Table
| Date | AUD/CHF |
|---|---|
| January 1, 2020 | 0.6337 |
| January 1, 2021 | 0.6705 |
| January 1, 2022 | 0.7010 |
Summary
The AUD/CHF currency pair is a popular currency pair that is traded by investors and speculators alike. It is affected by economic and political events in both countries, as well as the decisions of the Swiss National Bank. For more information about the AUD/CHF currency pair, you can visit websites such as Investopedia, FXStreet, and Forex.com.
See Also
- EUR/CHF
- USD/CHF
- GBP/CHF
- CAD/CHF
- JPY/CHF
- AUD/USD
- AUD/JPY
- AUD/CAD
- AUD/GBP
- AUD/NZD
