OANDA is electronically connected to numerous global banks to access the best currency rates for its forex traders, and electronic algorithms on OANDA’s fxTrade servers update exchange rates tick-by-tick, in periods of less than a second. The currency rates shown on this page are updated less frequently, but are still a close reflection of the rates available to forex traders right now.
The euro (sometimes called “fibre”) is used by over 320 million Europeans and 17 nations in the eurozone (euro area).
Over 175 million people use currencies pegged to the euro, such as the Danish krona (DKK) and West African CFA franc (XOF).
Eurozone economies vary widely. Germany is the largest economy, and a leading world exporter. Other economies (Ireland, Greece) endure sovereign debt and severe government austerity measures.
The Swiss Franc (also called Swissie or Swissy) is the currency of Switzerland, Lichtenstein, and the Italian municipality of Campione d'Italia (a small enclave in the south).
Switzerland's per capita GDP is among the highest in the world. The country’s economy benefits from a highly developed service sector, led by financial services, and a sophisticated high-tech manufacturing industry.
Most Swiss economic practices conform to those of the surrounding European Union.
