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 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.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.