AUD/CHF
What is AUD/CHF CFD?
AUD/CHF CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the Australian Dollar against the Swiss Franc.
The Australian Dollar, issued in Australia, holds a notable share of the foreign exchange market. According to the 2022 BIS Triennial Central Bank Survey, it is the sixth most traded currency globally. Australia is perceived to have strong economic ties with China, and the Australian Dollar may experience fluctuations in response to Chinese economic indicators and related factors.
The Swiss Franc, issued in Switzerland, is considered a safe-haven currency, often sought after during times of economic uncertainty. Switzerland's political and economic stability contributes to the Franc's strength. Therefore, the Swiss Franc may experience fluctuations based on global economic stability, and investor risk sentiment.