CHF/ZAR

CHF/ZAR CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the Swiss Franc against the South African Rand.

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.

The South African Rand, issued in South Africa, is heavily influenced by commodity prices, particularly gold and platinum, due to South Africa's significant natural resource exports. The Rand may experience fluctuations in response to these commodity prices, domestic political stability, and economic indicators related to South Africa. The CHF/ZAR currency pair will be influenced by global risk sentiment, the commodity markets, and the relative economic and political stability of Switzerland and South Africa.