SGD/CHF

SGD/CHF CFD is a product offered by OANDA, and is based on a currency pair that represents the value of the Singapore Dollar against the Swiss Franc.  

The Singapore Dollar, issued in Singapore, is managed by the Monetary Authority of Singapore (MAS) through an exchange rate policy, where it is allowed to fluctuate within a policy band against a trade-weighted basket of currencies. Singapore's economy is heavily reliant on trade, finance, and manufacturing.  

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 SGD/CHF currency pair will be influenced by the relative economic performance and monetary policies of Singapore and Switzerland, and also by global risk sentiment.