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The Australian Dollar cross with the Swiss Franc (AUD/CHF) currency pair is often used when traders are looking to play a risk correlated currency against a safe haven currency. Market environments that are heavily sensitive to global sentiment will generally translate into a good amount of volatility for this pair. When sentiment is strong, it generally correlates with a higher rate, while deteriorating sentiment will have a weighing influence.
The Australia economy is a commodity rich economy which means it's a currency correlated to the direction in commodities prices. Australia is focused on shipping energy products and ferrous metals.The Australian Dollar is also highly correlated with China given its dependence on the emerging market economy, which means it is a risk correlated currency. Meanwhile, the Swiss economy has been historically viewed as a safe haven economy with a complex banking system, inviting of capital flows in times of economic downturn. Given its neutrality when it comes to world issues, the Swiss Franc also has become a currency of choice in risk liquidation environments with Switzerland not getting involved in regional and world conflict. So if you’re looking to make a currency play that is tied to the direction in risk, the AUDCHF cross rate could be the way to go.