AUD/CHF – Live and Historical Rates

The AUD/CHF pair isn’t considered a major forex pair, though both currencies involved in it are majors. There’s little direct trading between the two countries whose national currencies these are, hence the non-major designation for the pair. Illustrated in the chart above, the AUD/CHF rate describes how many Swiss Francs are required to buy an Australian Dollar. The economic background of the two currencies is quite radically different as well: while the AUD is mainly a commodity currency, the CHF is obviously more of a finance-rooted one.

The AUD

The Australian Dollar became a floating currency in 1971. Though introduced in 1966, up until 1971 it was pegged to the British Pound, reflecting the once colonial relationship between the two countries. As said above, the AUD draws its strength from a commodity export-based economy. Since becoming floating, it has entered the top 10 club of most traded national currencies. Though it only accounts for 3.3% of the global forex exchange volume, it is important for traders due to its diversification role, stemming from its exposure to the Asian markets.

The CHF

Despite being the currency of one of the world’s richest and most stable economies, the Swiss Franc only accounts for about 1% of the global forex turn-over. Surrounded by Euro-using nations, the Swiss have thus far resisted switching to the common currency, and that stance isn’t likely to change in the predictable future. Unlike the AUD, the CHF is backed by an economy built on banking, tourism and industry.

AUD/CHF Analysis

Due to the massive differences between the two currencies (as shown above, the economies propping them up are of radically different natures, and the two are used in separate geographic spaces too), the pair is a very interesting one: while the AUD may fluctuate with commodity cycles, the CHF tends to be very stable. Thus, the odd pair often generates attractive trading opportunities.