NZD/CHF – Live and Historical Rates
This pair features a major currency (the Swiss Franc) coupled up with a non-major, the New Zealand Dollar. The pair itself is neither a major, nor a commodity one. The chart featured above shows the amount of CHF needed to purchase a NZD.
Not being a major and not being backed by a massive economy, the NZD is heavily influenced by the evolution of a number of national economies with which the country has close trading ties. In this regard, the economies of Japan, the US and Australia have to be singled out. The NZD was introduced in 1967, replacing the New Zealand Pound. At the time, it was pegged to the USD. Since 1985, it has been floating though. Given the nature of the New Zealand economy, the NZD is most exposed to the variation of agricultural product prices as well as to commodity price-variations, to a certain degree.
The Swiss Franc is one of the national currencies which punches well above its weight in an economic sense. Despite the small size of the country, a sturdy, financial sector-based economy and major gold reserves lend the currency a disproportional amount of strength. The Swiss economy on the whole is an engine of wealth and prosperity. Low unemployment coupled with low national deficit is a clear indication that everything is working the way it’s supposed to. In addition to being one of the strongest national currencies in the world markets, the CHF has been extremely stable as well.
The geographical distance between the two countries and the radically different nature of their economies mean that there’s little to no direct trading between New Zealand and Switzerland. Nonetheless, there may be trading opportunities involving the pair: given the stability of the CHF, the volatility of the agricultural prices is one factor to watch in this regard.
See more daily forex charts
NZD CHF Currency Converter
Other major currency pairs
BUY - rate is expected to increase, i.e. the first currency gains value against the second currency.
SELL - rate is expected to go down, i.e. the first currency is expected to lose value against the second currency.