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CAD/CHF overview
Overview
Costs
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CAD/CHF is the forex quote for the Canadian dollar against the Swiss franc. The pair tells traders how many francs are needed to buy a single Canadian dollar.
The Canadian dollar’s price is largely impacted by natural resources, most notably oil, which has made it a popular way for forex traders to diversify. It’s known as a commodity currency. This means that traders need to be aware of the price of oil, as higher exports can increase the value of CAD and lower the CAD/CHF price.
Conversely, the franc may experience an increase in value during periods of economic decline thanks to its reputation as a ‘safe haven’.
The different levels of risk between the currencies – CAD being higher risk, and CHF being lower risk – and the interest rate differential between the economies have made it a popular ‘carry trade’.
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Trading Hours24 hours / day *
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Min Trade Size1
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Min Stop Distance0.0 Points
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Guaranteed Order Minimum50.0 Points
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Spreads
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Spreads From0.00020 Points
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Dealing
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Spreads0.00020 Points
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Guaranteed Order Min Distance50.0 Points
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CAD/CHF Forex explained
When is the forex market open for trading?
The forex market is open for trading 24-hours a day from 10pm (UTC) on Sunday to 10pm (UTC) on Friday. That means with FX, you can build your trading strategy around your schedule, instead of having to conform to when a stock exchange is open.
However, there are times when the market is much more active, and times when it is comparatively dormant. To learn the best times to trade forex, read our dedicated page.
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Where is forex traded?
Forex is traded via a global network of banks in what’s known as an over-the-counter market – unlike shares and commodities, which are bought and sold on exchanges. Because of this, you can trade forex 24-hours a day.
FX trading is split across four main ‘hubs’ in London, Tokyo, New York and Sydney. When banks in one of these areas close, those in another open, which is what facilitates round-the-clock trading.
However, there’s no physical location where these banks and individuals trade with each other. Instead, it is entirely online.
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Why do people trade currencies?
People trade currencies for lots of different reasons. You’ve probably traded a currency if you’ve ever bought goods overseas, for example, or gone on a foreign holiday. However, the vast majority of FX trading is done for profit.
Currencies are constantly moving in value against each other. On any given day, the pound might be rising against the dollar, while the euro falls against the Swiss franc. Forex traders buy and sell currency pairs to try and take advantage of this volatility and earn a return.
For instance, if the pound is rising against the dollar, you might buy GBP/USD. When you buy this pair, you’re buying pound sterling (GBP) by selling the US dollar (USD). Then, if the pound continues to outpace the dollar, you can sell the pair to exchange your GBP back for USD and keep the difference as profit.
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