About AUD/CHF
AUD/CHF sets a commodity currency against a traditional safe haven, which makes it one of the more direct expressions of risk appetite available in the forex market. The Australian dollar tends to strengthen when global growth expectations are rising, commodity demand is firm and investors are willing to hold higher-yielding assets. The Swiss franc tends to strengthen in the opposite conditions. The pair therefore often moves further on a shift in sentiment than either leg does against the US dollar.
What Moves AUD/CHF?
Global risk appetite
This is the dominant driver. Equity market direction, credit conditions and geopolitical stress move both legs at once and in opposite directions.
Commodity demand and China
Australia’s export base is concentrated in iron ore, coal and gas, and China is its largest customer. Chinese industrial demand feeds through to the Australian dollar directly.
The Swiss National Bank
The SNB has a long history of acting against excessive franc strength, and its policy stance and balance sheet decisions matter to every franc cross.
Rate differentials
The gap between Australian and Swiss policy rates shapes the cost of holding the pair over time.
Trading AUD/CHF
Prices on this page come from our own market feed. The chart, the 52-week range and the performance figures are measured from our own daily closes, and any figure our history cannot support is withheld rather than estimated. Nothing here is a recommendation or a forecast β see our methodology for how each figure is produced.
