The AUD/CHF currency pair offers traders a unique trading opportunity due to the strong relationship between these two economies. The Australian dollar, also known as Aussie or Oz, is the sixth most traded currency in the world and is considered a reliable reserve currency by many central banks. Meanwhile, the Swiss Franc is one of the most sought-after currencies, thanks to Switzerland's reputation for economic stability and its safe-haven status.
The AUD/CHF pair is often seen as a good hedge against financial crises, making it an attractive option for traders seeking to diversify their portfolios. Furthermore, due to the strong correlation between commodity prices and the Australian dollar, this pair can be used as a proxy for the demand and supply of commodities worldwide. Traders can look to take advantage of any changes in the exchange rate between these two currencies, making this pair an ideal option for day traders who have an appetite for risk.
The AUD/CHF currency pair has seen a wide range of price movements over the years. The highest rate was recorded on 2nd November 2007 when it reached 1.06, while the lowest rate was witnessed on 20th March 2020 when it dropped to 0.57. Traders should be aware of these extremes as they could affect their trading strategies.
It is important to stay up to date with the latest market news and events so that you can make informed decisions when trading this pair. If you want to take advantage of any potential price movements, it is essential to have a clear understanding of the historical trends for this currency pair.
The AUD CHF currency pair can be a great choice for traders looking to take advantage of market opportunities. This pairing features two currencies with high liquidity, making it easy and cost-effective to trade. It also has relatively low volatility, meaning traders can make more precise entry and exit decisions when trading the pair. Furthermore, this pair is often used as a hedge against other currency pairs, making it an ideal choice for those looking to diversify their portfolio.
In addition to AUD CHF, traders should also consider trading the EUR USD pair, as well as the GBP USD pair. The EUR USD is one of the most frequently traded currency pairs and provides excellent liquidity and tight spreads . The GBP USD, meanwhile, is the third most traded currency pair and offers a good balance of both volatility and liquidity. Both pairs can offer traders excellent opportunities for trading profitably and diversifying their portfolios.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and with low capital investment.