The CHFPLN currency pair is highly influenced by the political and economic climate in both Switzerland and Poland. In Switzerland, any changes to its monetary policy or governing policies can have an impact on the value of this currency pair. Similarly, any important news related to Poland's economy, such as the GDP growth rate, can cause fluctuations in this currency pair.
Furthermore, news related to the global financial market and its impact on Switzerland and Poland can also affect this currency pair. Finally, any changes in foreign exchange rates between Switzerland and Poland can also have an effect on CHFPLN. Therefore, it is important for traders to keep track of all these factors when trading in this currency pair.
The CHFPLN currency pair has seen its fair share of volatility over the years, with prices reaching both all-time highs and all-time lows. The highest price recorded for this pair was in 2022 when it reached a peak of 5.01 Swiss Francs per Polish zloty. On the other hand, the lowest price ever recorded was in 2008, when it hit a low of just 1.96 Swiss Francs per Polish zloty. Despite these wide fluctuations, the CHFPLN currency pair has remained relatively stable since 2013, with only minor deviations from its long-term average price.
This makes it a relatively attractive option for both short-term and long-term traders. With careful analysis and strategic decision-making, investors can benefit from the CHFPLN currency pair's potential to deliver profits in both the short and long term.
The CHFPLN currency pair is an attractive option for traders who are looking to diversify their portfolios with a Swiss Franc, Polish Zloty pairing. This major currency pair features one of the most stable economies in Europe, and provides reliable liquidity for trading. The Swiss Franc serves as the base currency, and its stability helps protect against currency volatility.
For those looking for additional pairs to diversify their portfolios, there are several options available. Traders may want to consider the EURCHF and EURPLN currency pairings, which feature the Euro as their base currency. The Euro is one of the most widely traded currencies in the world, and its stability provides traders with a reliable asset for trading.
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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.