The Swiss Franc pair is usually used as a carry trade. Swiss Franc is considered a safe currency during unstable economic times and the Australian Dollar is a more responsive one to global economic conditions. The AUDCHF forex pair is often used as a measuring stick for global economic performance.
Prior to the Australian dollar, there was the Australian pound. The nation used sterling for years until the currency was devalued against the US dollar. The country's proximity to Asia has boosted the AUD tremendously because of the trade between the two countries. The AUD's value has risen and fallen in direct proportion to the strength of this relationship. The Swiss franc, or CHF in any other language, or internationally (CHF) is the currency and legal tender of Switzerland and Liechtenstein. It is also legal tender in the Italian exclave of Campione d'Italia. The Swiss National Bank (SNB) issues banknotes and the federal mint Swissmint issued coins.
