Convert CAD to CHF
The CAD/CHF forex pair sees a movement of around 50 pips on average.
The CAD/CHF currency pair sees significant price action upon the release of key economic data from Canada and Switzerland, including GDP, inflation, trade balance, retail sales, consumer confidence, business sentiment and unemployment rate.
Changes to the monetary policy or interest rates by the Bank of Canada (BOC) and the Swiss National Bank (SNB) can cause changes in the value of the CAD and the CHF respectively, causing volatility in the CAD/CHF forex pair. For instance, if the BOC tightens its monetary policy or hikes interest rates, it strengthens the CAD and causes this pair to trade bullish, and vice versa.