Convert CHF to DKK
The exchange rate of CHF/DKK experiences significant fluctuations upon the release of important economic data from Switzerland, Denmark and even the Eurozone. Some key economic data that can influence this currency pair include GDP, inflation, unemployment rate, retail sales, business confidence, consumer confidence, trade balance and industrial production.
The CHF/DKK forex pair also gets affected by changes to the monetary policy and interest rates announced by the Swiss National Bank, Danmarks Nationalbank and even the European Central Bank. For instance, if the ECB tightens its monetary policy or announces a rate hike, the Euro strengthens, which in turn strengthens the DKK and causes this currency pair to trade bearish, as a result.
CHF/DKK touched a high of 7.1165 on 9 March 2020. This was the strongest level this forex pair traded at so far this year.