Convert EUR to CHF
The Swiss economy is closely connected with that of several EU nations. When the Eurozone economy contracts or performs poorly, it has a direct and severe impact on the economic performance of Switzerland as well. When the Swiss economy underperforms, it weakens the value of the CHF and vice versa.
Since the EUR and CHF enjoy a close correlation, the EUR/CHF currency pair is less risky to trade, especially for intraday traders.
The Euro and the Swiss Franc see the most amount of price action during the European session, when both regions see the most amount of news releases taking place. The EUR/CHF sees most price action typically between 08:30 and 15:30 GMT.