Convert NZD to CHF
The NZD/CHF sees significant fluctuation when important economic data is released from New Zealand and Switzerland. Some of the market moving economic data include GDP, inflation, unemployment, trade balance, business sentiment and consumer confidence.
The safe haven currency CHF is sensitive to economic events in the US - the world's largest economy. As a result, the release of important data points such as GDP, the NFP report, retail sales, trade balance and even Fed's meetings cause movement in the value of the CHF and drive price action in the NZD/CHF pair.
NZD/CHF touched a low of 0.5299 on 19 March 2020. This was the weakest value this currency pair has traded at so far this year.