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TYPE Currency
GROUP Majors
BASE New Zealand ...
SECOND Switzerland ...
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NZD/CHF Signals

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Long Term
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About the NZD/CHF (New Zealand dollar & Swiss Franc)

The NZD/CHF pair is the abbreviated term used for the New Zealand dollar and Swiss Franc. This pair does not have a nickname. Before we get into the particulars, what exactly does the NZD/CHF rate mean? The exchange rate tells you how many New Zealand dollars (the quote currency) are required to purchase one Swiss Franc (base currency). For example, if the pair is trading at 1.61, it means it takes 1.61 New Zealand dollars to buy 1 Swiss franc.

Breaking Down 'NZD/CHF'

The New Zealand dollar (NZD) is the currency of New Zealand. NZD is made up of 100 cents, and this currency is officially represented by the symbol $ or NZ$ to set it apart from other currencies based in dollars. We can use this currency in the Cook Islands, Niue, Tokelau, and the Pitcairn Islands. This currency’s nickname is kiwi and the reason behind this is the that national bird found stamped on the one-dollar coin. The decimalization of the currency took place in 1967 when the New Zealand dollar replaced the New Zealand pound at a rate of two dollars to one pound. Whereas, the Swiss Franc is a reserve currency. Therefore its value surges during times of uncertainty as investors seek safe-haven options. The exchange rate of Swiss Franc is also determined by economic factors such as interest rates, trade balance, and inflation, but the prices of gold, oil, and coal also tend to be essential factors. The New Zealand Dollar (NZD) and the Swiss Franc (CHF) cross is a currency that suggests an alternative risk play. The New Zealand Dollar is known as a risk-correlated currency due to the mix of high-interest rates and exposure to global economic performance. The Swiss Franc is known as a safe-haven currency because liquidity tends to move away from the Euro-zone and into Switzerland in times of economic difficulty.

What Determines the NZD/CHF Exchange Rate?

Several factors can impact the NZD/CHF rate valuation, including: The Reserve Bank of New Zealand or RBNZ is the name of the central bank of New Zealand. Its main objective is to maintain the stability of New Zealand's financial system, Apart from this, it is also responsible for maintaining the monetary policy, meeting the currency needs of the public and providing support services for other banks in the country. The Swiss National Bank's (SNB) primary purpose is setting Switzerland's monetary policy and it is an independent central bank. Its primary function is to maintain price stability in the country and create an economic environment conducive to economic growth and development for Switzerland. Moreover, it's also responsible for issuing Swiss francs. Notably, investors generally consider known Swiss francs as a safe-haven asset and purchase them as a way to protect their money from risks related to economic turmoil.

Economic Events:

The movement in New Zealand’s and Swiss economic events determine the exchange rates. Top of the line economic events includes GDP, Employment Change, Industrial Production, and Consumer Price Index. Better than forecast data increases the demand for related currency and impacts the value of either the NewZealand dollar & Swiss Franc, causing fluctuations in the NZD/CHF exchange rate.

Major Economic Events:

Gross Domestic Product – The Gross Domestic Product is the central measure of economic growth in the region./p> Employment Change – Both currencies are sensitive to changes in employment, as slack in the labor market cause a drop in Inflation rates. Consumer Price Index – Since one of the goals of RBNZ and SNB is to maintain price stability, they keep an eye on inflation indicators such as the CPI. If the annual CPI deviates from the central bank's target, the central banks could make use of their monetary policy tools to keep inflation in check. The balance of Trade – New Zealand and Switzerland have an extremely robust trade the sector, so currency traders and bank officials alike tend to watch changes in the countries export and import levels. Political announcements & Natural disasters – Besides the scheduled economic events, political elections, new systems, wars, terror incidents, natural calamities can all cause severe variations within NZD/CHF.

Currency Correlations

Correlation is merely a mutual relationship or connection between two or more things. Positive correlation – The positive relationship merely is when pairs move in tandem with each other. In the forex world, the NZD/CHF - NZD/JPY, NZD/CHF - EUR/NZD, and NZD/CHF - XAU/AUD currency pairs are positively correlated. Negative correlation – In contrast, a negative relationship is when forex pairs move in the opposite direction, For example, NZD/CHF - EUR/NZD, NZD/CHF - XAU/AUD, and NZD/CHF - EUR/NOK New Zealand dollar (NZD) has a close relationship with gold prices and oil prices. While the correlations (positive or negative) can be significant.

NZD/CHF Specifications

Standard lot Size: 100,000 Mini lot size: 10,000 Price minimum increment: 0.00001 Pip Value: $10.09