CADCHF definition

CAD/CHF is the exchange rate between the Canadian dollar and the Swiss franc, the number of francs one Canadian dollar buys. It brings together an oil-linked currency and a safe haven, so it tends to reflect the tug between energy markets and risk sentiment, and it is a relatively thin cross where spreads run wider than the majors. It carries no popular nickname.

The Canadian dollar is the base currency and the franc the quote currency, so a quote of 0.6500 means one Canadian dollar is worth 0.6500 francs. A rising price means the Canadian dollar is firming against the franc; a falling price means the franc is winning out. You trade CAD/CHF as a forex CFD, taking a position on the rate rather than holding either currency: go long if you back the Canadian dollar, short if you back the franc. Pips sit at the fourth decimal place, and your result is the pips gained or lost multiplied by your position size.

What moves CAD/CHF most is the contrast between an oil exporter and a safe haven. Rising crude prices generally support the Canadian dollar and lift the pair, while risk aversion channels flows into the franc and drags it lower. The differing approaches of the Bank of Canada and the Swiss National Bank, with the SNB long resistant to franc overvaluation, frame the longer-term trend.