The currency pair is the Australian dollar to the Swiss franc.
The Australian dollar, also called aussie, is a typical commodity currency, as its price is influenced by the prices of minerals exported by Australia. The largest importer of iron ore, coal and other natural resources is China, the state of its economy also has an impact on the volume of exports and, accordingly, the rate of the Australian dollar.
Switzerland is in the top twenty countries in terms of industrial production and the top ten in terms of income per capita. About a third of the products are exported. High quality products provide good demand and, as a result, a stable high positive trade balance. A kind of economic indicator of the Swiss economy is the data on the export of watches. Total exports from Switzerland to Australia in 2016 amounted to 2.37 billion dollars.
The AUD / CHF currency pair is built on the principle of direct quotation. The base currency is AUD - the Australian dollar, and quoted - CHF, Swiss franc. The appreciation of the currency pair means the strengthening of the Australian dollar against the Swiss franc, that is, the purchase of one AUD requires more CHF. A decrease in the rate indicates a strengthening of CHF.
Using the current exchange rate chart, you can monitor the volatility of a currency pair in real time.
The Australian dollar (bank code: AUD), the official currency of the Commonwealth of Australia, also has circulation on the islands of Christmas, Cocos Islands and Norfolk Island. In addition, the AUD has circulation in the states: Kiribati, Nauru and Tuvalu. The issue of the Australian dollar, as well as the regulation of the Australian banking and monetary system is carried out by the Reserve Bank of Australia (RBA).
Swiss franc - (bank code: CHF) is the currency and legal tender of Switzerland and Liechtenstein. Unofficial name "Swissie". Banknotes of francs are issued by the central bank of Switzerland (National Bank of Switzerland), and coins are issued by the Federal Mint.
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