The currency pair is the Euro to the Swiss franc (EUR / CHF).
The European economy is steadily growing, which is reflected in the euro exchange rate. By 2018, unemployment rates in a number of countries are at a minimum level. The situation in the EU affects all countries in Europe, even those who are not part of the European Union or have not introduced the euro and have retained their national currency. The dynamics of EUR / CHF, the euro and the Swiss franc is paramount for determining for other currencies paired with the Swiss franc.
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. Switzerland hosts the headquarters of a number of global pharmaceutical and chemical corporations. Its contribution to GDP is made by manufacturers of luxury goods, including watches.
Switzerland is not part of the European Union, but has a number of treaties with the EU countries, partially participates in the union economy and follows certain European directives.
The EUR / CHF currency pair is built on the principle of direct quotation. The base currency is EUR, euro, and quoted - CHF, Swiss franc. The growth of the currency pair means strengthening the euro against the Swiss franc, that is, to buy one EUR, more CHF is required. A decrease in the rate indicates a strengthening of CHF. Using the current exchange rate chart, you can monitor the volatility of the currency pair in real time.
Euro (currency sign - €, bank code: EUR) - official currency of 19 eurozone countries (Austria, Belgium, Germany, Greece, Ireland, Spain, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia , Finland, France, Estonia). Also, the currency is used in nine countries that are not members of the euro area. The Euro is managed by the European System of Central Banks (ESCB), led by the European Central Bank (ECB).
The Swiss franc (bank code CHF) is the official currency of the Swiss Confederation and the Principality of Liechtenstein. Traders usually call it "Swissy", by the way in Europe it is the only remaining franc. In Switzerland, there are four official languages, which affected the writing of the currency name on banknotes: Franken (in German), franc (in French and Romansh), franco (in Italian). The issuer of the currency is the Swiss National Bank (Schweizerische Nationalbank, Banque Nationale Suisse, Banca Naziunala Svizra, Banca Nazionale Svizzera), it also conducts monetary and exchange policies that serve the interests of the country.
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