AUDCHF is a cross-currency pair composed of the Australian dollar (AUD) and the Swiss Franc (CHF). CHF stands for "Confoederatio Helvetica Franc," Switzerland's official name in Latin. AUDCHF indicates how many Australian dollars are required to buy one Swiss Franc. The Franc is popular with investors in economic uncertainty because it is a safe-haven instrument.

What is AUDCHF?

The AUDCHF is a combination of two currencies where AUD is the Australian dollar, and CHF is the Swiss Franc, the currency of Switzerland. In the AUDCHF currency pair, AUD is a base currency, and CHF is its counter currency. It tracks the price of AUD against the counter currency CHF. Commodity prices often influence the currency pair. As Australia is a chief exporter of energy resources, gold, and iron ore, a rise in the price of these commodities causes the AUD demand to increase, leading to the appreciation of the currency pair.

Conversely, when the prices of the commodities fall, the AUD demand decreases, leading to the depreciation of the currency pair. However, the CHF is not typically influenced by the change in commodity prices because Switzerland is not a significant commodity exported. Moreover, the Swiss Franc is often seen as a safe currency during global economic uncertainty. The Swiss National Bank (SNB) keeps intervening in the currency market to maintain a stable exchange rate.

The AUDCHF is a minor currency pair, unlike AUDCAD and many others. Several factors, including inflation, interest rate, GDP growth, political events, and global market trends, influence the AUDCHF exchange rate. Traders eager to learn how to invest in AUDCHF should pay attention to these aspects.

The drivers that increase or decrease their value are different. Moreover, the difference in the interest rates between two countries is known as interest rate differentials and significantly impacts exchange rates. The interest rate between Australia and Switzerland allows investors to earn through carry trade, burrowing funds in CHF, and investing in AUD. Before knowing how to trade AUDCHF, investors must know the potential risks and losses.

How does AUDCHF work?

The AUDCHF is a forex currency pair that is not only influenced by the economic indicators and the monetary policy announcements of both the Reserve Bank of Australia and the Swiss National Bank. Traders use various forex trading platforms, including SimpleFX, for trading the currency pair. Our platform provides traders access to real-time price quotes, charting tools, technical analysis indicators, and other features.

AUDCHF price history

The AUDCHF price is never constant as various factors always influence it. Investors should look at how it has performed in the past years.

2018
The year started with the AUDCHF exchange rate value of 0.7598 and ended at 0.6937. The best exchange rate was observed on 22nd January 2018 at 0.7704 CHF, and the worst value of the year was 0.689. Still, the year's average exchange rate was 0.731 CHF.

2019
On 1st January 2019, the exchange rate value was 0.6921, which saw many ups and downs the whole year—the year ended with a value of 0.6787 CHF. The best exchange rate value was 0.7261 CHF on 20th April 2019, and the worst, 0.6508, was observed on 25th August. The average was 9.691 CHF.

2020
The year started with an exchange rate value of 0.6791 CHF and ended at 0.6917, the best exchange rate value of the year. The worst value recorded was 0.5618 CHF on 18th March, and the year's average was 0.6472 CHF.

2021
The year 2021 started with an exchange rate value of 0.6847 CHF and ended at 0.6627. The best and the worst exchange rates were 0.7233 and 0.6422, respectively. Also, the year's average exchange rate was 0.6866 CHF.

2022
The year 2022 started with an exchange rate of 0.6623 CHF and ended at 0.6291 CHF with an average of 0.6629. The best and worst exchange rates were 0.7036 CHF and 0.6197 CHF.

Is AUDCHF a good investment?

In the past, the AUDCHF exchange rate has shown a bearish trend due to the economic conditions of Australia. However, investors must know the potential risks and losses, so there is no certainty that AUDCHF is a good investment. Traders eager to learn how to invest in forex must keep tabs on financial news on the SimpleFX platform.

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