Swiss Franc
a.k.a. CHF, Swissy, Franc
Switzerland's currency, nicknamed the Swissy, and one of the world's classic safe havens.
In plain English
Switzerland's currency, nicknamed the Swissy, and one of the world's classic safe havens.
The Swiss franc (CHF) is nicknamed the Swissy. Switzerland's political neutrality, stable institutions, strong finances and large foreign assets make the franc a classic safe haven: in a crisis, money pours in. USD/CHF is one of the major pairs.
All that demand can push the franc uncomfortably high for Swiss exporters, so the Swiss National Bank has a long history of fighting its strength, from negative rates to massive currency intervention.
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