CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.



What is Swissy?

A “Swissy” has two meanings in the world of forex. The general term is slang for the Swiss franc (CHF). More commonly, the term “Swissy” refers to the currency pair USD/CHF, which measures the strength of the U.S. dollar to the Swiss franc. It is considered one of the major currency pairs.

How does one use Swissy?

As with any currency pair, the first currency quoted is the “base currency” and is always equal to 1. The second currency is the “quote currency,” or the “counter currency,” and it reflects the value of one unit of the base currency. For example, if the Swissy, which we said is the USD/CHF, is at 1.01652, that means that 1 U.S. dollar is equivalent to 1. 01652 Swiss francs. If the Swissy rises to 1.02000, the USD is stronger, because it can buy more francs than it could before. If the Swissy drops to 1.01225, the franc is stronger. On Fortrade, the up-to-the-minute trading chart of the Swissy can be found here.

Links related to Swissy
Base and Quote currencies
Currency pair
Major Currency Pairs (Majors)
Take Profit

- S -