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.
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.