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|Product Type: Currencies||Market: Global|
|Trading Hours: 24 hours, Mon-Fri.|
United States dollar to Swiss franc (USD/CHF) is one of the most popular currency pairs in the foreign exchange market. The parity indicates how much of the Swiss franc is needed to buy one US dollar. For almost a century, the USD has been the sole dominant and de facto global currency. Most commodities including gold, silver and oil are priced in USD. Similarly, the Swiss franc (also called Swissie or Swissy) is an important currency, as it is the official currency of Switzerland, Lichtenstein, and Campione d'Italia (a small enclave in the south of Italy). Both Switzerland and the United States have advanced and powerful economies, ranking year-over-year among the top 10 worldwide. One of the main factors influencing the USD/CHF’s exchange rate and volume of trading is the difference in the interest and inflation rates of the US Federal Reserve and the Swiss National Bank (SNB), both of which are known for being conservative and risk-aversive.