EURCHF 5th MAY 2022
Focused squarely on the developing crisis in Ukraine.
CHF (Swiss Franc) This currency is owned by Switzerland. Investors assess the condition of the Swiss government and their financial system which is very up-to-date and safe, giving the status that Switzerland and its currency can be relied upon in the event of an unexpected event.
Several currencies also have a position as safe-haven currency such as US Dollar (USD), Swiss Franc (CHF), and Japanese Yen (JPY).
CHF (Swiss Franc) This currency is owned by Switzerland. Investors assess the condition of the Swiss government and their financial system which is very up-to-date and safe, giving the status that Switzerland and its currency can be relied upon in the event of an unexpected event.
Several currencies also have a position as safe-haven currency such as US Dollar (USD), Swiss Franc (CHF), and Japanese Yen (JPY).
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