Course AUD(Australian Dollar)-CHF(Swiss Franc) for today

Australian Dollar

Importance of the Australian Dollar The central bank in Australia is called the Reserve Bank of Australia. As the 5th most traded currency in the world, the Australian dollar is also referred to as buck, dough, or the Aussie. The Australian Dollar is known as a commodity currency due to its substantial raw material exports. As a result, the AUD is affected by China and other Asian import markets. Due to its relatively high interest rates, the Australian Dollar is often used in carry trades with the Japanese Yen. A carry trade is a strategy in which a currency with low interest rate is sold in order to buy a currency with a higher interest rate.

• Central bank: The Reserve Bank of Australia
• The Australian dollar (also called the Aussie) is a “commodity currency” because the country exports abundant natural resources, including coal, iron ore, copper, gold, natural gas, uranium, and renewable energy.
• Australia has strong trade ties with China, and the growing Chinese economy has driven its economy.
• Australia is trying to diversify its export markets beyond China to other Pacific nations.

Swiss Franc

Importance of the Swiss Franc The Swiss Franc has a reputation for being a safe haven or hard currency; it is often purchased during financial uncertainty due to its reliability and stability. Regularly used as a global reserve currency, the Swiss Franc is the sixth most traded currency in the world. All CHF banknotes feature the four national languages of Switzerland: Germany, Romansh, French, and Italian.

• Central bank: The Swiss National Bank
• The Swiss Franc (also called Swissie or Swissy) is the currency of Switzerland, Lichtenstein, and the Italian municipality of Campione d'Italia (a small enclave in the south).
• Switzerland's per capita GDP is among the highest in the world. The country’s economy benefits from a highly developed service sector, led by financial services, and a sophisticated high-tech manufacturing industry.
• Most Swiss economic practices conform to those of the surrounding European Union.