This shows how many Swiss Francs (CHF) are necessary to buy the USD. The CHF has been considered safe currency for many years and because of this, it is one of the most important reserve currencies in the world.
Investors often relocate their investments to Switzerland when the financial market situation is uncertain. The currency was backed by 40% of gold until 2000, which is why it is considered so highly as a safe currency.
The American Dollar is first in the percentage share of turnover on the foreign exchange market. The Swiss Franc has the seventh share on the total turnover and the currency pair represents 5% of total worldwide trading volume.Trade CHF=