The GBPCHF currency pair represents the exchange rate between the British Pound GBP and the Swiss Franc CHF. It’s a forex pair that provides insights into the relative strengths of the UK and Swiss economies.
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Annual change
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All time High / Low
0.56255 / 1.55719
Buy
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Sell
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Daily price range:
Low
1.11727
High
1.12035
GBPCHF Contract Specifications
Minimum Spreads, points: 0
Contract Size per Lot: 100000
Swap type: Points
Swap Long: 4.43
Swap Short: -27.03
Margin Group: FX Majors
Margin Currency: GBP
Tick size: 0
Trading Platform: MetaTrader 4
Minimum Volume: 0.01
Maximum Volume: 0
Trading Schedule EET: 00:00 - 23:59 Mon - Fri
Hedged Margin: 1
Days Swap: FX Wednesday, metals-indices-oil friday
History of GBPCHF
The history of the GBPCHF currency pair reflects the economic and financial interactions between the United Kingdom and Switzerland. Over time, this pair has witnessed fluctuations influenced by various factors, including changes in economic policies, interest rates, geopolitical events, and global market sentiment. The United Kingdom is known for its financial sector, while Switzerland is renowned for its stability and banking prowess. These distinctions contribute to the dynamics of the GBPCHF exchange rate. Traders and investors closely monitor this pair for insights into the relative strength of the British Pound and the Swiss Franc, making it a relevant component of the forex market.
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GBPCHF is a forex currency pair that represents the exchange rate between the British Pound GBP and the Swiss Franc CHF. In this pair, GBP is the base currency, and CHF is the quote currency. It tells you how much one British Pound is worth in Swiss Francs. Traders and investors use GBPCHF to assess the relative strength of these two currencies and make informed decisions in the forex market based on economic, political, and global market factors impacting the United Kingdom and Switzerland.
To trade the GBPCHF currency pair, you need to open a trading account, complete any necessary identity verification, and deposit funds into your account. Next, use the broker’s trading platform to analyze the GBPCHF pair using technical and fundamental analysis. This involves studying price charts, economic indicators, news releases, and geopolitical events that can affect the exchange rate. Based on your analysis, execute buy (long) or sell (short) orders through the trading platform. Be sure to implement risk management strategies by setting stop-loss and take-profit orders to protect your capital. Monitor your positions and the market closely, and adapt your trading strategies as needed to enhance your success in trading GBPCHF.
Popular trading strategies for the GBPCHF pair include trend following, range trading, breakout trading, and carry trade strategies. Trend-following strategies involve trading in the direction of the prevailing trend, whether it’s upward or downward. Range trading focuses on profiting from price oscillations within a defined range, buying near support levels and selling near resistance levels. Breakout trading aims to capitalize on price movements when the exchange rate breaks significant support or resistance levels. Carry trade strategies involve borrowing in a currency with a low-interest rate (like the Swiss Franc) and investing in a currency with a higher interest rate (like the British Pound), earning profits from the interest rate differential. Traders often choose strategies that align with their trading style and risk tolerance.
When trading the GBPCHF pair, consider factors such as economic indicators from the United Kingdom and Switzerland, central bank policies, geopolitical events, commodity prices, and broader market sentiment. Economic data like GDP, employment figures, inflation rates, and manufacturing data in both countries can significantly impact the exchange rate. Monitor the monetary policies of the Bank of England and the Swiss National Bank, as interest rate decisions and statements can influence trader sentiment. Be aware of geopolitical developments and overall market sentiment, as these factors can also play a role in GBPCHF’s price movements. Staying informed and conducting thorough analysis is essential for successful trading in this currency pair.
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