Friday, April 19, 2024

Swissy

Swissy” is a colloquial term used in Forex trading to refer to the Swiss Franc (CHF), the official currency of Switzerland and Liechtenstein.

The term is derived from “Switzerland” as the currency is issued by the Swiss National Bank.

The Swiss Franc is known for its role as a safe-haven currency, meaning that investors and traders often purchase the Swiss Franc during times of economic uncertainty or instability because the Swiss economy is considered stable and safe.

This is similar to how traders turn to gold or U.S. Treasuries during challenging economic times.

If you want to learn more foreign exchange trading knowledge, please click: Trading Education.

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