CAD/CHF: what to know
The CAD/CHF rate shows how much CHF you get for 1 CAD. Right now, 1 CAD buys 0.5844 CHF at the mid-market rate. In the other direction, 1 CHF is worth 1.7110 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while CHF responds to safe-haven demand and SNB policy.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. The Swiss Franc (CHF) is issued by Swiss National Bank (SNB). In uncertain times investors park money in the franc to preserve value.
Over the past 12 months the CAD/CHF rate has ranged between 0.5624 and 0.5900 — a change of +2.02% versus a year ago.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.