CHF/CAD: what to know
The CHF/CAD rate shows how much CAD you get for 1 CHF. Right now, 1 CHF buys 1.7064 CAD at the mid-market rate. In the other direction, 1 CAD is worth 0.5860 CHF.
In the short term CHF is driven mainly by safe-haven demand and SNB policy, while CAD responds to oil prices and the US economy.
The Swiss Franc (CHF) is issued by Swiss National Bank (SNB). In uncertain times investors park money in the franc to preserve value. 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”.
Over the past 12 months the CHF/CAD rate has ranged between 1.7032 and 1.7779 — a change of -0.64% 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.