AUDCHF definition

AUD/CHF pairs the Australian dollar with the Swiss franc, showing how many francs one Australian dollar will buy. It is widely treated as a risk barometer because it lines up a growth-sensitive, commodity-backed currency against a defensive safe haven, and it is a thinner cross with wider spreads than the dollar majors. No common nickname attaches to it.

The Australian dollar is the base currency and the franc the quote currency, so a quote of 0.5800 means one Australian dollar buys 0.5800 francs. A higher price reflects the Australian dollar gaining on the franc, a lower price the franc gaining. You trade AUD/CHF as a forex CFD, taking a view on the price rather than buying francs outright: go long if you expect the Australian dollar to rise, short if you expect it to fall. Pips are measured at the fourth decimal place, and your profit or loss is the pips moved multiplied by your position size.

What moves AUD/CHF most is the swing between risk-on and risk-off conditions. When markets are confident, money tends to favour the higher-yielding, commodity-linked Australian dollar and the pair rises; when fear takes over, the franc's safe-haven appeal pulls it down. Australian data and Chinese demand feed the upside, while the Swiss National Bank's wariness of an over-strong franc sits in the background.