The combination of the Swiss Central Bank's zero inflation with Switzerland’s political independence made the Swiss Franc one of the most powerful and stable currencies across the globe. The most distinct example where the CHF was considered a safe haven was during the political and economical crisis that occurred across Europe in 2008. Moreover, CHF attracts more and more foreign investments since Switzerland has strong financial structures leading to economic stability as well as a very transparent reporting system giving confidence and trust to potential investors.
The Swiss local currency known as the franc was first introduced in 1798 by the Helvetic Republic and it was circulated until 1803. It was used in day trading together with various foreign coins and banknotes. In 1848, the Swiss Federal Constitution declared that the government of Switzerland will be the only official power that will issue the country’s currency. Thus, in 1850 the Swiss Franc (CHF) was announced as the monetary unit of the country by the Federal Coinage Act. In 1865 Switzerland entered the Latin Monetary Union and endorsed the gold standard until 2000. Meanwhile, in 1945 the CHF was pegged to the USD.
Freq Used: 20, 50, 100, 200, 500 francs Rarely Used: 10, 1,000 francs
Copyright © 2023 – All rights reserved.
NAGA is a trademark of The NAGA Group AG, a German based FinTech company publicly listed on the Frankfurt Stock Exchange | WKN: A161NR | ISIN: DE000A161NR7.
Any trademarks appearing on this website are the property of their respective owners.
The NAGA Group AG is the holding company of various companies, such as NAGA GLOBAL LLC, NAGA MARKETS EUROPE LTD, NAGA Technology GmbH, NAGA Pay GmbH and has a close link with NAGAX Europe OÜ.
RISK WARNING: Derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading derivatives with this provider. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money.
Trading with NAGA Trader by following and/or copying or replicating the trades of other traders involves high levels of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Before making an investment decision, you should rely on your own assessment of the person making the trading decisions and the terms of all the legal documentation.
Restricted countries: NAGA Group AG does not provide services for the residents of certain countries, such as Afghanistan, Albania, American Samoa, Anguilla, Australia, Barbados, Belgium, Bermuda, British Antarctic Territory, British Indian Ocean Territory, British Virgin Islands, Burkina Faso, Cambodia, Canada (including Quebec), Cayman Islands, Central African Republic, Congo, Democratic People's Republic of Korea, Democratic Republic of the Congo, Falkland Islands, Gibraltar, Guam, Haiti, Iran, Iraq, Isle of Man, Israel, Japan, Jamaica, Jordan, Libyan Arab Jamahiriya, Mali, Monaco, Montserrat, Morocco, Mozambique, Myanmar, Nicaragua, Philippines, Pitcairn Island, Puerto Rico, Russian Federation, San Marino, Senegal, Serbia, Somalia, South Georgia and the South Islands, South Sudan, Sri Lanka, St. Helena, St. Helena dependencies (Ascension Island, Tristan da Cunha), Syrian Arab Republic, Tanzania, Trinidad and Tobago, Tunisia, Turkey, Turks and Caicos Islands, Uganda, Ukraine, United Kingdom, US Minor Islands, US Virgin Islands, USA, Vanuatu, Yemen, Zimbabwe.