GBP/CHF
High: 1.1197
Low: 1.115
The ratio of the number of bought and sold lots based on the trading volume
The data is updated every 10 minutes
The ratio of the number of buy and sell deals, excluding their volume
The data is updated every 10 minutes
The currency pair of Pound Sterling to the Swiss franc is quite popular among traders in the Forex market due to high business activity between the UK and Switzerland. Most of the trades are observed in the European session.
Switzerland is a highly developed country with a strong industrial profile and advanced technologies. The Swiss franc is growing in times of crisis, as in the country in these periods there is a lot of money - investors are looking for shelter for their capitals in the "safe haven".
For 2015, the UK economy in terms of GDP in terms of PPP was tenth. The leading direction of the British economy is the service sector. The UK provides 10% of global exports of services, including banking, brokerage, advisory and programming. The second most important sector of the economy is industry: mining (2.2% of GDP) and manufacturing (14.7% of GDP). The main export of the country is engineering, transport, industrial goods and chemicals. Oil production since the 1970s brought a significant profit in trade and allowed to reduce the import of petroleum products.
Using the current exchange rate chart, you can monitor the dynamics of a currency pair in real time.
The GBP / CHF pair is built on the principle of direct quotation. The base currency is GBP, the British pound, and the quoted currency is CHF, the Swiss franc. The appreciation of the currency pair means the strengthening of the British pound against the Swiss franc, that is, the purchase of one GBP requires more CHF. A decrease in the exchange rate indicates the strengthening of the Swiss franc.
Swiss franc - (bank code: CHF) is the currency and legal tender of Switzerland and Liechtenstein. Banknotes of francs are issued by the central bank of Switzerland (National Bank of Switzerland http://www.snb.ch/en/), while coins are issued by the Federal Mint. Unofficial name "Swissie".
British pound, pound sterling or pound - (currency symbol: £, Bank code: GBP) is a currency that acts as the national currency of the United Kingdom of Great Britain and Northern Ireland (Great Britain), including England, Scotland, Wales and Northern Ireland. Also the pound is a parallel currency of the crown lands of Guernsey, Jersey and the Isle of Man. The pound sterling is a legal tender for the British overseas territories: the Falkland Islands, Gibraltar, St. Helena, Ascension and Tristan da Cunha. The Bank of England has the right of money issue and regulation.
Various cryptocurrency exchanges enable you to purchase GBP/CHF . However, you must create an account, provide identification, and link a payment method such as a bank account or credit card to utilize these exchanges. Alternatively, you can use peer-to-peer marketplaces, which allow you to purchase GBP/CHF directly from other buyers and sellers using different payment methods
Multiple forex trading platforms are widely used. The most prevalent ones are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which have established themselves as the industry norm. Additionally, Ctrader enables you to trade directly with global banks, create trading advisors with ease, and copy trades.
When trading the GBP/CHF, it is essential to keep an eye on the exchange rates, which can be monitored through charts and other analytical tools. As with any currency, the GBP/CHF can be subject to fluctuations in value, making it important for traders to stay informed about the latest market news and trends.