This quote represents the Canadian dollar against the Swiss franc. In this quotation, the value of one CAD (the 'base currency') is quoted according to CHF, the 'counterpart currency' (or quoted currency). The Canadian dollar is often considered a commodity currency due to the consequent export of natural resources, particularly oil. In concrete terms, this makes the currency sensitive to fluctuations in trends in investors' forecasts for global economic growth. For its part, Switzerland has a very strong reputation as a refuge for foreigners wishing to shelter their wealth in a private banking system. A true embodiment of the relationship between a currency based on growth and high returns, and a safe haven currency with lower returns, the CAD / CHF pair represents an attractive vehicle for carry trade operations.


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