CHF/CAD
The CHF/CAD pair tells the trader how many Canadian Dollar (the quote currency) are needed to purchase one Franc Swiss (the base currency). These two economies are quite intensely linked because Canada is an important producer of gold while Switzerland is a great importer of that commodity - a quart part of the commodities imported by Switzerland is gold and there is a solid tradition of gold refineries in the country. The Swiss Franc is considered to be a “safe-haven” currency: it is expected to increase its value against other currencies in times of volatility.