AUD/CHF (Aussie Franc): How the Pair Works

• AUD
• CHF

What AUD/CHF is

AUD/CHF prices the Australian dollar (AUD) in Swiss francs (CHF). Traders often call it the "aussie franc". AUD is the base currency and CHF is the quote currency. The price tells you how many francs one Australian dollar costs.

If the quote rises, AUD is strengthening against CHF. If it falls, CHF is strengthening against AUD. Neither side is the US dollar, so AUD/CHF is a cross pair. To learn how crosses differ from majors and exotics, see majors, minors, exotics.

Reading the quote

A broker shows two prices:

• Bid: the price at which you can sell AUD/CHF.
• Ask: the price at which you can buy it.
• Spread: the gap between ask and bid. It is a trading cost you pay when you open a position.

Pip size and pip value

A pip is the standard unit for price changes in forex. In MetaTrader, the last digit of an AUD/CHF quote is a fraction of a pip, called a pipette. The pip is the digit just before it.

Pip value is how much one pip is worth for your position size. For AUD/CHF it is first calculated in CHF, the quote currency. It is then converted into your account currency at the current rate. Because of this conversion, the pip value in USD or PKR changes as exchange rates move, even if your lot size stays the same.

Use the calculator below to find the value of one pip for any lot size, in CHF and in your account currency.

What moves the Australian dollar

• RBA policy. The Reserve Bank of Australia sets Australian interest rates. Rate decisions, statements and changes in how markets expect rates to move all affect AUD.
• China demand. China is a major buyer of Australian exports. Chinese data on growth, industry and construction often moves AUD.
• Iron ore and metals. Australia exports large amounts of iron ore and other raw materials. Changes in commodity prices feed into the currency.
• Global risk appetite. AUD usually strengthens when investors are willing to take risk and weakens when they become cautious.

What moves the Swiss franc

• SNB policy and FX interventions. The Swiss National Bank sets Swiss rates. It has also bought or sold currency in the market to influence the franc. Comments about intervention can move CHF sharply.
• Safe-haven flows. In periods of stress, money often moves into CHF.
• Euro-area spillovers. Switzerland trades heavily with the euro area. News from the European Central Bank and euro-area data often affects the franc.

Why the combination matters

AUD tends to gain when markets are calm, and CHF tends to gain when they are stressed. That makes AUD/CHF sensitive to swings in global sentiment. A single risk-off headline can move both currencies against each other at the same time. For how this pair relates to others, see pair correlations and the AUD/USD and USD/CHF pages. Background on reading data is in fundamental analysis.

Liquidity by session and spread behaviour

• Asian session (Sydney and Tokyo). This is when Australian data comes out and AUD is active. CHF liquidity is thinner, so spreads can be wider than at peak hours.
• European session (London). Swiss and euro-area markets are open, and liquidity on both sides improves. Spreads are usually tighter.
• New York session. Liquidity usually fades in the later hours.
• Daily rollover and weekends. Spreads often widen around the end of the trading day and at the weekly open.

Spreads also widen around high-impact news. At Exness, orders opened from 15 minutes before to 90 seconds after high-impact news can fall under higher margin requirements (HMR). For forex, the HMR leverage is 1:200 (0.5%). Check the economic calendar before you hold positions through releases.

AUD/CHF at Exness: what to check

Exness has not published a specification for AUD/CHF that we can cite here. The following conditions apply at account level:

• Minimum lot: 0.01 lot
• Maximum lot: 200 lots (7:00–20:59 GMT+0), 60 lots (21:00–6:59 GMT+0)
• Maximum number of positions: unlimited

The "from" spreads are account minimums, not the spread on AUD/CHF. Before you trade, check these in the platform specification:

• the current spread
• contract size
• swap rates
• trading hours
• maximum leverage for AUD/CHF

Clients registered from Pakistan are on the Exness list for automatic swap-free status. Swap-free status depends on your trading activity, so check your own status in the Personal Area. See swap fees for details.

Use the calculator below to see the margin needed to open an AUD/CHF position at a chosen leverage.

Risk and legal position in Pakistan

Leveraged forex and CFD trading can lose money fast. A move against you can close your positions at a loss before you can react. See risk management.

Pakistani residents should also know the official position. Per the SBP, the purchase of offshore forex/margin/CFD products by Pakistani residents violates section 4(1) of FERA 1947. In addition, per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)). Read law and regulators before you decide anything.

Frequent questions

Why is AUD/CHF called the aussie franc?

"Aussie" is market slang for the Australian dollar. "Franc" refers to the Swiss franc.

In which currency is AUD/CHF pip value calculated?

It is calculated in CHF first, then converted into your account currency. The pip calculator does both steps.

Does this page give AUD/CHF analysis or trade ideas?

No. It explains what tends to move the pair. It gives no forecasts, price levels or buy and sell ideas.

When is AUD/CHF most liquid?

Liquidity is usually best during the European session, when Swiss and euro-area markets are open. It is often thinner late in the day and around rollover.

Where do I find the exact AUD/CHF specification at Exness?

Check the symbol specification in MetaTrader or the Exness terminal, or check the current conditions in your Personal Area.