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Swissy

Definition of Swissy

What is Swissy?

A “Swissy” has two meanings in the world of forex. The general term is slang for the Swiss franc (CHF). More commonly, the term “Swissy” refers to the currency pair USD/CHF, which measures the strength of the U.S. dollar to the Swiss franc. It is considered one of the major currency pairs.

How does one use Swissy?

As with any currency pair, the first currency quoted is the “base currency” and is always equal to 1. The second currency is the “quote currency,” or the “counter currency,” and it reflects the value of one unit of the base currency. For example, if the Swissy, which we said is the USD/CHF, is at 1.01652, that means that 1 U.S. dollar is equivalent to 1. 01652 Swiss francs. If the Swissy rises to 1.02000, the USD is stronger, because it can buy more francs than it could before. If the Swissy drops to 1.01225, the franc is stronger. On Fortrade, the up-to-the-minute trading chart of the Swissy can be found here.

Other Terms From - S -

Segregated Account SEK Sell SGD Short Covering Short Squeeze Silver Contract Slippage SNB Spot Spread SSL Sterling Stop Loss (S/L) Stop Out Support Support Level Swap Swissy

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

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