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<% 1 %> CHF = <% 1 * currencies.converter.rate |toFixed: 4 %> ZAR
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<% 1 %> ZAR = <% 1 / currencies.converter.rate |toFixed: 4 %> CHF
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CHF to ZAR conversion rates
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CHF to ZAR charts
CHF/ZAR Live Chart
CHF/ZAR Historical Chart
What impacts the CHF/ZAR exchange rate
The CHF/ZAR symbol represents the pairing of the Swiss Franc against the South African rand in the forex market - an interesting pair offering ample levels of volatility and opportunities to generate profits, if traded carefully. The CHF is one of the leading safe haven currencies that traders turn to in times of heightened economic and geopolitical uncertainty in global financial markets. On the other hand, the South African rand is considered both as an emerging market currency as well as a commodity currency. The ZAR gets its commodity currency status as South Africa is a key exporter of gold, platinum, diamonds as well as iron ore. Any fluctuations in the prices of these commodities affects the value of the ZAR and drives volatility in the exchange rate of the CHF/ZAR. In addition, important geopolitical developments and economic updates from around the world, especially the US economy, tend to impact the value of the CHF. The market sentiment also plays an important role in influencing the CHF/ZAR. When markets trade with a risk-off sentiment, the CHF strengthens, turning the CHF/ZAR currency pair bullish. On the other hand, a risk-on sentiment weakens the CHF and strengthens commodity currencies like the ZAR, turning this pair bearish.
CHF to ZAR exchange rate - FAQ
What economic events affect the exchange rate of the CHF/ZAR currency pair?

CHF/ZAR sees significant price action on the release of important economic data from Switzerland and South Africa, including GDP, inflation, trade balance, employment, business sentiment, retail sales, as well as PMI readings of the manufacturing and services sectors.

How do central bank decisions impact the value of CHF/ZAR?

The CHF/ZAR currency pair also gets affected by changes to the monetary policy and interest rates by the Swiss National Bank (SNB) and the South African Reserve Bank (SARB). For instance, whenever the SARB hikes interest rates or adopts a more hawkish approach towards its monetary policy, the ZAR strengthens, turning this forex pair bearish, and vice versa.

What was the lowest value of CHF/ZAR this year?

The CHF/ZAR fell to a low of 14.3470 on 2 January 2020. This was the weakest level this currency pair touched so far this year.