EUR/CHF is the symbol denoting the value of the Euro against the Swiss Franc. This is an interesting forex pair to trade, especially for newbie traders, as it sees far less volatility than some of the other majors. Pitting the EUR - the second most popular currency in the forex market, against the CHF - which is considered a safe haven currency and features among the top ten leading currencies, this currency pair sees significant movement especially in times of heightened uncertainty in global markets.In addition, the exchange rate of EUR/CHF is heavily influenced by the release of key economic data out of the Eurozone as well as Switzerland, including GDP, business sentiment, trade balance, inflation and employment reports. The Euro and the Swiss Franc also get affected by monetary policy and interest rate decisions by the central banks - the European Central Bank (ECB) and the Swiss National Bank (SNB).Due to geographical proximity, Switzerland has deep political and economic ties with member nations of the European Union (EU). As a result, the EU and Swiss economies are closely connected, which means that any economic event that drives movement in the EUR will drive significant movement in the CHF, turning the EUR/CHF volatile.