Asset

Swiss franc / Brazilian real

CHFBRL
forex
$5.58
stockPerformance $0.067 (1.21%)
Updated: 18 Jan, 3:08 pm UTC
No Trading Data Available
Description
The Swiss Franc is a major reserve currency and one of the most important currencies in international finance. It is seen as a safe haven currency and is often used by investors and central banks when there is economic uncertainty or political instability in other countries. The Swiss Franc tends to appreciate during times of global financial stress and is used to protect against currency devaluation or inflation. It is also used as a store of value in global financial markets. The currency is also popular with foreign investors due to the country's low inflation rate, stable political environment and reputation for financial security. The Swiss Franc plays an important role in financial markets, providing investors with a safe haven and a way of hedging against currency risk.