Asset

Swiss franc / Uzbekistan som

CHFUZS
forex
$12,355.73
stockPerformance $125.15 (1.02%)
Updated: 18 Jan, 3:11 pm UTC
No Trading Data Available
Description
The Swiss Franc is a major global currency and is considered a safe-haven asset due to its stability. It is often used as a hedge against economic and political uncertainty and market volatility. As a result, investors often use the Swiss Franc to diversify their portfolios and protect their investments from potential losses. The Swiss Franc is also used as a reserve currency by central banks, making it a key component of the global financial system. In addition, the Swiss Franc is often used as a proxy for other major currencies, such as the US dollar, euro and Japanese yen, to gain exposure to their movements in the financial markets.