The CHFJPY currency pair refers to the Swiss franc (CHF) price against the Japanese yen (JPY) according to global market rates. It shows how much Japanese yen is required to buy one Swiss franc. The CHF and JPY are regarded as safe-haven currencies, and that's the reason why this pair brings investors' interest.

What is CHF/JPY?

The CHF/JPY is a currency cross between Switzerland's currency, i.e., the Swiss Franc (CHF) and Japanese Yen (JPY). It represents the number of yen required to get one CHF. For instance, if the CHFJPY exchange rate is 110.68, it shows that 110.68 JPY is needed to buy one CHF. In simpler words, one CHF equals 110.68 JPY. Also, for several reasons, CHFJPY is considered a safe haven for investors. Both the underlying countries have relatively stable political environments, and their market economies are well-established.

Moreover, the JPY and the CHF have historically had low inflation rates compared to other major currencies, which means that the purchasing power of these currencies has been relatively stable over time. Additionally, both countries have solid financial sectors. For instance, Japan has one of the largest foreign currency reserves in the world, and Switzerland is home to many of the world's largest banks.

The CHFJPY currency pair has a negative correlation with the AUDJPY (Australian Dollar vs. Japanese Yen), EURJPY (Euro vs. Japanese Yen), and GBPJPY (Great Britain Pound vs. Japanese Yen) pairs. Traders should pay attention to that if they want to know how to invest in CHFJPY.

How does CHFJPY work?

The CHFJPY currency pair works through trading on the SimpleFX platform. It includes solutions for experienced traders, such as historical charts and candlesticks, and a demo account dedicated to those just about to start their investing adventure.

Several factors have a significant impact on the value of the currency pair. Investors eager to learn how to trade CHFJPY must be aware of them. Interest rate differential is the difference in interest rates between Switzerland and Japan. In the case of CHFJPY, if the interest rate in Switzerland is higher than in Japan, investors will hold CHF more, resulting in increased demand. Also, the Swiss National Bank and the Bank of Japan significantly affect the value of CHFJPY through their monetary policies, such as the decision on interest rates and foreign exchange interventions. For some, it might be surprising, but investors consider seasonal factors, too, when trading the CHFJPY pair. For example, in winter, the Swiss tourism industry is busiest, which leads to increased demand for CHF. On the other hand, the Japanese tourism industry is most active in the summer months, leading to increased demand for JPY, which causes fluctuations in the exchange rate value of the pair.

CHFJPY price history

Investors must know about the pricing history of the currency pair as it gives them an idea about the pair's performance. That's why the CHFJPY's last couple of years performance is highlighted below:

2018
On 1st January 2018, the CHFJPY exchange rate value was 115.7204 JPY; on 31st December 2018, it dropped to 111.2632 JPY. The year's best and worst values were 118.2497 and 108.8031 JYP. Also, the average exchange rate of the year was 112.8699 JPY.

2019
The year started with an exchange rate of 111.6611 and ended at 112.3357 JPY. The worst exchange rate value was 107.0599 on 3rd October 2019. Also, the highest exchange rate of 112.4015 was recorded on 29th December 2019, and the average rate for the year was 109.7166 JPY.

2020
The year started at the exchange rate 112.3422 and ended at 114.9152 JPY. The best and worst rates were 117.6001 and 108.7353 JPY, and the average exchange rate value was 113. 7939 JPY.

2021
On Friday, 1st January 2021, the CHFJPY exchange rate was 115.9931; on 31st December 2021, it reached 126.2532 JPY. The year's average, best, and worst exchange rate values were 120.1399, 126.2531, and 115.9902 JPY.

2022
2022 started with an exchange rate of 126.2531 and ended at 141.8176 JPY. The best and worst values were 159.616 and 123.7588 JPY, respectively. Also, the average exchange rate of the year was 137.5481 JPY.

Current CHFJPY price

The current CHFJPY price rate can be checked on the chart above and on the SimpleFX Webtrader platform.

Is CHFJPY a good investment?

It must be noted that the exchange rate changes depending on different factors. Therefore, investors must conduct thorough research before investing in the currency pair.

Traders tend to hedge against fluctuations in other global currencies by trading the CHFJPY in times of increasing market instability. The pair's line charts historically create clear market structures and patterns.

However, before investors start trading CHFJPY, it is worth researching news on the SimpleFX platform and familiarizing yourself with the risks of investing in forex. These are assets that can cause investors to lose funds.

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