The trading duo is between the New Zealand Dollar and the Swiss Franc. Even though these two countries (New Zealand and Switzerland) are thousands of miles away, they have strong commercial relations.

What is NZDCHF?

The two economies keep on developing in their own region. However, the NZDCHF index is different and depicts the current balance of trade deficits between the two countries. Everyone eager to learn more how to invest in NZDCHF about should understand that it has a regular price that works around the clock all day. After all, when it's morning in New Zealand, people in Switzerland still sleep, and that's something you need to notice before investing. The time difference is one element, and the other is the need for Swiss Francs that could change abruptly throughout the day. It's common to see the Swiss Franc following a tighter fiscal policy than the New Zealand Dollar, which will reflect directly on the index price.

How does the NZDCHF work?

The NZDCHF works constantly 24/5, with potential price fluctuations happening every 15 seconds. Investors can try several different strategies and conduct fundamental and technical analyses. Nevertheless, even the most careful approach may result in losses, which every investor should remember. This currency pair is marked by relatively high volatility, so investors who want to know how to trade NZDCHF can start with a demo account available on the SimpleFX platform.

NZDCHF price history

Here is the latest 5-year history for the NZDCHF index:

2018

Following the global growth wave 2018, the index price was close to 0.66 Swiss Francs for 1 ND Dollar. That was one of the highest prices for the NZ Dollar and was celebrated by investors.

2019

This year was stabilizing, and you could check the average index rate being close to 0.64 Swiss Francs for 1 NZ Dollar. Things remained the same in the Swiss economy, and it was a year with no new improvements in the financial relations between the two countries.

2020

Following the global recession issues in 2020, the index price went close to 0.61 Swiss Francs for 1 NZ Dollar. That happened due to the stop of producing goods in New Zealand for the year's first half. Later, we saw the index price getting closer to its normal levels at 0.66 Swiss Francs per 1 NZ Dollar and remained there until the end of the year.

2021

When discussing 2021, we need to mention the great overprinting of the Swiss Central Bank to avoid bankruptcy in Switzerland. The index price plummeted to 0.61 Swiss Francs per 1 NZ Dollar, the lowest for years. It was a great time for short sellers and investors with a brief outlook.

2022

Things went much better for the Swiss economy in 2022, and the index increased to 0.58 Swiss Francs for 1 NZ Dollar. New Zealand's economy had some issues, which were depicted on the price index for most of the year.

Current NZDCHF price

The current NZDCHF price is subject to fluctuation due to the volatility of the forex market. Investors can check it on the chart or the SimpleFX Webtrader platform.

Is NZDCHF a good investment?

Whether NZDCHF is a good investment depends on factors such as interest rates, monetary policies, geopolitical events, etc. The answer depends on analyzing these factors and the potential returns on investment. If the factors are also stable and there are more chances of return, this currency pair brings more interest from investors worldwide.

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