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The AUD/CHF currency pair connects Australia and Switzerland. The combination is volatile and high-risk, meaning that few investors incorporate it into their portfolios. For the experienced trader, however, its erratic nature means that it can deliver profits as impressive as its losses.
The average volatility is 70-100 points per day.
Keep in mind that Australia is rich in resources and territory. It's the state that has created a powerful developed commodity-oriented economy over the past decade: even though the industry has already given way to the leading place in the services and trade sectors, it still plays a crucial role for Australia, and AUD is still considered a commodity currency.
In contrast, Switzerland is a small neutral state in western Europe, surrounded on all sides by the European Union. Despite its small size, the country has one of the most stable economies in the world. Switzerland is also difficult to blame for underdevelopment. The high-tech industry, world-renowned for its reliability, banks, and efficient agriculture are all the main foundations of the CHF movements.
If you are interested in trading the AUD/CHF currency pair, contact FxPro today and open account in several minutes.
client accounts
FxPro has been providing online trading services to clients since 1999 and it currently serves 173 countries worldwide.
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