top of page


The NZD/CHF pair presents a fascinating mix of a commodity currency, the New Zealand dollar, and a safe-haven currency, the Swiss franc. This cross offers insights into how global economic events and changes in commodity markets can impact smaller but open economies like New Zealand against the backdrop of Switzerland's economic and financial stability. Trading NZD/CHF requires an understanding of the factors affecting the prices of New Zealand's exports, such as dairy products, and how the demand for safe havens influences the Swiss franc during periods of political and economic uncertainty.

This pair may be less predictable than others but offers opportunities for traders who grasp the nuances of each economy and can accurately interpret economic indicators and technical signals. The key lies in identifying moments when fundamental factors alter the typical correlation between these two currencies.

Top 10 Factors Affecting the New Zealand Dollar - Swiss Franc Pair

  1. Monetary Policy: The Reserve Bank of New Zealand's (RBNZ) and the Swiss National Bank's (SNB) decisions regarding interest rates and other monetary policies are pivotal for this pair's movement. Differences in policies can significantly influence the direction of NZD/CHF.

  2. Global Risk Aversion: The CHF is known as a safe-haven currency during times of economic or political global uncertainty. The NZD, on the other hand, tends to be more sensitive to global growth prospects, given New Zealand's commodity-based economy.

  3. Commodity Prices: New Zealand is a large exporter of agricultural and dairy products. Changes in global prices for these commodities can affect the NZD's value and, consequently, influence NZD/CHF.

  4. Economic Performance: Key economic indicators, such as GDP, inflation, and unemployment in New Zealand and Switzerland, provide insights into each country's economic health and can influence the value of their currencies.

  5. Interest Rate Differentials: The difference in interest rates between New Zealand and Switzerland affects capital flow and can influence the relative demand for NZD and CHF.

  6. Trade Balance: Differences in the trade balance of New Zealand and Switzerland with the world can influence NZD/CHF. A trade surplus tends to strengthen the national currency.

  7. Capital Flows: Direct and portfolio investment movements to and from New Zealand and Switzerland can affect the demand for NZD and CHF.

  8. Fiscal and Government Policies: Decisions on public spending, debt, and fiscal deficits in both countries can impact investor confidence and the strength of the currencies.

  9. Political Stability: Political uncertainty in New Zealand or Switzerland can affect investor confidence in the respective currency, influencing NZD/CHF.

  10. Global Events and Financial Crises: Global economic events or international financial crises can alter risk appetite and affect the balance between NZD and CHF as investors seek safety or yield.

Related Assets Influencing the Dynamics of the NZD/CHF Pair

  • Dairy Product Prices: Dairy product prices directly affect the NZD. As a major exporter, New Zealand benefits from high dairy prices, which can strengthen the NZD against the CHF.

  • Gold Prices: The CHF often correlates with gold prices due to the perception of the Swiss franc as a "safe-haven" currency. An increase in gold prices can strengthen the CHF against the NZD.

  • SMI Index: This is Switzerland's primary stock index, and its performance indicates Swiss economic health. A rising SMI index can strengthen the CHF against the NZD.

  • New Zealand Stock Market: The performance of New Zealand's stock market can reflect the country's economic health and influence the NZD's strength.

Top FX Trading Apps


Opening a FX Trading Account

  1. Select a Reliable Broker: Research and choose a broker that meets your expectations regarding trading tools. The security of your funds should be your priority.

  2. Registration: Go to the broker's website and find the option to register a new account. You will need to provide basic personal information, such as name, email address, phone number, and, in some cases, an ID document to verify your identity.

  3. Account Verification: Brokers require a verification process to comply with anti-money laundering regulations. This usually involves uploading documents such as a photo ID and proof of address.

  4. Initial Deposit: You can make your first deposit once your account is verified. Brokers offer different payment methods, including bank transfers, credit/debit cards, electronic payment systems, and even cryptocurrencies. Returning to point 1, if you have specific needs like "I can only use brokers that accept payment method XYZ, " choose the broker that fits your needs.

  5. Trading Platform: With your account funded, you can now access the broker's platform. If you haven't already, now is the time to familiarise yourself with the platform. Take advantage of the demo account if it's available. It allows you to practice your trading strategies, an advantage not only for beginners but also for experienced traders who are testing new strategies or simply seeing the execution and advanced features the trading app offers.

  6. Set Up Your Trading Space: Customize the platform according to your preferences. This includes selecting the financial instruments you plan to trade, setting up charts, and implementing any technical indicators you regularly use.

  7. Trading Strategy: If you haven't already, define your trading strategy, including risk management. Setting loss limits and profit targets can help you keep your trading disciplined and focused on your long-term goals.

  8. First Trades: With everything in place, you can start trading.

BlackBull Markets

BlackBull Markets, founded in 2014 by Michael Walker and Selwyn Loekman in Auckland, New Zealand, has emerged as a trusted and regulated ECN broker offering access to diverse tradable instruments. BlackBull Markets stands out with its three distinct types of ECN accounts, catering to traders' varying needs and preferences: Standard Account, Prime Account, and Institutional Account.

The Standard Account is an excellent choice for traders seeking a cost-effective forex experience. It offers a convenient entry point without minimum deposit requirements and commission-free trading. Traders can access all tradeable instruments and utilize user-friendly trading platforms, including PC, Mac, mobile, and Webtrader.

The Prime Account provides a competitive edge for those looking to maximize their trading potential. With spreads as low as 0.1 pips and a commission of $6 per lot for most currency pairs, traders can benefit from tighter spreads and lower costs. The Prime Account requires a minimum initial deposit of 2000 USD and offers leverage of up to 1:500, along with micro lots for precise position sizing.

BlackBull Markets also caters to larger traders with its Institutional Account, providing a truly institutional trading experience. With a minimum initial deposit of 20,000 USD, traders can access customisable commission structures, 24/7 dedicated technical support, and a customised MAM/PAMM platform. Qualifying traders can benefit from free VPS access based on trading volume.

Regulation is key to BlackBull Markets' offering, ensuring a secure and transparent trading environment. Prominent authorities regulate the broker, including the Financial Services Commission of New Zealand (FSPR).

With a commitment to exceptional financial services and a focus on client satisfaction, BlackBull Markets has garnered a strong reputation within the industry. Their comprehensive range of over 26,000 tradable instruments, competitive trading conditions, and reliable customer support positions them as a top choice for traders seeking a trusted ECN broker.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.

#2 >

#3 >

bottom of page