Australian Dollar / Swiss Franc - AUD/CHF

The fluctuations of the AUD/CHF (Australian dollar/Swiss Franc) seemed to depend from 2002 to 2007 on the increase of the world farm raw material on which strongly depends the external value of the Australian dollar.

So a nearly-40% appreciation of the Australian dollar against the Swiss currency was registered on the Forex during this period; an appreciation that was not continuous but was slow.

With the exchange value AUD/CHF = 0,76 in September 2001, an increase at AUD/CHF = 0,89 was done in May 2002; but an adjustment happened in the second semester of that year and we had AUD/CHF = 0,78 in December 2002.

The slow appreciation of the dollar that settled after made the cross reach AUD/CHF = 0,98, an exchange value which remained at this high level the following year and even until the end of 2005.

After a re-orientation of the slow bullish trend of the cross during the Spring 2006, the cross reached AUD/CHF = 1,06 in September 2007 (a higher point that had already been reached in January 2000), while the raw material exchange rates had began to decrease for several weeks.

A re-appreciation of the Swiss Franc happened during the financial and stock-exchange instability made the investors consider the Swiss currency as a “defensive security”; and the decrease of the raw material rates also made the Australian Dollar depreciate.

By the end of February 2009, AUS/CHF was worth 0.75 : it lost 25% in a year and a half whereas the increase of the seven previous years have be progressive.

But the Australian dollar also fast re-appreciated in 2009 and we had AUD/CHF = 0,9298 in December 2009.

The higher points of the previous period are no longer far away.