About Canadian Dollar

This is a currency exchange rate for the Canadian Dollar versus the Swiss Franc. The value of one CAD (the "base currency") is quoted in CHF in this quote (the "counter currency"). Because Canada exports a large amount of natural resources, particularly oil, the Canadian Dollar is often referred to as a "commodity currency." In practice, this makes it vulnerable to the ebb and flow of investor sentiment on global economic growth. Meanwhile, Switzerland has a long history of serving as a safe haven and harbor for foreigners seeking private banking. CAD/CHF is a notable carry trade vehicle because it represents the relationship between a growth-oriented, higher-yielding currency and a safety-oriented, low-yielding currency.