Introduction to the CHF/HUF Pair
The CHF/HUF (Swiss franc/Hungarian forint) is an acronym for the currency pair or cross of the Swiss franc and Hungarian forint. The currency pair asks the reader how many Hungarian forints are needed to buy one Swiss franc (the base currency). The sum of the CHF/HUF pair per x Hungarian forints is quoted as 1 Swiss franc. If the pair sells at 1.5 this means it takes 1.5 Hungarian forints to buy 1 Swiss franc. This currency pair would be influenced by the interest rate gap between the Swiss Central Bank (SNB) and the Hungarian national bank (Magyar Nemzeti Bank – MNB).
About the CHF
CHF is the abbreviation for the Swiss franc, Switzerland’s recognised legal tender. CHF stands for Confoederatio Helvetica Franc, where the Latin term for the Swiss confederation is Confoederatio Helvetica. It is the only franc that is now distributed since the other nations of Europe, who used to denominate their currencies in francs, accepted the euro. The Swiss franc is referred to by currency market traders as the Swissie and is the world’s seventh-most exchanged currency. The franc is also Liechtenstein’s currency and legal tender and is also used in the Italian Campione d’Italia exclave. The banknotes are issued by the Swiss National Bank (SNB), and the federal mint, Swissmint, circulates coins.