The BNP Paribas FX CHF Trade Weighted Index (click link on Bloomberg) shows how the Swissie has moved against a basket of other currencies weighted by their share in the Swiss exports.
A similar figure, the export-weighted real exchange rate, can be found equally inside the SNB’s bi-weekly IMF data. Based on the 1999 base year (=100), the October 2012 value is 111.5.
The typical basket for the trade-weighted index is the export basket. The total of the euro share is around 45%. Details on the theory behind can be found here.
Swiss Exports By Country
Disclaimer: The opinions expressed above are not intended to be taken as investment advice. It is to be taken as opinion only and we encourage you to complete your own due diligence when making an investment decision. Even if we often write about Forex trading, our advices aren't written for day traders who follow technical channels, but rather for mid- and long-term investors. Our aim is to show discrepancies between fundamental data and current asset valuations, which can lead in mid-term to an inversion to technical channels. ----------------------------------------------------------------------------------------------------------------------------
