Swiss Franc Trade-Weighted Index, Performance Far Worse than Dollar Index

2016: Update

On a three years interval, the Swiss Franc had a weak performance. The dollar index was far stronger.

Contrary to popular believe, the CHF index gained only 1.73% in 2015. It lost 9.52% in 2014, when the dollar  strongly improved.

Swiss Franc Index 2009-2012

The CHF Trade-Weighted Index (click link on Unciatrends) shows how the Swissie has moved against a basket of other currencies weighted by their share in the Swiss trade.

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 was 111.5, the November 2013 value 111.4.

Trade-Weighting: Swiss Exports by Country

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.

Dollar and (near) dollar- pegged countries are around 30%.

• United States 11%
• Middle East 4.3%
• Hong Kong 3.4%
• China 3.7%
• A big part of Other World (11.6%)