Exchange Rate Calculator

The exchange rate between the Hong Kong Dollar (HKD) and the Swiss Franc (CHF) has exhibited notable fluctuations over the past several months. This report provides an analysis of the recent trends, underlying factors influencing these movements, and potential future outlooks for the HKD/CHF currency pair.

Recent Exchange Rate Trends

Between September 2024 and March 2025, the HKD/CHF exchange rate experienced significant variability. The highest recorded rate during this period was 0.11771 CHF per HKD on January 12, 2025, while the lowest was 0.10813 CHF per HKD on September 29, 2024. The average exchange rate over these six months stood at approximately 0.11391 CHF per HKD. (exchangerates.org.uk)

In the first quarter of 2025, the exchange rate demonstrated a downward trend. Starting at 0.1168 CHF per HKD on January 1, 2025, it declined to 0.1133 CHF per HKD by March 7, 2025. This represents a depreciation of about 3.01% over the two-month period. (exchange-rates.org)

Factors Influencing the HKD/CHF Exchange Rate

Several factors have contributed to the observed fluctuations in the HKD/CHF exchange rate:

1. Economic Indicators: Key economic metrics such as GDP growth, inflation rates, and interest rates in both Hong Kong and Switzerland play a crucial role in determining exchange rate movements. For instance, if Switzerland's economy exhibits stronger growth or higher interest rates compared to Hong Kong, the CHF may appreciate against the HKD.

2. Geopolitical Events: Political developments, including elections, trade agreements, and international relations, can impact investor confidence and currency valuations. Any geopolitical tensions or policy changes in either region can lead to increased volatility in the exchange rate.

3. Central Bank Policies: Decisions made by the Hong Kong Monetary Authority and the Swiss National Bank regarding monetary policy, such as adjustments to interest rates or interventions in the foreign exchange market, directly influence the HKD/CHF exchange rate.

Technical Analysis

As of March 5, 2025, the HKD/CHF exchange rate was 0.11438. Technical indicators suggested a bearish sentiment, with a 14-day Relative Strength Index (RSI) of 35.75, indicating that the currency pair was approaching oversold territory. The 50-day Simple Moving Average (SMA) was at 0.116369, while the 200-day SMA stood at 0.113098, suggesting potential downward momentum in the short term. (coincodex.com)

Forecast and Future Outlook

Short-term forecasts indicated a potential decrease in the HKD/CHF exchange rate. Projections for March 2025 suggested a decline to approximately 0.113252 CHF per HKD, representing a 0.99% decrease from the rate on March 5, 2025. Over the next six months, the exchange rate was expected to decrease by approximately 5.24%, reaching around 0.108386 CHF per HKD. However, by the end of 2025, a slight appreciation was anticipated, with the rate projected to reach 0.116571 CHF per HKD, indicating a potential 3.85% increase from the March 2025 rate. (coincodex.com)

Conclusion

The HKD/CHF exchange rate has experienced notable fluctuations over the past several months, influenced by a combination of economic indicators, geopolitical events, and central bank policies. While short-term forecasts suggest a potential depreciation of the HKD against the CHF, the longer-term outlook indicates a possible appreciation by the end of 2025. Investors and businesses engaged in transactions involving these currencies should closely monitor these factors and consider both technical indicators and fundamental analyses when making decisions.