Exchange Rate Calculator

The exchange rate between the Japanese Yen (JPY) and the Swiss Franc (CHF) is a critical indicator for investors and businesses engaged in transactions between Japan and Switzerland. This report provides an analysis of the JPY/CHF exchange rate over the past few months, examining historical trends, technical indicators, and future forecasts to offer a comprehensive understanding of the currency pair's performance.

Historical Exchange Rate Trends

Over the past several months, the JPY/CHF exchange rate has exhibited fluctuations influenced by various economic factors. In early January 2025, the exchange rate was approximately 0.005736 CHF per JPY, marking the lowest point for the year. The rate then experienced a gradual increase, reaching a peak of 0.006017 CHF per JPY on February 21, 2025. This upward trend was followed by a slight decline, with the rate stabilizing around 0.0059 CHF per JPY by late March 2025. (exchange-rates.org)

Technical Analysis

Technical indicators provide insights into the potential future movements of the JPY/CHF exchange rate. As of March 7, 2025, several key indicators suggested a bearish outlook:

• Relative Strength Index (RSI): The 14-day RSI stood at 41.916, indicating a sell signal.
• Moving Averages: Both simple and exponential moving averages across various periods (5, 10, 20, 50, 100, and 200 days) signaled a strong sell.
• MACD (12,26): The Moving Average Convergence Divergence was at 0, suggesting a sell signal.
• Commodity Channel Index (CCI): The 14-day CCI was at -113.3702, indicating a sell signal. (investing.com)

These technical indicators collectively pointed towards a potential weakening of the JPY against the CHF during that period.

Forecasts and Future Outlook

Looking ahead, forecasts suggest a potential decline in the JPY/CHF exchange rate. In three months, the rate is expected to fall to 0.0057, representing a 3.39% decrease from the current rate of 0.0059. In six months, the rate is projected to be 0.0058, a 1.69% decrease. (exchangerates.org.uk)

Factors Influencing the Exchange Rate

Several factors contribute to the fluctuations in the JPY/CHF exchange rate:

• Monetary Policies: The Bank of Japan's (BOJ) and the Swiss National Bank's (SNB) monetary policies significantly impact their respective currencies. For instance, the SNB's interest rate decision on March 20, 2025, maintained the rate at 0.25%, which can influence the CHF's strength. (investing.com)

• Economic Indicators: Trade balances, inflation rates, and GDP growth in both countries affect investor confidence and currency valuations.

• Global Economic Conditions: As both the JPY and CHF are considered safe-haven currencies, global economic uncertainties can lead to increased demand for these currencies, affecting their exchange rate.

Conclusion

The JPY/CHF exchange rate has experienced fluctuations over the past few months, influenced by technical indicators, economic policies, and global conditions. While technical analysis as of March 2025 suggested a bearish outlook for the JPY against the CHF, forecasts indicate a potential decline in the exchange rate in the coming months. Investors and businesses should monitor these factors closely to make informed decisions regarding transactions involving these currencies.