CHF/ZAR Pip Value — Fixed in ZAR
CHF/ZAR pip value is fixed at R10.00 per standard lot. The Swiss franc is the world's premier safe-haven currency — it strengthens when global risk appetite falls. Since ZAR also weakens in risk-off environments, CHF/ZAR tends to move sharply and directionally during global stress events.
| Lot Size | Pip value (ZAR) | 50-pip move |
|---|---|---|
| 0.01 | R0.10 | R5.00 |
| 0.10 | R1.00 | R50.00 |
| 1.00 | R10.00 | R500.00 |
| Instrument class | Exotic pair |
|---|---|
| One pip | 0.0001 |
| Standard lot | 100,000 CHF |
| Value of one pip per lot | 10 ZAR — converting… |
| Notional value of one lot | — |
| Margin on one lot at 1:30 / 1:100 / 1:500 | — |
The last two rows move with the market and are filled in from the live rate; everything above them is fixed by the contract. Leverage available to you depends on your regulator and account type — check it in the platform before you size a position.
| Currency | Central bank | Policy rate | What moves it |
|---|---|---|---|
| CHF | Swiss National Bank (SNB) | SNB policy rate | SNB · CPI · intervention signals |
| ZAR | South African Reserve Bank (SARB) | Repurchase rate | MPC · CPI · commodity exports |
Spreads are tightest when two sessions are open at once and widest when one desk has gone home and the next has not arrived. The shaded band is the overlap.
CHF/ZAR in Risk-Off Events
During global risk-off episodes (financial crises, geopolitical shocks), both legs move in the same direction: CHF strengthens (safe haven buying) while ZAR weakens (EM sell-off). The result is a sharp CHF/ZAR upward move. This makes CHF/ZAR one of the most responsive pairs to global risk sentiment changes — but also one of the hardest to trade against the trend when risk appetite recovers.
Values are for educational purposes. Verify specifications with your broker before trading. Full pip value table →
