The 200-day pound to Swiss franc SMA was lower than its actual exchange rate by the end of June 2024, revealing a weakened franc. The Simple Moving Average or SMA is a common metric used within stock and FX market analysis, and especially focuses on long-term trends. The 200-day SMA, especially, is considered very important, as it displays the average price of a stock or currency over the past 200 days (or 40 weeks of trading). If the price of the asset remains above this average, it is generally considered to be in an upwards trend.
British pound sterling (GBP) to Swiss francs (CHF) simple moving average (SMA) rates from June 6, 2023, to June 4, 2024
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Statista. (June 5, 2024). British pound sterling (GBP) to Swiss francs (CHF) simple moving average (SMA) rates from June 6, 2023, to June 4, 2024 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1336423/gbp-chf-sma-rates/
Statista. "British pound sterling (GBP) to Swiss francs (CHF) simple moving average (SMA) rates from June 6, 2023, to June 4, 2024." Chart. June 5, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1336423/gbp-chf-sma-rates/
Statista. (2024). British pound sterling (GBP) to Swiss francs (CHF) simple moving average (SMA) rates from June 6, 2023, to June 4, 2024. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1336423/gbp-chf-sma-rates/
Statista. "British Pound Sterling (Gbp) to Swiss Francs (Chf) Simple Moving Average (Sma) Rates from June 6, 2023, to June 4, 2024." Statista, Statista Inc., 5 Jun 2024, https://www.statista.com/statistics/1336423/gbp-chf-sma-rates/
Statista, British pound sterling (GBP) to Swiss francs (CHF) simple moving average (SMA) rates from June 6, 2023, to June 4, 2024 Statista, https://www.statista.com/statistics/1336423/gbp-chf-sma-rates/ (last visited November 23, 2024)
British pound sterling (GBP) to Swiss francs (CHF) simple moving average (SMA) rates from June 6, 2023, to June 4, 2024 [Graph], Statista, June 5, 2024. [Online]. Available: https://www.statista.com/statistics/1336423/gbp-chf-sma-rates/
