Title: CHF/MYR Retreats from 14-Week Peak but Registers Weekly Gain Amid Global Forex Dynamics
By TradingPedia.com | Originally Reported October 18, 2025
The Swiss Franc (CHF) to Malaysian Ringgit (MYR) currency pair edged lower on Friday, settling below a recently achieved 14-week high. Despite the slight pullback from those highs, the pair still ended the week with notable gains. Trading activity reflected broader developments in global currency markets, marked by investor sentiment shifts, central bank guidance, energy price fluctuations, and regional growth dynamics.
CHF/MYR, a cross-currency of growing interest for Southeast Asian investors and Swiss-based export stakeholders, has seen a climb of over 0.65% throughout the trading week. The weakening in the Malaysian Ringgit appears to be more pronounced than strength in the Swiss Franc, creating a market structure that drove the pair to multi-month highs before Friday’s marginal decline.
Understanding the movements of minor currency pairs like CHF/MYR offers insight into underlying economic signals in both the ASEAN region and the Swiss financial system.
Key Weekly Performance
– Spot price closed at 5.356 on Friday, October 18, 2025
– Recorded a weekly gain of approximately 0.67%
– Reached a high of 5.368 earlier in the week, marking its strongest level since July 2025
– Pulled back slightly by 0.12% on Friday from the week’s high as profit-taking moderated the rally
Economic Drivers Influencing CHF/MYR
A combination of factors led to the Swiss Franc’s strength and simultaneously highlighted vulnerabilities in the Malaysian Ringgit. To fully understand the pair’s price evolution, we must examine each constituent currency’s key economic backdrop.
Swiss Franc Strength: Safe-Haven Appeal and Hawkish Monetary Stance
The Swiss Franc remains one of the world’s most prominent safe-haven currencies. Recent developments have bolstered demand for the currency:
– Rise in global market uncertainties — especially in the Middle East and Eastern Europe — has driven investors toward traditionally secure currencies like the CHF
– Speculation that the Swiss National Bank (SNB) may need to maintain tighter monetary conditions due to elevated inflationary risks driven by energy prices
– Safe-haven flows into Switzerland’s financial system have increased amid rising geopolitical tensions and concerns about slower global growth in 2025
– The Swiss economy continues to show resilience with moderate GDP growth and relatively controlled inflation, lending support to its currency
Malaysian Ringgit Weakness: Domestic Headwinds and External Pressures
In contrast, the Malaysian Ringgit has faced depreciation pressure amid both domestic and international concerns:
– Sluggish export growth due to softer demand from China and the EU, two key trade partners
– Lower crude oil and palm oil prices, which are vital to Malaysia’s export economy
– The Bank Negara Malaysia (BNM) has maintained a relatively dovish monetary stance compared to other central banks, keeping its Overnight Policy Rate (OPR) at 3.00% to support domestic consumption
– Rising US interest rates have contributed to capital outflows from emerging markets, including Malaysia, putting pressure on the Ringgit
– Political uncertainty surrounding upcoming fiscal reforms and subsidy rationalization plans has further weighed on investor sentiment
Technical Analysis of CHF/MYR Pair
Many forex traders rely on technical levels and patterns in analyzing non-major pairs like CHF/MYR. The pair’s recent movement reflected a bullish breakout:
– After consolidating during August and September, the pair broke out above the resistance level of 5.330 last week
– The weekly RSI remained under 70, suggesting that the pair was not yet overbought despite the rapid appreciation
– Moving averages — especially the 20-day and 50-day — have turned upward, signaling a positive trend
– Support lies near 5.305, where buying interest could emerge if the pair declines further
– If upward momentum returns, potential resistance may be seen
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