Daily pound to Swiss francs (GBP/CHF) SMA rates up to December 7, 2023
The 200-day pound to Swiss franc SMA was much higher than its actual exchange rate by the end of September 2022, revealing a severely weakened pound. This is likely caused by investors leaving the pound after the UK announced its financial measures to combat inflation. 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.