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Daily pound to Swiss francs (GBP/CHF) SMA rates up to June 4, 2024
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.