<s>[INST] The Swiss Franc (CHF) is the currency of Switzerland, and since its inception in 1850, it has been considered a safe haven currency, medium of exchange, store of value and a unit of account. The Swiss economy is known for its political stability, low inflation, and high standard of living, which contributes to the strength and value of the franc.
An exchange rate, presented as a ratio of two currencies, measures the number of units of the quote currency that one unit of the base currency will buy. The most common exchange rate is the spot exchange rate. 
The spot exchange rate refers to the current price of a currency, and is the rate at which the currency can be bought or sold for immediate delivery. 
Do you know the difference between a Spot FX and a Forward FX trade?[/INST]