Weakening exchange rate of ASEAN countries against the U.S. dollar, has led to various ideas to overcome them. One interesting idea is the proposal that ASEAN member countries have to implement the single currency ASEAN or ASEAN Currency Unit (ACU). With the application of the ACU, it will reduces the dependence on the USD, and thus, the fluctuations, in particular the weakening of the currency exchange rates of ASEAN countries against the USD, will be reduced, so that the macro-economic stability could be maintained.

Predictably, the idea of ​​application of the ACU took inspiration from the successful implementation of the single European currency, or European Currency Unit, or more popularly called the Euro. Indeed, the application of Euro among the member countries of the European Union (EU) has managed to reduce its dependence on the USD, so they are spared the economy from speculators and more stable.

When hearing the word “Switzerland”, the first thing that come to mind are “chocolate” or “watches”. Both products are identical to the Switzerland. However, Switzerland is not only important for chocolate and watches. This small country that located in the heart of the European continent is one of the world’s leading economic power.

Physically, the Switzerland state is “landlocked” with very limited natural resources. Even up to 20 years ago, Switzerland remains one of the least developed countries in Europe. The euphoria in the market liberalization era of the 1990s is the main key to the rise of the Swiss export-oriented countries.

Almost certainly, if we talk about Switzerland, we will feel that Switzerland is synonymous with money and banks. Switzerland is also identical to where the rich people keep their wealth.

Switzerland is better state when compared to other neighboring countries in Europe are now experiencing severe financial crisis such as in Greece, Ireland, Portugal, Spain, and some time ago, Iceland. Export sector was less sensitive to monetary change, and there are few reasons.  The most popular export commodity of Switzerland like watches does not have a price sensitivity. While the other industries have a regulation that governs the price. Not only that, we should know that when compared with other European countries, Greece, Ireland, Portugal, Spain, France, UK, etc,  both governments and citizens of Switzerland have the better attitude and better discipline in managing finances. In essence, the Swiss view money as a way, not as a goal. In other words, the money remains only as a medium of payment and should be used with the best.

Hunting for a safe exchange has become a normal activity if the owners of the funds naturally tend to secure their funds in assets that are categorized as low risk. When the world is threatened due to the crisis triggered in the euro area, and debt bondage due to budgetary indiscipline in the United States, people are hunting for safe haven in the USD, Swiss Franc CHF and gold instruments.

Not surprisingly, at this time, looking for USD liquidity becomes increasingly difficult.  In fact, theoretically, when the U.S. economy reeling, the USD should weaken against other currencies. In such situations, people should not hunt gold in large quantities, because it is very dangerous situation.

However, the above theory was not applicable at this time because today, the European economy is not better than the United States. Even the crisis of the European region has the potential to involve at least 17 euro zone countries. While the crisis of the United States “only” involves a single country, namely United States itself. The main result is the magnitude of the perceived crisis in Europe is greater than the crisis of the United States.

We all know that Switzerland aka Swiss located in “the heart of Europe”. Switzerland occupies an area of ​​41 thousand square kilometers. Switzerland is ne country in Europe that has a population of 7.3 million inhabitants. Switzerland economy also relies on the financial services sector and industry with total GDP of U.S. $ 488 billion in 2008. Switzerland is also known as the country where the rich world to save his property. A number of leading Swiss companies are Nestle, Credit Suisse Group, Zurich Financial Services, and Roche Holding. Switzerland is one of the world’s rich countries. Why Switzerland could become a rich country in the world? Of course there is a good reason for this. First, Switzerland has a population that has peace character and likes to maintain Switzerland neutrality. In addition, they are the ones who uphold expertise in manufacturing tools with high precision. Swiss watch industry into an industry that has become a tradition hundreds of years the family in Swiss industry. International markets are very proud even when using products with high precision of the Switzerland.

The forex market is the largest market in the world and the most liquid market, with trillions of dollars traded on a daily basis by millions of people. This market is depends of strong currencies like Swiss Franc CHF, USD, Euro, etc. The stabil currency like Swiss Franc CHF ensure the stability of forex market. For those just starting out in forex market, one of the first step is to familiarize yourself with some of the more common currencies are traded and their popularity not only in the forex market but in general as well. Let’s look at some popular currency forex and that all observers should know and some of the underlying traits and characteristics of their respective currencies.

On January 1, 2002, the euro was greeted enthusiastically, but now victory seems in favor of the opposing sides of this currency. What is the situation in the UK, Denmark, Sweden or Switzerland, which still use their own currency? The reason is stable currency like Swiss Franc CHF supports its country in depending economic power from monetary instability. This is the main reason why does Switzerland still strong in “European monetary storm”

To celebrate the 10th anniversary of the euro, European Central Bank releases a campaign through a film. A beautiful Greek woman with a violin goes over the bridge in the green region.

Switzerland’s economy relied on export-oriented industrial sector, due to poor natural resources, the relatively small total area, and the lack of population (approximately 7,500,000 people). Therefore, Switzerland imports mostly raw materials, which then after going through treatment processes, are exported as a product with high quality and high price. Export product is the famous clock, chocolate and cheese, but in fact the result of exports of mechanical industry, electronics and chemicals reach more than half of total export earnings Switzerland.

Switzerland’s economic policy based on free trade, with no import quotas, where the only exception is for agricultural products – but are now starting to slowly be reduced, as the impact of signing the agreement with the European Union (EU). But now the Switzerland, including through the facilities of EFTA (European Free Trade Association), is also actively negotiating with countries that have a larger market to improve and open up Swiss companies access to world markets.

Forex is the world currency exchange activities; daily turnover reached 3-4 trillion dollars in excess of the daily volume of the stock and futures markets (combined). All activity of Forex market is based on systems of several institutions, including: brokers and dealers, central and commercial banks, pension funds and insurance companies and transnational corporations. Forex is a major commodity currencies of several countries. In line with economic developments, which affect the relations of the several states, led to fluctuations in currency rates could be an opportunity for traders to profit.

Unlike stocks, Forex transaction does not require any place, any person can trade from their offices or homes, but still need computer and internet connection. The market operates 24 hours a day, 5 days a week, this makes market participants can trade at any time every day.

In this modern world, money is not only used as legal tender by a country in a business transaction, but also as traden instrument of money exchange in the community. In addition to factors such as interest rates and inflation, exchange rates are among the most important factor of a country’s relative economic conditions. The exchange rate plays a vital role in the trade of a country.

U.S. Dollar became the world’s major currencies since the end of World War II to the present. In the late 1960′s and early 1970′s Exchance Fixed Rate System as its implications on the U.S. Dollar is not back-up a certain number of gold again. But because of the size of the U.S. economy makes the currency remains as a world currency today. The passage of time also shows the eyes of U.S. Dollar as the currency that is fairly stable even in a state of crisis.