CHF Swiss Franc: Definition, Strength, Vs U.S. Dollar

The direction of the USD/CHF exchange rate will depend on monetary policy in the US and Switzerland as well as trading activity and economic growth. When using any USD/CHF forecast to inform your trading decisions, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns. The Swiss franc (CHF) is considered one of the world’s safest assets and is one of the most frequently traded currencies on the forex market.

Once you see the historical exchange rate graph appear, scroll anywhere along the graph line to see the historical exchange rate for that particular day in that year. In foreign exchange (forex) trading, currencies are traded in pairs that denote their relative value. The USD/CHF pair refers to how many Swiss francs – the quote currency – are needed to buy one US dollar – the base currency. The Swiss franc is considered a safe haven currency due to the perceived stability of the Swiss economy and political system and a relatively low inflation rate. We partner with leading data providers to bring you the latest and most accurate prices for all major currencies, cryptocurrencies and precious metals. The currency, cryptocurrency and precious metals prices displayed on our site are aggregated from millions of data points and pass through proprietary algorithms in order to deliver timely and accurate prices to our users.

The scenario could be cancelled by a breakout of the lower boundary of the Cloud with the price finding a foothold under 2015, which will mean a further decline to 1985. Meanwhile, the growth could be supported by a breakout of the upper boundary of the bearish channel with the price finding a foothold above the 2040 level. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. Analysts at Hong Kong based HSBC also saw the potential for the USD to turn lower in 2023 as US interest rates stabilise, although they do not expect a rate cut until 2024.

  1. The Swiss franc is also considered to be a safe haven investment, as it is less volatile than the dollar.
  2. You can convert Swiss Francs to US Dollars by using the ValutaFX currency converter in just one easy step.
  3. The Swiss central bank raised its benchmark interest rate by 50 points on 15 December, lifting the rate to 1%.
  4. The Fed raised rates by 75 bps four times between June and November, and then slowed the pace to 50 points for its 14 December hike to 4.25% to 4.50%.

The currency market, also known as the foreign exchange market or forex, is the largest financial market in the world, with a daily average volume of more than U.S. $6.6 trillion in April 2019. The CHF and USD can be traded 24×5 starting from the time markets open on Monday mornings in Sydney all the way to the time markets close on Fridays at 5 pm in New York. Exchange rates can fluctuate by the minute while markets are open. However, the time between 3-4 PM GMT is often a good time to convert Swiss Francs to US Dollars because currency market liquidity and trading volume tend to be the highest during this time. Also, it’s best to convert Swiss Francs to US Dollars early in the week if you need US Dollars urgently. If you execute a trade late in the week, it might not settle until the following week given that forex markets are closed on weekends.

Build your skills with a risk-free demo account.

You’ll now see the value of the converted currency according to the most recent exchange rate. The attraction of the franc as a safe haven outweighed that of the US dollar as the US weighed the impact of the Covid-19 pandemic on its economy. The pair fell from 0.97 at the start of 2020 to 0.88 by the end of the year. The pair trended higher in 2021 as the US emerged from lockdown restrictions, moving up to 0.91 at the end of the year.

Why Is the Swiss Franc a Safe Haven Currency?

Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. Our currency rankings show that the most popular Swiss Franc exchange rate is the CHF to USD rate. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. These are the lowest points the exchange rate has been at in the last 30 and 90-day periods.

View the latest currency exchange rates from Swiss Francs to US Dollars and over 120 other world currencies. Our live currency converter is simple, user-friendly and shows the latest rates from reputable sources. The US inflation rate rose by 0.1%, less than economists had predicted. The best time to trade on forex markets is around the release of major economic announcements, such as trade data, inflation and interest rates. “Switzerland’s foreign exchange reserves fell to about CHF790bn ($849bn)  in November, the lowest level in nearly two years.

Xe Currency Charts

Inflation in Switzerland has been relatively low over the years. In addition, Switzerland’s government and the Swiss National Bank (SNB) are traditionally non-interventionist. Foreign trade involving Switzerland is typically settled in euros or U.S. dollars, not in Swiss francs. Leveraged trading in foreign currency or off-exchange https://bigbostrade.com/ products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.

EUR/USD is battling 1.0800, consolidating losses early Thursday. Fed Chair Powell highlighted the need for inflation figures to reflect the Fed’s 2% ceiling, pushing back against early rate cut bets and boosting the US Dollar. The Swiss central bank raised its benchmark interest rate by 50 points on 15 December, lifting the rate to 1%. The SNB unexpectedly increased the rate in June for the first time in 15 years, from -0.75% to -0.25%, and then moved the rate into positive territory with a 75-bp hike on 22 September.

News Now Headlines

Wise is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, Firm Reference , for the issuing of electronic money. In the last 10 years, the highest rate from Swiss Francs to US Dollars was on December 29, 2023 when each Swiss Franc was worth $1.1892 USD. In other high low indicator mt4 states, the program is sponsored by Community Federal Savings Bank, to which we’re a service provider. The franc is the currency of both Switzerland and Liechtenstein. Its name in the four official languages of Switzerland is Franken (German), franc (French and Rhaeto-Romanic), and franco (Italian).

Remember, past performance does not guarantee future returns. Higher interest rates make a country’s currency more attractive, as investors sell their assets in other markets to buy the currency with the aim of making higher returns. The Swiss franc is also considered to be a safe haven investment, as it is less volatile than the dollar.

Employment data and gross domestic product (GDP), from both countries, are a couple of the economic indicators that have a significant impact on the currency pair. You can convert Swiss Francs to US Dollars by using the exchange-rates.org currency converter in just one easy step. Simply enter the amount of CHF you want to convert to USD in the box labeled “Amount”, and you’re done!