Trading the USD/CHF currency pair is also known as trading the “Swissie.” The USD/CHF tends to have a negative correlation with the EUR/USD (euro/USD) and GBP/USD (British pound/USD) currency pairs. This is due to the positive correlation of the euro, Swiss franc, and the British pound.
CHF is the unique currency code for the Swiss franc, and USD is the currency code for the U.S. dollar. Currencies are quoted in pairs, revealing how much of one currency it costs to buy the other. The https://www.forexbox.info/top-investment-advisors/ U.S. dollar is the currency most used in international transactions. Several countries use the U.S. dollar as their official currency, and many others allow it to be used in a de facto capacity.
Exchange-rates.org has been a leading provider of currency, cryptocurrency and precious metal prices for nearly 20 years. Our information is trusted by millions of users across the globe each month . We have been featured in some of the most prestigious financial publications in the world including Business Insider, Investopedia, Washington Post, and CoinDesk. You’ll now see the value of the converted currency according to the most recent exchange rate. You can send a variety of international currencies to multiple countries reliably, quickly, and safely, and at a rate cheaper than most banks. The currency pair shows how many Swiss francs (the quote currency) are needed to purchase one U.S. dollar (the base currency).
The rapid plunge caused massive upheaval in the currency markets as many global forex brokers went bankrupt or required a bailout because of trader losses. The incident caused widespread reform, mainly the lowering of leverage available in many countries. The interest rate differential between the Federal https://www.forex-world.net/stocks/wells-fargo/ Reserve (Fed) and the Swiss National Bank (SNB) will also affect this currency pair. For example, when the Fed intervenes in open market operations to make the U.S. dollar stronger, the value of the USD/CHF could increase, due to a strengthening of the U.S. dollar when compared to the Swiss franc.
Keep in mind when traveling or when getting physical currency, banks and currency exchange houses will typically charge 3 to 5 percent and will work this into the price of the currency. Therefore, our traveler heading to Switzerland likely won’t get the real-time forex market rate of US$1.0695 for each CHF (equivalent to USD/CHF rate of 0.9350). Instead, the currency exchange will likely charge an extra 4%, for example, bringing the rate to US$1.1123 for each CHF instead of $1.0695.
The USD/CHF rate shows how many CHF it takes to buy one USD, but a traveler heading to Switzerland may want to know how many U.S. dollars it takes to buy one CHF. On the other hand, if the rate falls from 1.03 to 0.99, it now costs fewer CHF to buy one USD, so the CHF has appreciated or the USD has fallen relative to the CHF. On the other hand, if the Swiss National Bank raises interest rates, that could lure more investors to the franc and thus increase its value. In this case, the USD/CHF rate would fall because it will take fewer francs to buy the USD. Its name in the four official languages of Switzerland is Franken (German), franc (French and Rhaeto-Romanic), and franco (Italian). Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism.
If the rate of the USD/CHF is 0.90 and the rates moves up to 1.05, then the USD has appreciated against the CHF because it now costs more CHF to buy one USD. During the early stages of the Great Recession, the Swiss franc appreciated against all major trading partners apart from the Japanese yen. The Swiss franc is a safe haven currency, meaning in times of global economic stress or high volatility the franc will often appreciate. The Swiss franc and Japanese yen are considered the two most popular safe-haven currency trades. This is because Switzerland is largely regarded as stable financially and politically.
We partner with leading data providers to bring you the latest and most accurate prices for all major currencies, cryptocurrencies and precious metals. 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.
The USD/CHF is affected by factors that influence the value of the U.S. dollar or the Swiss franc in relation to each other and other currencies. 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. In 2015, the USD/CHF was trading near 1.20 when the SNB pulled the floor they had set on theEUR/CHF pair.
She has worked in multiple cities covering breaking news, politics, education, and more. Her expertise is in personal finance and investing, and real estate. In the last 10 years, the highest rate from Swiss where is my money invested Francs to US Dollars was on December 29, 2023 when each Swiss Franc was worth $1.1892 USD. To view rates between the Swiss Franc and the US Dollar for a particular year, click on one of the links below.
