USD/CHF Forex Trading
USD/CHF is a major currency pair that includes so-called safe-haven assets. This provides traders with high liquidity and exciting market opportunities. Interested? Start trading USD/CHF with FXOpen today!
USD/CHF Live Charts
Use our USD/CHF live chart to get the most up-to-date insight into the recent performance of this pair and other currency pairs used in forex trading. It can help you make informed decisions at home or on the go – no matter if you use the TickTrader desktop platform, web terminal, or mobile app. Our real-time chart includes the very latest price, historical data, and technical analysis tools to help guide your next trade.
What Is USD/CHF Trading?
By trading USD/CHF, traders and investors speculate on price changes in the USD/CHF pair, which
consists of the United States dollar (commonly known as the greenback) and the Swiss franc.
In this pair, the value of one United States dollar is measured in terms of Swiss francs. For
example, if the USD/CHF exchange rate is 0.9200, it means that 1 US dollar is equivalent to 0.92
Swiss franc.
It is one of the major currency pairs traded in the forex market due to the significant trading
volume and liquidity it enjoys. It's influenced by a range of factors, including economic
indicators, interest rates, geopolitical events, and global market sentiment.
You can open an FXOpen account now to trade it with spreads from 0.0 pips and low commissions from
$1.50.
USD/CHF Historical Performance
Over a ten-year period, from 2001 to 2011, USD/CHF was moving in a strong downtrend, falling
from 1.8 to below 0.8. During the financial crisis, the pair’s exchange rate experienced
fluctuations due to risk aversion and market uncertainty as the US dollar and Swiss franc are
considered to be safe-haven assets.
In 2011, the Swiss National Bank (SNB) introduced a currency floor by pegging the Swiss franc to
the euro (EUR) to prevent excessive appreciation. This had indirect effects on the US
dollar/Swiss franc rate.
In 2015, the SNB unexpectedly removed the currency floor, causing a sharp appreciation of the
Swiss franc. However, the appreciation didn’t last long. Moreover, by the end of the year, the
greenback managed to stick above 1 against the franc.
Since then, the pair has been trading in a 0.87-1.02 range, constantly breaking above 1 but
falling after that.
Major Factors That Affect the USD/CHF Pair
The US dollar/Swiss franc currency pairing is influenced by a variety of factors.
Economic indicators have an impact on all currencies. The most popular metrics are GDP growth,
inflation, labour market and manufacturing data, and trade balances in both the United States
and Switzerland.
Differences in interest rates set by the US Federal Reserve and the Swiss National Bank can have
a significant impact on the exchange rate too. Higher interest rates in one country relative to
the other can attract foreign investors seeking higher yields, leading to currency
appreciation.
Global economic and political events can impact both the United States and Switzerland and
consequently affect the pair’s rate. However, it’s vital to know how to evaluate this impact on
the countries, as the US dollar and the Swiss franc are believed to be safe-haven assets that
are supposed to appreciate in times of risk-averse sentiment.