USD/CHF – Rate, Chart, Analysis & News

USD/CHF is a Forex ticker that represents the price it will cost you in Swiss Franc to buy 1 USD. FX currencies are shortened to three-letter abbreviations for ease and are called ISO codes. The Forex market trades in these currency pairs and have a quote structure of Base/Quote (USD/CHF).

The live USD/CHF rate is shown below in an interactive chart that you can use for technical analysis. Our real-time news and analysis will keep you up to date with factors affecting the price movements of USD/CHF, both fundamental and technical.

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USD/CHF Explained

The USD/CHF currency pair is also known as ‘The Swissie’. It represents the exchange rate between the US Dollar and the Swiss Franc, which is the last Franc still in issuance in Europe. 

Although in Europe, Switzerland has retained its national currency – CHF, which is shorthand for ‘Confederation Helvetica’ Franc.  The strategic location for high-net-worth banking customers around the world and the secrecy with which they maintain has brought considerable strength to the Swiss Franc.

Following the European Debt Crisis, the Swiss National Bank (SNB) created a peg to the Euro at a rate of 1.2 Swiss Francs for every 1 Euro. 

USD/CHF Significant Price Movements

The USD/CHF is influenced by factors that affect the value of the U.S. dollar and/or the Swiss franc in relation to each other and other currencies. Economic indicators such as gross domestic product (GDP), from both countries, have a significant impact on the currency pair.

However, because the Swiss franc is a safe haven currency, in times of global economic turmoil or high volatility the franc will often appreciate. The early stages of the recession saw the Swiss franc gaining against all major trading partners apart from the Japanese yen. Between 2007 and 2008 the USD further fell against the CHF.  

In 2015, the USD/CHF was trading near 1.02. When the Swiss National Bank made a decision to cut rates to the negative territory the USD/CHF pair plunged by 16% within a day. The rapid drop bankrupted many global Forex brokers and resulted in bailouts because of trader losses. The incident triggered wide-spread reform, mainly the lowering of leverage available in many countries.

FAQ’s

Which is the best broker to trade the USD/CHF pair?

There are many online brokers that support day trading of the USD/CHF pair. We are constantly evaluating new and existing brokers to recommend the most reliable ones. For more information, you can go to our page that reviews and compares the best Forex brokers to learn more about the different platforms where you can trade USD/CHF.

When I trade the USD/CHF pair will I own the actual currency?

No. CFDs allow you to speculate on rises and falls in the currency pair without having physical ownership. With CFDs, you only have to put in a fraction of the market value of the underlying asset when making a trade. Unlike investing, when you trade CFDs, you are not buying or trading the underlying asset. What you are buying/selling is a contract between yourself and the CFD provider.  

How to trade the USD/CHF pair?

For the purpose of trading the USD/CHF pair, analysis techniques vary but it’s important to track the economic differences between the Swiss and American economies. Changes in interest rates in one of the countries usually trigger a sharp price movement of the USD/CHF pair. 

The Swiss National Bank (SNB) has a lot of influence on the price movements of the USD/CHF currency pair. Any sharp movement in the pair that seems to have no visible fundamental covering it is typically associated with a change in SNB’s policies. Whilst technical and sentimental analysis are important, we’d recommend making sure you’re up on your Swiss fundamentals before getting fully involved in this market.

 


See other currency pairs live rates here.

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