Currency
USD/CHF exchange-rate chart
USD/CHF quotes the US dollar, issued by the Federal Reserve, against the Swiss franc, issued by the Swiss National Bank (SNB). The dollar is the base currency and the franc is the quote currency, so the figure shown is how many francs one dollar buys.
This is an interbank spot mid-market quote. USD/CHF is closely watched because the Swiss franc has a long-standing reputation as a safe-haven currency during periods of financial market stress.
USD / CHF chart
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At a glance
| Full name | United States Dollar / Swiss Franc |
|---|---|
| Pair code | USD/CHF |
| TradingView symbol | FX:USDCHF |
| Instrument type | Spot FX interbank quote (mid-market) |
| Base currency | US dollar (USD) |
| Quote currency | Swiss franc (CHF) |
| What one unit represents | How many Swiss francs one US dollar buys |
| Market schedule | Roughly 24 hours a day, Sunday evening to Friday evening UTC; closed at weekends |
| Central banks involved | US Federal Reserve; Swiss National Bank |
| Liquidity/session notes | Liquid throughout the European session; can move sharply around SNB policy announcements or interventions |
| Data delay note | Chart data may be delayed; this page is not a dealing or payment rate |
What is USD / CHF?
The US dollar is issued by the Federal Reserve, while the Swiss franc is issued by the Swiss National Bank, which sets policy for a small, open economy known for political stability and a large, internationally oriented financial sector.
The franc has historically attracted inflows during periods of global uncertainty, reflecting its safe-haven status. The SNB has at times intervened directly in currency markets, including a widely documented removal of a franc ceiling against the euro in 2015, and has used both rate policy and market operations to manage the currency's strength.
How to read this chart
A rising USD/CHF line means the dollar is strengthening against the franc — one dollar buys more francs. A falling line means the franc is strengthening and the dollar is weakening.
A Swiss exporter invoicing in dollars sees dollar revenue convert into fewer francs when the franc strengthens (falling USD/CHF), which can squeeze margins; a weaker franc (rising USD/CHF) has the opposite effect. As elsewhere on this page, the chart is a mid-market reference, not a payment rate.
What moves it?
- Safe-haven flows
- During episodes of global market stress, capital often flows into the franc regardless of Swiss domestic conditions, pushing USD/CHF down.
- Swiss National Bank policy
- SNB interest-rate decisions and past history of direct market intervention to manage franc strength are a distinctive driver of this pair.
- US Federal Reserve policy
- Fed rate decisions and US economic data affect the dollar side of the pair, as with other USD crosses.
- Swiss inflation and export competitiveness
- The SNB weighs the impact of franc strength on Swiss exporters when setting policy, given Switzerland's export-oriented economy.
- Eurozone conditions
- Because Switzerland's largest trading partner is the eurozone, EUR/CHF dynamics and eurozone stability also feed through to USD/CHF.
Why businesses and investors monitor it
Businesses trading with Swiss counterparties, or holding franc-denominated assets, use USD/CHF to assess hedging costs and translation exposure, particularly around periods of market stress when the franc can move sharply.
Treasury teams also track the pair as an indicator of broader risk sentiment, given the franc's tendency to strengthen when investors seek safety.
USD/CHF vs EUR/USD
USD/CHF and EUR/USD often move in a broadly inverse relationship, since both are heavily influenced by the direction of the US dollar; a period of general dollar strength tends to push EUR/USD down and USD/CHF up simultaneously.
Comparing the two can help identify whether a franc move reflects genuine safe-haven demand for the franc specifically, or simply broad dollar strength affecting multiple pairs.
Frequently asked questions
Why is the Swiss franc considered a safe haven?
Switzerland's political stability, current account surplus and large, well-capitalised financial sector have historically attracted capital during periods of global uncertainty, supporting the franc.
Has the Swiss National Bank intervened in currency markets before?
Yes. The SNB has at times capped or actively managed the franc's exchange rate, including removing a ceiling against the euro in 2015, an event that caused sharp market moves.
What does a stronger franc mean for a Swiss exporter?
A stronger franc (falling USD/CHF) means dollar-denominated export revenue converts into fewer francs, which can pressure margins for Swiss exporters.
Why is my bank's rate different from the USD/CHF chart?
The chart is an interbank mid-market rate; actual transfers are priced with an added margin by the bank or payment provider.
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Sources
Written and maintained by the StandardsDesk editorial team. Last reviewed 2026-08-06. The explanatory text on this page is evergreen: it is not updated with market movements, and no current price or level is quoted anywhere outside the chart.
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