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, so the number shown is how many francs one dollar buys.
This is an interbank spot mid-market quote. USD/CHF gets close attention because the franc has a long-standing reputation as a safe haven during market stress.
USD / CHF chart
FX:USDCHFCharts by TradingView. To switch instrument, use the market charts hub or the related charts below. Each one has its own page.
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 Federal Reserve issues the dollar. The Swiss National Bank issues the franc and sets policy for a small, open economy known for political stability and a large, internationally oriented financial sector.
The franc attracts inflows during global uncertainty, reflecting its safe-haven status. The SNB has intervened directly in currency markets before, including removing 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 line means the dollar is strengthening against the franc: one dollar buys more francs. A falling line means the franc is strengthening.
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 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
- In 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 rate decisions, and its 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 data affect the dollar side of the pair, as with other USD crosses.
- Swiss inflation and export competitiveness
- The SNB weighs the effect of franc strength on Swiss exporters when it sets policy, given how export-oriented the economy is.
- Eurozone conditions
- Switzerland's largest trading partner is the eurozone, so EUR/CHF dynamics and eurozone stability feed through to USD/CHF too.
Why people watch it
Businesses trading with Swiss counterparties, or holding franc assets, use USD/CHF to assess hedging costs and translation exposure, especially around periods of market stress when the franc can move sharply.
Treasury teams also track the pair as a read on 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 inversely, since both are heavily influenced by the dollar's direction: a spell of broad dollar strength tends to push EUR/USD down and USD/CHF up at the same time.
Comparing the two shows whether a franc move reflects genuine safe-haven demand or simply broad dollar strength hitting multiple pairs at once.
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 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, which 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 carry an added margin set 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 text here is deliberately evergreen: it is not rewritten every time the market moves, and no price or level is quoted anywhere outside the chart itself.
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