Cross pair · “Euro Swissy”
EUR/CHF: volatility, trading hours and correlation
The euro against the Swiss franc. EUR/CHF has averaged 40 pips a day over the last 90 days, with recent volatility above its one-year norm. It tends to move most between 13:00 and 16:00 UTC.
- Last close
- 0.92592 16 October 2026
- Avg daily range
- 40 pips 90 days · 0.43% of price
- 1-year change
- -0.05% EUR weaker vs CHF
- 52-week range
- 0.89805 – 0.94859 Low to high
EUR/CHF over the last 12 months
Daily closes
When EUR/CHF moves most
Average high-to-low range for each hour of the day over the last year, in pips (UTC). The busiest three-hour window is highlighted. 21:00–23:00 UTC includes the daily rollover, when spreads widen and bid prices dip, so those hours are left out of it.
Want these hours in your own time zone? Open forex market hours. To compare EUR/CHF with other pairs, read the most volatile hours in forex.
Average range by weekday
Pips, last 12 months. Ranges are similar every weekday, within 2 pips of each other.
Calendar-year performance
% change in EUR/CHF each year, latest year to date
EUR/CHF seasonality
Average % change by calendar month across the last 9 years. March has been the strongest month on average and May the weakest. Seasonality is a tendency, not a forecast.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg change | -0.01% | +0.09% | +0.43% | +0.36% | -0.65% | -0.46% | -0.43% | -0.32% | +0.10% | +0.11% | -0.25% | -0.44% |
| Years up | 56% | 33% | 56% | 56% | 44% | 44% | 33% | 44% | 56% | 44% | 44% | 22% |
EUR/CHF correlation
Correlation of daily returns with other pairs. +1 means they move together, −1 means they move in opposite directions. How to use correlation.
Biggest daily moves in the last year
The five widest high-to-low days for EUR/CHF.
| Date | Range | Open to close | × normal day |
|---|---|---|---|
| 1 October 2026 | 155 pips | -1.31% | 4.1× |
| 31 March 2026 | 113 pips | +0.86% | 3.0× |
| 2 March 2026 | 105 pips | +0.80% | 2.8× |
| 19 August 2026 | 100 pips | -0.93% | 2.7× |
| 2 October 2026 | 93 pips | -0.16% | 2.5× |
EUR/CHF pip value
Value of a one-pip move (0.0001) at the latest price.
| Account currency | Standard lot (1.00) | Mini lot (0.10) | Micro lot (0.01) |
|---|---|---|---|
 USD | 12.14 USD | 1.21 USD | 0.121 USD |
 EUR | 10.80 EUR | 1.08 EUR | 0.108 EUR |
 GBP | 9.11 GBP | 0.91 GBP | 0.091 GBP |
 CHF | 10.00 CHF | 1.00 CHF | 0.100 CHF |
About EUR/CHF
EUR/CHF shows how many Swiss francs (CHF) it takes to buy one euro (EUR). When the price rises, the euro is strengthening against the Swiss franc. Traders often call it “Euro Swissy”.
EUR is issued by the European Central Bank. It tends to respond to European Central Bank policy, eurozone inflation and growth data, and the spread between German and US bond yields.
CHF is issued by the Swiss National Bank. It tends to respond to Swiss National Bank policy and intervention, and safe-haven flows during market stress.
With an average range of about 40 pips a day, a stop loss of 12–24 pips is roughly a third to two-thirds of a normal day for EUR/CHF. Always size your position from the stop distance with the lot size calculator.
EUR/CHF FAQ
What is the average daily range of EUR/CHF?
Over the last 90 days EUR/CHF moved an average of 40 pips from high to low each day, about 0.43% of its price. Over the past year the average was 38 pips, and over the last 20 trading days it was 52 pips.
What is the best time to trade EUR/CHF?
In the past year EUR/CHF was most active between 13:00 and 16:00 UTC, and the London session produced the largest average range (29 pips). The quietest hour was 04:00 UTC. Its average range was similar on every weekday.
What is EUR/CHF most correlated with?
Based on daily returns over the last year, EUR/CHF moved most closely with GBP/CHF (correlation 0.74) and most inversely with CHF/JPY (-0.41).
How much is one pip worth on EUR/CHF?
One pip on EUR/CHF is 0.0001 of the price. For one standard lot (100,000 EUR) that is 10 CHF, or about $12.14 at the latest price. A mini lot is a tenth of that and a micro lot a hundredth.
Statistics are calculated by ForexSignals.io from Dukascopy hourly bid prices up to the 16 October 2026 close. Trading days run from 17:00 to 17:00 New York time, the same daily candles most MT4 and MT5 brokers show. Hourly figures cover the last 12 months, seasonality the last 9 full years. Data may contain errors and is not a trading recommendation.
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