Cross pair
GBP/CHF: volatility, trading hours and correlation
The British pound against the Swiss franc. GBP/CHF has averaged 57 pips a day over the last 90 days, with recent volatility close to its one-year norm. It tends to move most between 13:00 and 16:00 UTC.
- Last close
- 1.09771 16 October 2026
- Avg daily range
- 57 pips 90 days · 0.52% of price
- 1-year change
- +3.13% GBP stronger vs CHF
- 52-week range
- 1.02736 – 1.11046 Low to high
GBP/CHF over the last 12 months
Daily closes
When GBP/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 GBP/CHF with other pairs, read the most volatile hours in forex.
Average range by weekday
Pips, last 12 months. Monday is typically busiest and Tuesday quietest.
Calendar-year performance
% change in GBP/CHF each year, latest year to date
GBP/CHF seasonality
Average % change by calendar month across the last 9 years. January 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 | +0.78% | +0.31% | +0.18% | +0.40% | -1.41% | -1.02% | -0.53% | -0.88% | +0.43% | +0.78% | +0.01% | -0.63% |
| Years up | 67% | 67% | 56% | 67% | 44% | 33% | 22% | 33% | 44% | 44% | 56% | 33% |
GBP/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 GBP/CHF.
| Date | Range | Open to close | × normal day |
|---|---|---|---|
| 2 March 2026 | 176 pips | +1.52% | 3.1× |
| 19 August 2026 | 157 pips | -1.30% | 2.7× |
| 1 October 2026 | 153 pips | -1.03% | 2.7× |
| 31 March 2026 | 120 pips | +0.56% | 2.1× |
| 15 July 2026 | 117 pips | +0.66% | 2.0× |
GBP/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 GBP/CHF
GBP/CHF shows how many Swiss francs (CHF) it takes to buy one British pound (GBP). When the price rises, the British pound is strengthening against the Swiss franc.
GBP is issued by the Bank of England. It tends to respond to Bank of England rate decisions, UK inflation and wage data, and UK political and fiscal news.
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 57 pips a day, a stop loss of 17–34 pips is roughly a third to two-thirds of a normal day for GBP/CHF. Always size your position from the stop distance with the lot size calculator.
GBP/CHF FAQ
What is the average daily range of GBP/CHF?
Over the last 90 days GBP/CHF moved an average of 57 pips from high to low each day, about 0.52% of its price. Over the past year the average was 57 pips, and over the last 20 trading days it was 63 pips.
What is the best time to trade GBP/CHF?
In the past year GBP/CHF was most active between 13:00 and 16:00 UTC, and the London session produced the largest average range (43 pips). The quietest hour was 04:00 UTC. Monday was its busiest weekday on average.
What is GBP/CHF most correlated with?
Based on daily returns over the last year, GBP/CHF moved most closely with EUR/CHF (correlation 0.74) and most inversely with EUR/GBP (-0.58).
How much is one pip worth on GBP/CHF?
One pip on GBP/CHF is 0.0001 of the price. For one standard lot (100,000 GBP) 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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