Cross pair
NZD/CHF: volatility, trading hours and correlation
The New Zealand dollar against the Swiss franc. NZD/CHF has averaged 35 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
- 0.46515 16 October 2026
- Avg daily range
- 35 pips 90 days · 0.76% of price
- 1-year change
- +2.59% NZD stronger vs CHF
- 52-week range
- 0.44680 – 0.48023 Low to high
NZD/CHF over the last 12 months
Daily closes
When NZD/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 NZD/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 3 pips of each other.
Calendar-year performance
% change in NZD/CHF each year, latest year to date
NZD/CHF seasonality
Average % change by calendar month across the last 9 years. November has been the strongest month on average and August the weakest. Seasonality is a tendency, not a forecast.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg change | +0.13% | -0.12% | -0.65% | -0.66% | -0.32% | -0.61% | -0.74% | -1.59% | -0.22% | 0.00% | +1.04% | -0.71% |
| Years up | 56% | 44% | 44% | 44% | 44% | 44% | 33% | 33% | 67% | 44% | 67% | 22% |
NZD/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 NZD/CHF.
| Date | Range | Open to close | × normal day |
|---|---|---|---|
| 5 January 2026 | 81 pips | +0.58% | 2.1× |
| 26 November 2025 | 79 pips | +1.01% | 2.1× |
| 6 May 2026 | 79 pips | +0.68% | 2.1× |
| 28 January 2026 | 73 pips | +1.19% | 1.9× |
| 2 March 2026 | 73 pips | +1.33% | 1.9× |
NZD/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 NZD/CHF
NZD/CHF shows how many Swiss francs (CHF) it takes to buy one New Zealand dollar (NZD). When the price rises, the New Zealand dollar is strengthening against the Swiss franc.
NZD is issued by the Reserve Bank of New Zealand. It tends to respond to Reserve Bank of New Zealand policy, dairy prices and broader risk sentiment.
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 35 pips a day, a stop loss of 11–21 pips is roughly a third to two-thirds of a normal day for NZD/CHF. Always size your position from the stop distance with the lot size calculator.
NZD/CHF FAQ
What is the average daily range of NZD/CHF?
Over the last 90 days NZD/CHF moved an average of 35 pips from high to low each day, about 0.76% of its price. Over the past year the average was 38 pips, and over the last 20 trading days it was 35 pips.
What is the best time to trade NZD/CHF?
In the past year NZD/CHF was most active between 13:00 and 16:00 UTC, and the London session produced the largest average range (21 pips). The quietest hour was 19:00 UTC. Its average range was similar on every weekday.
What is NZD/CHF most correlated with?
Based on daily returns over the last year, NZD/CHF moved most closely with AUD/CHF (correlation 0.72) and most inversely with EUR/NZD (-0.78).
How much is one pip worth on NZD/CHF?
One pip on NZD/CHF is 0.0001 of the price. For one standard lot (100,000 NZD) 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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