Major pair · “Swissie”
USD/CHF: volatility, trading hours and correlation
The US dollar against the Swiss franc. USD/CHF has averaged 54 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
- 0.82387 16 October 2026
- Avg daily range
- 54 pips 90 days · 0.66% of price
- 1-year change
- +3.94% USD stronger vs CHF
- 52-week range
- 0.76040 – 0.83947 Low to high
USD/CHF over the last 12 months
Daily closes
When USD/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 USD/CHF with other pairs, read the most volatile hours in forex.
Average range by weekday
Pips, last 12 months. Thursday is typically busiest and Tuesday quietest.
Calendar-year performance
% change in USD/CHF each year, latest year to date
USD/CHF seasonality
Average % change by calendar month across the last 9 years. September has been the strongest month on average and December the weakest. Seasonality is a tendency, not a forecast.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Avg change | -0.25% | +1.03% | +0.15% | +0.16% | -1.01% | -0.84% | -0.65% | -0.45% | +1.16% | +0.74% | -1.03% | -1.52% |
| Years up | 56% | 78% | 44% | 56% | 11% | 22% | 33% | 33% | 78% | 56% | 33% | 11% |
USD/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 USD/CHF.
| Date | Range | Open to close | × normal day |
|---|---|---|---|
| 27 January 2026 | 180 pips | -1.99% | 3.3× |
| 19 August 2026 | 158 pips | -1.84% | 2.9× |
| 2 March 2026 | 141 pips | +1.53% | 2.5× |
| 30 July 2026 | 136 pips | -1.03% | 2.5× |
| 23 January 2026 | 126 pips | -1.13% | 2.3× |
USD/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 USD/CHF
USD/CHF shows how many Swiss francs (CHF) it takes to buy one US dollar (USD). When the price rises, the US dollar is strengthening against the Swiss franc. Traders often call it “Swissie”.
USD is issued by the Federal Reserve. It tends to respond to Federal Reserve rate expectations, US jobs and inflation data, and global risk appetite, since the dollar is the world’s main reserve and funding currency.
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 54 pips a day, a stop loss of 16–32 pips is roughly a third to two-thirds of a normal day for USD/CHF. Always size your position from the stop distance with the lot size calculator.
USD/CHF FAQ
What is the average daily range of USD/CHF?
Over the last 90 days USD/CHF moved an average of 54 pips from high to low each day, about 0.66% of its price. Over the past year the average was 55 pips, and over the last 20 trading days it was 54 pips.
What is the best time to trade USD/CHF?
In the past year USD/CHF was most active between 13:00 and 16:00 UTC, and the London session produced the largest average range (41 pips). The quietest hour was 04:00 UTC. Thursday was its busiest weekday on average.
What is USD/CHF most correlated with?
Based on daily returns over the last year, USD/CHF moved most closely with CAD/CHF (correlation 0.79) and most inversely with EUR/USD (-0.83).
How much is one pip worth on USD/CHF?
One pip on USD/CHF is 0.0001 of the price. For one standard lot (100,000 USD) 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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