USD/CHF (Swissie): a guide to the dollar-Swiss franc pair
Updated 2026-09-20
What USD/CHF is, why the franc is a safe haven, inverse correlation with EUR/USD and what moves it.
What it is
USD/CHF, called "Swissie", compares the US dollar with the Swiss franc, a traditional safe-haven currency. The Swiss National Bank (SNB) can intervene on the exchange rate.
What moves it
- Risk sentiment: in fearful phases the franc tends to strengthen
- SNB and Fed decisions
- The dollar's strength (DXY) and the correlation with the euro
Correlation
It has a strong inverse correlation with EUR/USD: when the euro rises against the dollar, the dollar tends to fall against the franc. Opening EUR/USD long and USD/CHF long means partly cancelling one side with the other.
Costs
With a dollar account the pip is worth about $10-11 per standard lot. The spread is usually a little higher than EUR/USD.
Live chart
Frequently asked questions
Do USD/CHF and EUR/USD move in the same direction?
Usually not: the correlation is strongly negative, because both are tied to the dollar but in the opposite role of base and quote.
Related entries
Want to compare notes with other traders?
Join the community to share ideas and questions, or the free signal room on Telegram.
Educational content, not financial advice. Trading involves risk.