See Also
Switzerland: A Safe Haven for Businesses and Investors — F Trust AGSafe Haven CurrenciesSwiss franc: Will the record strength last?Swiss Franc to Slump After ‘Remarkable’ SNB Cut, Analysts SayThe Swiss Franc strengthened to below 0.85 per USD, approaching year-to-date lows, benefiting from a general dollar weakness as the latest U.S. jobs report prompted speculation that the Federal Reserve might consider a significant rate cut this month. The U.S. economy added fewer jobs than anticipated in August, with job growth figures for both June and July revised sharply downward. Meanwhile, in Switzerland, the inflation rate dropped to 1.1% in August, marking a five-month low, down from 1.3% in the previous two months and below market expectations of 1.2%. In June, the Swiss National Bank implemented a second consecutive 25 basis point interest rate cut.
The USDCHF decreased 0.0008 or 0.09% to 0.8491 on Friday September 13 from 0.8498 in the previous trading session. Historically, the USDCHF reached an all time high of 4.32 in January of 1971. Swiss Franc - data, forecasts, historical chart - was last updated on September 15 of 2024.
See Also
Why is Switzerland so rich?The USDCHF decreased 0.0008 or 0.09% to 0.8491 on Friday September 13 from 0.8498 in the previous trading session. The Swiss Franc is expected to trade at 0.85 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.86 in 12 months time.
Swiss Franc
The USDCHF spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the CHF. While the USDCHF spot exchange rate is quoted and exchanged in the same day, the USDCHF forward rate is quoted today but for delivery and payment on a specific future date.
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 0.85 | 0.85 | 4.32 | 0.71 | 1971 - 2024 | Daily |
