Safe haven
Where money goes in a crisis
The franc is a classic safe haven. During wars, banking scares and market sell-offs, demand for francs can push USD/CHF lower even when the dollar is also in demand.
USDCHF · Major forex pair
Trade USD/CHF
Trade USD/CHF (USDCHF) on Mega1 or MetaTrader 5 with Pro raw pricing or Standard all-in spreads.
- Maximum leverage
- Up to 500:1*
- Minimum trade
- 0.01 lot
- Contract size
- 100,000 USD
*Exposure-based margin bands apply incrementally per symbol. Availability depends on account, platform and jurisdiction.
USD/CHF
Indicative USDCHF prices · US Dollar / Swiss Franc
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USD/CHF daily indicative candlestick chart is loading.
USD/CHF overview
What is USDCHF? US Dollar against Swiss Franc.
USD/CHF shows how many units of CHF are needed to buy one unit of USD. A rising price means USD is strengthening against CHF; a falling price means the reverse. USDCHF reflects the policy gap between the Federal Reserve and Swiss National Bank, while safe-haven demand and European market risk can also alter flows into the franc.
- Symbol
- USDCHF
- Pip size
- 0.0001
- Price precision
- 5 digits
- Profit currency
- CHF
- Minimum volume
- 0.01 lot
- Volume step
- 0.01 lot
SNB policy
A central bank that intervenes
The Swiss National Bank sets interest rates at quarterly assessments and has a long record of buying or selling foreign currency to steer the franc. Hints about intervention can move the pair as well as rate decisions.
Rate gap
Fed policy and low Swiss rates
Swiss interest rates have long been among the lowest in the world, so shifts in Fed expectations often decide the direction of USD/CHF. US data at 8:30 New York time regularly brings the biggest moves.
Europe
The euro next door
The European Union is Switzerland's largest trading partner, so the franc reacts to European growth and political stress, and the SNB keeps a close eye on EUR/CHF. Trouble in the eurozone tends to send money into francs.
When USD/CHF is most active
USD/CHF trades around the clock from Monday to Friday. It picks up when Zurich and London open and is busiest while London and New York overlap, from about 8:00 to 12:00 New York time. SNB decisions come out in the Zurich morning, but a shock can send investors into francs at any hour. Liquidity is thinnest in the Asian session and around the 17:00 New York rollover.
USD/CHF at a glance
- USD/CHF shows how many Swiss francs one US dollar buys; traders call the pair the Swissie.
- At XBTFX one lot is 100,000 US dollars, and the 0.01-lot minimum trade is $1,000.
- It often moves opposite to EUR/USD, and the franc's link with the euro shows in EUR/CHF, which XBTFX also lists.
Price history
USD/CHF key statistics
From daily mid-price candles, updated November 10, 2026.
Past performance is not a reliable indicator of future results.
Performance
- 1 day
- +0.70%
- 1 week
- +0.72%
- 1 month
- -0.60%
- 3 months
- +1.90%
- 52-week high
- 52-week low
- Average daily rangeLast 20 trading days
- 47.2 pips
Why XBTFX
Why trade USD/CHF with XBTFX
Leverage that fits the trade
Up to 500:1 on USD/CHF, stepping down in published bands as your position grows.
Two account types
Pro and Standard accounts, with every cost for USD/CHF shown on this page before you trade.
Mega1 and MetaTrader 5
Trade in the browser, on desktop or on your phone with Mega1, or use MetaTrader 5.
Crypto or fiat funding
Fund in crypto or fiat, and run your account in US dollars or a crypto base currency such as BTC or USDT.
Two pricing choices
Compare USDCHF spreads and trading costs.
Raw pricing
Pro
Variable spreads from 0.0 pips
- FX commission
- $2.75 per $100k traded
- Platforms
- Mega1 & MetaTrader 5
All-in spread
Standard
Spreads from 1 pip
- FX commission
- No separate commission
- Platforms
- Mega1 & MetaTrader 5
Spreads are variable and can widen. The stated minimum is not a universal or guaranteed spread. Swaps may apply to positions held across rollover. Account and platform availability varies.
Exposure-based margin
How USDCHF leverage and margin bands work.
USD/CHF margin is applied incrementally by the total notional exposure in USDCHF. Crossing a threshold does not reprice the margin already assigned to lower bands; only the additional exposure uses the next rate.
How exposure-based margin worksUSDCHF margin schedulePublished schedule
| Additional notional | Leverage | Margin |
|---|---|---|
| $0–$500K | 500:1 | 0.20% |
| $500K–$2M | 250:1 | 0.40% |
| $2M–$5M | 100:1 | 1.00% |
| $5M–$15M | 50:1 | 2.00% |
| $15M–$50M | 25:1 | 4.00% |
| $50M–∞ | 10:1 | 10.00% |
USD notional bands. The live platform specification remains authoritative.
Contract details
USDCHF contract specifications.
Review volume, carrying-cost and session information before placing a trade. Values below are refreshed from the published XBTFX specification service.
- Contract size
- 100,000 USD
- Minimum / maximum volume
- 0.01 lot / 100 lots
- Volume step
- 0.01 lot
- Quote / profit currency
- CHF
- Swap long
- 4.4 points
- Swap short
- −16.89 points
- Three-day swap
- Friday
- Published session
- 00:00–24:00 platform time
Open full USDCHF specifications
Sessions and swap values may change for holidays, liquidity conditions and scheduled maintenance.
Plan a scenario
Calculate USDCHF profit and pip value before you trade.
For one standard lot of USD/CHF, one pip is 0.0001 and represents 10 CHF in the quote currency. The account-currency result can change with conversion, direction, spread, commission and swaps.
Example pip value 1 lot × 1 pip = 10 CHF Before trading costs Open USD/CHF calculator
Where to trade
Trade USDCHF your way.
Use Mega1 in the browser, on desktop or mobile, or trade through MetaTrader 5.
Start trading
Understand the pair before opening a position.
Why is the Swiss franc a safe haven?
Switzerland combines political neutrality and stability with low inflation, a long-running current-account surplus and large holdings of foreign assets. That record makes the franc a place investors park money in a crisis, although the SNB has at times stepped in to limit its strength.
How much do I need to trade USD/CHF?
The minimum trade is 0.01 lots, or $1,000. At the first-tier leverage of 500:1, the margin for it is $2. Leverage steps down as your exposure grows, and you need more than the margin in your account to absorb moves against you.
Can I go short on the Swiss franc?
Yes, by buying USD/CHF. The franc is the second currency in the pair, so a rising price means a weaker franc. Because the franc can jump in a crisis, a short franc position can lose money quickly, and leverage magnifies the loss.
What was the Swiss franc shock of 2015?
From 2011 the SNB held the franc at no stronger than 1.20 per euro. When it dropped that minimum rate without warning in January 2015, the franc soared within minutes against the euro and the dollar, and prices gapped past many stop orders.
What is USDCHF (USD/CHF)?
USD/CHF is the exchange rate between US Dollar and Swiss Franc. It shows how many units of CHF are required to buy one unit of USD. A rising price indicates USD strength relative to CHF; a falling price indicates the reverse.
What is one pip in USD/CHF?
For USD/CHF, one pip is normally 0.0001. A one-pip move on one standard 100,000-unit lot represents 10 CHF in CHF, before spreads, commission, swaps and any account-currency conversion.
How is USD/CHF leverage applied at XBTFX?
USD/CHF uses published exposure-based margin bands. The schedule is tied to total notional exposure in USDCHF, not the account balance. When exposure crosses a threshold, only the additional portion uses the next margin rate; lower-band exposure keeps its original rate.
Can I trade USD/CHF with Pro or Standard pricing?
Yes. Pro uses raw variable spreads with a separate commission of $2.75 per $100,000 traded on FX. Standard has no separate FX commission and includes the pricing cost in a wider spread. Availability can vary by platform, account and jurisdiction.
Where can I trade USD/CHF with XBTFX?
USD/CHF is available on supported Mega1 and MetaTrader 5 accounts. Check the instrument specification inside the selected platform before trading because sessions, margin and other conditions can change.
Risk warning
CFDs are complex instruments and involve a significant risk of loss due to leverage. Prices are indicative and may differ from executable account prices. Consider whether you understand how CFDs work and whether you can afford the risk. Risk Disclosure Notice
Ready to trade USD/CHF?
Open an XBTFX account, choose Pro or Standard pricing, and access USD/CHF on a supported platform.
