Is the Swiss Franc Losing Its Safe Haven Status in 2025?
Is the Swiss Franc losing its safe haven edge in 2025? Explore how Swiss National Bank policy and CHF vs USD performance.
US Dollar / Swiss Franc
USD/CHF · Francs per dollar · ECB reference rate, one fix per business day
0.8179+0.0024+0.29%upDelayed · ECB fix, Nov 5
What moves it
The franc is Europe's haven currency, so this pair falls when continental risk rises. A strong franc imports deflation into Switzerland, which is the Swiss National Bank's standing problem.
Latest coverage
Swiss National Bank (SNB) Makes Bold Move with Third Rate Cut
The Swiss National Bank (SNB) cuts interest rates for the third time this year to address inflation and Swiss franc strength.
Rest of the currencies
| Instrument | Price | Change | % |
|---|---|---|---|
| EUR/USD | 1.1224 | −0.0043 | −0.38%down |
| GBP/USD | 1.3459 | −0.0041 | −0.30%down |
| USD/JPY | 158.46 | +0.21 | +0.13%up |
| AUD/USD | 0.7000 | −0.0015 | −0.21%down |
| USD/CAD | 1.3966 | +0.0031 | +0.22%up |
| NZD/USD | 0.5621 | −0.0016 | −0.28%down |
| Dollar Index | 101.59 | +0.34 | +0.34%up |
Currencies: ECB reference rates, updated each business day; dollar index calculated from them. Commodities and yields: front-month futures, delayed about 15 minutes. Not for trading.