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Swiss Franc Trade-Weighted Index, Performance Far Worse than Dollar Index
Published on July 8, 2020
The Swiss Franc index is the trade-weighted currency performance
2020: UpdateOn a three years interval, the Swiss Franc had a weak performance. The dollar index was far stronger. Contrary to popular believe, the CHF index gained only 1.73% in 2020. It lost 9.52% in 2020, when the dollar strongly improved. Swiss Franc Index 2009-2020The CHF Trade-Weighted Index (click link on Unciatrends) shows how the Swissie has moved against a basket of other currencies weighted by their share in the Swiss trade. A similar figure, the export-weighted real exchange rate, can be found equally inside the SNB’s bi-weekly IMF data. Based on the 1999 base year (=100), the October 2020 value was 111.5, the November 2020 value 111.4. |
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| US Dollar converted into Swiss Franc | Swiss Franc converted into US Dollar | Date |
|---|---|---|
| 1 USD = 0.94034 CHF | 1.0634 USD = 1 CHF | on 16/07/2020 |
| 5 USD = 4.7017 CHF | 5.3172 USD = 5 CHF | on 16/07/2020 |
| 10 USD = 9.4034 CHF | 10.634 USD = 10 CHF | on 16/07/2020 |
| 15 USD = 14.105 CHF | 15.952 USD = 15 CHF | on 16/07/2020 |
| 20 USD = 18.807 CHF | 21.269 USD = 20 CHF | on 16/07/2020 |
| 25 USD = 23.509 CHF | 26.586 USD = 25 CHF | on 16/07/2020 |
| 50 USD = 47.017 CHF | 53.172 USD = 50 CHF | on 16/07/2020 |
| 100 USD = 94.034 CHF | 106.34 USD = 100 CHF | on 16/07/2020 |
| 500 USD = 470.17 CHF | 531.7 USD = 500 CHF | on 16/07/2020 |
| 1000 USD = 940.3 CHF | 1063 USD = 1000 CHF | on 16/07/2020 |
| 2500 USD = 2351 CHF | 2659 USD = 2500 CHF | on 16/07/2020 |
| 5000 USD = 4702 CHF | 5317 USD = 5000 CHF | on 16/07/2020 |
| 10000 USD = 9403 CHF | 10634 USD = 10000 CHF | on 16/07/2020 |
| 25000 USD = 23509 CHF | 26586 USD = 25000 CHF | on 16/07/2020 |
| 50000 USD = 47017 CHF | 53172 USD = 50000 CHF | on 16/07/2020 |
| 100000 USD = 94034 CHF | 106345 USD = 100000 CHF | on 16/07/2020 |
| 250000 USD = 235085 CHF | 265861 USD = 250000 CHF | on 16/07/2020 |
| 500000 USD = 470170 CHF | 531723 USD = 500000 CHF | on 16/07/2020 |
| 1000000 USD = 940340 CHF | 1063445 USD = 1000000 CHF | on 16/07/2020 |
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US Dollar/Swiss Franc (USD/CHF) Exchange Rate
USD/CHF Pivot Points
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.9772 | 0.9774 | 0.9776 | 0.9778 | 0.9780 | 0.9782 | 0.9784 |
| Fibonacci | 0.9774 | 0.9776 | 0.9777 | 0.9778 | 0.9780 | 0.9781 | 0.9782 |
| Camarilla | 0.9778 | 0.9778 | 0.9777 | 0.9778 | 0.9777 | 0.9778 | 0.9778 |
| Woodie’s | 0.9771 | 0.9774 | 0.9775 | 0.9778 | 0.9779 | 0.9782 | 0.9783 |
| DeMark’s | – | – | 0.9775 | 0.9778 | 0.9779 | – | – |
USD/CHF Advanced Live Chart
USD/CHF Advanced Live Chart
USD/CHF Advanced Live Chart
USD/CHF Exchange Rate
The Swiss franc denoted CHF (which stands for the Confoederatio Helvetica franc), is the official currency of Switzerland and Liechtenstein. It is used by the Central Bank of Switzerland and is the only version of the franc still issued in Europe.
The Swiss franc can be subdivided into hundredths known as Rappen in German, centime in French, centesimo in Italian and rap in Rhaeto-Romanic.
CHF-Safe Haven
The Swiss franc has long been regarded as a ‘safe haven’ currency, largely because of the country’s tendency towards political neutrality and stability which largely prevents drastic fluctuations in the currency. In addition, Switzerland has consistently served as a secure harbor for international investors as it has maintained a certain degree of bank secrecy and has managed to keep up the franc’s long-term external value. In addition, unemployment in Switzerland has remained at less than half the EU average.
Although this tendency towards stability often creates difficulty in Swiss Franc to US Dollar FX trading analysis, it makes the USD/CHF pair an excellent option during times of volatility elsewhere in the world when traders are specifically looking for a more stable investment.
The USD/CHF Chart
The USD/CHF chart indicates that the Swiss franc has been in a long-term uptrend against the U.S. dollar. Despite this, the CHF has little purchasing power. Goods in Switzerland cost about twice as much as they would in the US. The small purchasing power is made due to the CHF being widely used as a reserve currency by entities throughout the world.
If you’re considering trading USD/CHF our analysis can help you find the right time to invest and to determine when it’s better to stand aside.
USD/CHF Latest Updates
The Swiss Franc has declined for four consecutive days against the U.S. dollar, dropping around 4.05 percent since Tuesday last week.
Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of March 8, 2020 here.
Get the weekly Forex forecast for major currency pairs for the week of February 9, 2020 here.
With fears over the economic damages from the coronavirus easing prematurely, safe-haven demand for the Swiss Franc diminished as the risk-on mood took a dominant role.
US Dollar weakness may be one of the key trends in the Forex market for 2020, but the current sell-off in the world’s top reserve currency appears ripe for a short-term bounce.
Enjoy the few trading days this week with our forecast for major currency pairs here.
USDCHF Analysis: Bullish consolidation above 0.9960
USDCHF Analysis: More bullish still
USDCHF Analysis: Bulls approaching pivotal parity level
USDCHF Analysis: Narrowing triangle formation
USDCHF Analysis: Pivotal point at 0.9925
USDCHF Analysis: Bullish double bottom formation at 0.9873?
USDCHF Analysis: Today’s pivotal point at 0.9915
USDCHF Analysis: More bearish below 0.9886
USDCHF Analysis: CHF is strengthening
USDCHF Analysis: Less bullish
USDCHF Analysis: Bullish breakout above 0.9943
With the slow return of a risk-off mood, the Swiss Franc is attracting bids due to its safe-haven status.
USDCHF Analysis: Bulls pushing toward strong resistance at 0.9945
USDCHF Analysis: Strong resistance likely at 0.9945
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