🇨🇭 CHF vs 🇯🇵 JPY: Currency Strength Comparison
Data updated: September 23, 2026
As of September 23, 2026, the Swiss Franc (CHF) is the stronger of the two: over the past 12 months CHF strengthened by 2.9% against JPY.
Adjusted for consumer-price inflation in both economies, CHF gained 5.5% in real terms against JPY over the same period.
CHF relative to JPY
Positive values mean CHF strengthened against JPY.
Performance against 15 major currencies
| Currency | 12-month change vs basket | Rank |
|---|---|---|
| 🇨🇭 Swiss Franc (CHF) | -2% | #11 of 16 |
| 🇯🇵 Japanese Yen (JPY) | -4.9% | #15 of 16 |
Open the interactive CHF/JPY chart →
How this comparison works
Each currency's strength index starts at 100 and accumulates its daily change against 15 other major currencies (a geometric mean of pairwise exchange-rate moves), using European Central Bank reference rates and other official sources. The relative figures above divide CHF's index by JPY's, so they reflect the two currencies' performance against each other while accounting for the whole basket. The real variant additionally adjusts each currency for its domestic CPI inflation.
Read the full methodology →Frequently asked questions
Is CHF stronger than JPY right now?
Measured over the past 12 months, CHF is the stronger currency: CHF gained 2.9% against JPY.
How do CHF and JPY perform against other major currencies?
Against a basket of 15 major currencies over the past 12 months, CHF ranks #11 of 16 (-2%) while JPY ranks #15 (-4.9%).
What does the CHF vs JPY strength comparison show?
Rather than a single exchange rate, this page compares how each currency performed against a basket of 15 major currencies, then derives their relative strength. It filters out moves caused by the other currency alone and shows who is truly stronger.
How often is the data updated?
Every trading day (Monday to Friday), after the European Central Bank publishes its reference rates, usually around 16:00 CET.