🇨🇭 CHF vs 🇺🇸 USD: Currency Strength Comparison
Data updated: November 6, 2026
On November 6, 2026, one Swiss Franc bought 1.2212 USD at the official reference rate, so per unit the Swiss Franc is worth more. A higher unit value only reflects how each currency is denominated, not which one is gaining: over the past 12 months CHF weakened by 1.4% against USD, so on momentum the US Dollar (USD) is the stronger of the two.
Adjusted for consumer-price inflation in both economies, CHF gained 1% in real terms against USD over the same period.
CHF relative to USD
Positive values mean CHF strengthened against USD.
CHF vs USD over the last three years
CHF against USD, index 100 on November 6, 2023. A rising line means CHF gained on USD. Dashed: the same, adjusted for consumer-price inflation in both economies. Green dot: 3-year high, red: 3-year low.
- 3-year high: 117.1 on February 10, 2026, when CHF was at its strongest against USD in the period.
- 3-year low: 97.9 on January 14, 2025.
- Now: 109.6, 6.3% below the high and 12% above the low.
- Sharpest one-month move: CHF rose 8.8% against USD between March 26, 2025 and April 22, 2025, around the time of “Trump pauses tariffs after bond selloff” (🇺🇸 April 9, 2025).
What moved CHF and USD
- · 🇺🇸 Senate confirms Warsh as Fed chair — Kevin Warsh is confirmed in the closest Fed chair vote in modern history, succeeding Powell
- · 🇺🇸 Supreme Court strikes down IEEPA tariffs — The Court rules 6-3 that Trump's emergency-powers tariffs exceeded presidential authority
- · 🇨🇭 US-Switzerland cut tariff to 15% — A new framework deal cuts the US tariff on Swiss goods from 39% to 15%
- · 🇺🇸 Fed resumes cutting to 4.00-4.25% — The FOMC restarts its easing cycle after holding rates since December 2024
- · 🇨🇭 US imposes 39% tariff on Switzerland — A 39% US tariff takes effect on Swiss goods, the highest rate on any developed economy
- · 🇨🇭 SNB cuts policy rate to zero — Swiss National Bank cuts to 0.00%, its sixth straight reduction, amid very low inflation
Major central-bank decisions, elections and shocks for the two currencies since November 6, 2023. The interactive chart marks them on the line.
Performance against 15 major currencies
| Currency | 12-month change vs basket | Rank |
|---|---|---|
| 🇨🇭 Swiss Franc (CHF) | -0.4% | #8 of 16 |
| 🇺🇸 US Dollar (USD) | +1.1% | #6 of 16 |
Open the interactive CHF/USD 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 USD'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 USD right now?
It depends on the question. Per unit, 1 CHF = 1.2212 USD (reference rate, November 6, 2026), so the Swiss Franc is worth more. As for which one is gaining, over the past 12 months CHF weakened by 1.4% against USD, so on momentum the US Dollar (USD) is the stronger of the two.
How do CHF and USD perform against other major currencies?
Against a basket of 15 major currencies over the past 12 months, CHF ranks #8 of 16 (-0.4%) while USD ranks #6 (+1.1%).
What does the CHF vs USD 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.