USD/CHF Calculator

USD/CHF Calculator

Compare the exchange rates for the United States dollar (USD) and Swiss franc (CHF).

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USD/CHF Calculator

USD/CHF Calculator

Compare the exchange rates for the United States dollar (USD) and Swiss franc (CHF).

USD/CHF Calculator

USD/CHF Calculator

Compare the exchange rates for the United States dollar (USD) and Swiss franc (CHF).

Convert USD to CHF

Find competitive exchange rates for USD/CHF and CHF/USD with SwissFx. Use our calculator below.

Convert USD to CHF

Find competitive exchange rates for USD/CHF and CHF/USD with SwissFx. Use our calculator below.

Convert USD to CHF

Find competitive exchange rates for USD/CHF and CHF/USD with SwissFx. Use our calculator below.

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USD/CHF Currency History

See the historical trend for USD/CHF in our chart below.

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USD / CHF

Exchange Rate History

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Important historical events affecting the USD/CHF exchange rates:

As the world’s primary reserve currency, the movements of the US dollar can influence the value of other currencies.

Some of the events that have historically affected the USD/CHF exchange rate include:

Stock market crash: New York, Wall Street, 1929. Hundreds of investors who had panicked and dumped their shares on the market gathered together.

Wall Street crash (1929) & End of the Gold Standard (1934)

When the US stock exchange crashed in 1929 it has a profound impact on the world’s economies, although the impact on Switzerland was slower to materialise.

The Swiss franc was part of the Gold Standard following the appointment of the SNB (Swiss National Bank) as Switzerland’s national bank in 1907. Following the 1929 crash, Switzerland was able to use this as a way to maintain the stability of the Swiss Franc. (SwissInfo). This ended in 1936 because there were only three countries: France, Switzerland and Holland, that were still using it. (Swiss Monetary History since the Early 19th Century ; Baltensperger, Kugler, 2017).

Image: Wikimedia Commons

Wall Street crash (1929) & End of the Gold Standard (1934)

When the US stock exchange crashed in 1929 it has a profound impact on the world’s economies, although the impact on Switzerland was slower to materialise.

State of the Union Speech in the US Capitol

The Nixon Shock (1971)

In 1944 the Bretton Woods system of money management was introduced in 44 countries, including the United States. The system was a version of the Gold Standard, but countries needed to convert their currencies to the US dollar before converting to Gold. Switzerland did not join this system.

President Richard Nixon announced the New Economic Policy on August 15, 1971. The events that followed brought an end of the Bretton Woods System of fixed exchange rates as the US dollar was no longer able to be converted to Gold. (Office of the Historian). This led to an appreciation of the Swiss franc, against the US dollar, which has continued into the 21st century.

Image: Wikimedia Commons

The Nixon Shock (1971)

A petrol station in Oregon, in the autumn of 1973: the petrol pumps are flanked by a sign reading ‘pumps closed’.

The Oil Crisis (1973)

The Arab-Israeli War, or Yom Kippur War was fought from 6th October to 25th October 1973 between Isreal and Arab States coalition. OPEC’s (the organization of Petroleum in Exporting Countries) Arab states organised an embargo against Isreal’s allies and raised prices.

This led to an energy crisis, which sparked an increase in inflation and then triggered a recession in the West, lasting from 1973-1975. The combination of the recession and the stagnation of the economy (a phenomenon kno.wn as “Stagflation”) caused further depreciation of the US dollar against the Swiss Franc.

Image: Wikimedia Commons

The Oil Crisis (1973)

Image: Wikimedia Commons

The Oil Crisis (1973)

Image: Wikimedia Commons

Paul Volcker, the head of the Federal Reserve in 1979

The Volcker Shock (1979)

The average annual rate of inflation in the United States in August 1979 was 9%, following a 3-percentage point rise in the previous 18 months.

Paul Volcker, the head of the Federal Reserve at the time was able to intervene against rising inflation in the United States and even succeeded in reversing it in the early 1980s. By 1983, it had fallen to below 3%.

This policy affected European markets to the extent that it has faced criticism in France and Europe.

Image by Universitätsarchiv St.Gallen | Universität St. Gallen | HSGH 022/000765 | CC-BY-SA 4.0, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=144838913

The Volcker Shock (1979)

The average annual rate of inflation in the United States in August 1979 was 9%, following a 3-percentage point rise in the previous 18 months.

The Plaza Accord (1985) and Louvre Accord (1987)

On 22nd September 1985, an agreement was signed to significantly depreciate the US dollar. It was named “The Plaza Accord” because it took place at the Plaza Hotel in New York city.

The United States, together with France, then West Germany, the United Kingdom and Japan agreed to intervene in the currency markets, to devalue the US dollar against the French franc, Deutsche mark, British pound and Japanese yen. The goal of this intervention was to reduce the large US trade deficit, which had reached 3.5% of GDP at the time of signing.

However, in the first two years following the Plaza Accord, the US trade deficit actually grew rather than reducing, as per the accord’s intentions. In order to halt the continuing devaluation of the US Dollar, what had depreciated by 25% at this point, the Louvre Accord was signed on 22nd of February 1987 in Paris.

Switzerland was not directly involved in either of the Accords, but it continued to appreciate against the US dollar during this period.

Image: Jim Henderson, Wikimedia Commons

The Plaza Accord (1985) and Louvre Accord (1987)

Switzerland was not directly involved in either of the Accords, but it continued to appreciate against the US dollar during this period.

Image: Jim Henderson, Wikimedia Commons

Global financial crisis (2008)

When Lehman Brothers went bankrupt in September 2008, it triggered the worst economic downturn since the great depression in 1929.

There was already a Global Recession at this time, which began in 2007 because of United States housing bubble of the early 2000s, leading to the American subprime mortgage crisis in 2007.

The crisis affected global currency markets, but the US dollar and Euro were the most affected, experiencing sharp depreciation and eventually leading to the European sovereign debt crisis in 2011.

These pressures led to the appreciation of the Swiss franc, which fared better during the crisis and was seen once again as a safe haven. In 2021, the Swiss National Bank (SNB) created a rate floor with the Euro as an intervention, setting a minimum exchange rate of CHF 1.20 per Euro to protect the Swiss economy.

Image: Wikimedia Commons

Global financial crisis (2008)

When Lehman Brothers went bankrupt in September 2008, it triggered the worst economic downturn since the great depression in 1929.

There was already a Global Recession at this time, which began in 2007 because of United States housing bubble of the early 2000s, leading to the American subprime mortgage crisis in 2007.

The crisis affected global currency markets, but the US dollar and Euro were the most affected, experiencing sharp depreciation and eventually leading to the European sovereign debt crisis in 2011.

A one Euro coin shown next to a one Swiss franc coin

Swiss Franc shock (2015)

On January 15th 2015, the SNB chose to remove the Euro peg was removed by the SNB. This sent the markets into shock and the price of EUR/CHF dropped from 1.20 to around 0.85 a few minutes after the removal.

The SNB then introduced further negative interest rates, to curb the appreciation of the Swiss franc in an attempt to disincentive investors from buying it.

Swiss Franc shock (2015)

The SNB then introduced further negative interest rates, to curb the appreciation of the Swiss franc in an attempt to disincentive investors from buying it.

Two people sat facing one another at a table, with the Russian and Ukrainian flags in the background.

Covid 2019 Pandemic (2020-2021), Russo-Ukraine War (2022)

When the Pandemic struck in early 2020, many countries imposed a lockdown, due to the overwhelming impact on healthcare systems and many businesses were forced to close during this period. This had a profound impact on global economies and caused widespread supply chain issues resulting in market volatility and an appreciation of the CHF against the dollar.

On 24th February 2022, Vladimir Putin announced a “special military operation” against Ukraine and sent troops to the Donbas region of Ukraine. European markets experienced volatility due to their proximity to the conflict, and the resulting rising commodities prices that resulted from sanctions against Russian and supply chain disruption in Ukraine.

Covid 2019 Pandemic (2020-2021), Russo-Ukraine War (2022)

Trump’s second term as US President (2005)

Donald Trump began his second term as US president on 20th January 2025. President Trump signed a number of executive orders after taking Office and on April 2nd 2025, he announced “Liberation day” and signed an executive order imposing tariffs on nearly all countries trading with the United States, which was 10% for most, but went as high as 90% for Vietnam.

The stock market crashed after the announcement and Trump announced a 90 day pause on April 9th via Truth Social. During this time countries such as China negotiated reductions to their tariff rate, as well as exemptions for certain goods.

In 2025 the US Dollar fell 12.7% against the Swiss franc, as investors once again looked to safe haven assets amid the volatility of the dollar and this continued into early 2026.

Image: Wikimedia Commons

Trump’s second term as US President (2005)

USD/CHF Frequently Asked Questions

Get the answers to all of your questions related to exchanging the US dollar and Swiss franc.

How does SwissFx generally compare to Swiss banks for USD/CHF exchange rates?

Traditional Swiss banks can apply spreads of 1–3% above the mid-market rate on when converting CHF and USD, plus fixed international transfer fees. SwissFx uses tighter spreads, which on a CHF 10,000 conversion can represent a saving of CHF 100–300 compared with an average Swiss bank. Use the calculator above to see the indicative saving for your specific amount.