Forecasts for the Swiss franc change all the time, affected by relative sentiment towards the Swiss economy and the traditional Risk-off flight to safety effect towards the Swiss Franc.
USD/CHF – finished the week at 0.9178, higher than last week’s close at 0.9140. The Dollar hit a weekly high at 0.9200 against the Swiss Franc on Wednesday. Weekly low for USD/CHF was 0.9117 which was hit on Friday. The Swiss Franc, like all the major currencies, was weaker due to broad-based US Dollar strength.
Against the euro the swiss franc is valued not far from where it started the year around Fr1.08 per euro. The franc hit a 1-YEAR-LOW in May 2020 of Fr1.05 per euro but has since recovered in value showing strength to match the resurgent euro.
You can also read our full Foreign Exchange Guide to Switzerland.
Whether the Swiss franc will rise or drop in the future is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate’s relative value is to look at the rate’s history.
For example, the following table looks at the change in the CHF to USD exchange rate to the present day for periods going back 10 years:
19 Jul 2021→
26 Jun 2021→
27 Apr 2021→
26 Jul 2020→
27 Jul 2016→
29 Jul 2011→
CHF/USD 10 year historic rates
Disclaimer: Please note that the currency forecasts and opinions of our authors should not be taken as a reference to buy or sell any financial product.