Exchange Rate Calculator

The USD/CHF currency pair, representing the exchange rate between the US Dollar (USD) and the Swiss Franc (CHF), has experienced notable fluctuations over the past few months. As of June 27, 2025, the exchange rate stood at 0.7996, indicating that one US Dollar was equivalent to approximately 0.7996 Swiss Francs. (ycharts.com) This marks a significant decline from earlier in the year, when the pair was trading at higher levels.

Recent Trends and Performance

In the first half of 2025, the USD/CHF pair exhibited a downward trajectory. On January 12, 2025, the exchange rate peaked at 0.9168. Since then, it has depreciated by approximately 12.89%, reaching 0.7986 by June 28, 2025. (exchangerates.org.uk) This decline reflects a strengthening Swiss Franc against the US Dollar over this period.

Factors Influencing the Exchange Rate

Several key factors have contributed to the recent movements in the USD/CHF exchange rate:

Monetary Policies:

• Swiss National Bank (SNB): In March 2025, the SNB reduced its benchmark interest rate by 25 basis points to 1.5%, citing successful inflation containment. This move indicates a potential for further rate cuts, which can influence the attractiveness of the Swiss Franc. (financebrokerage.com)

• Federal Reserve (Fed): The Fed's monetary policy stance, including expectations of rate cuts, has impacted the US Dollar's strength. Market anticipations of a more dovish Fed policy have contributed to the Dollar's depreciation against the Swiss Franc. (tradingeconomics.com)

Economic Indicators:

• United States: The Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred inflation gauge, recorded a 2.8% year-on-year increase in February 2025, aligning with market forecasts. This suggests a potential pause in the Fed's tightening cycle, influencing the USD's performance. (financebrokerage.com)

• Switzerland: The Swiss economy has demonstrated resilience, with low inflation rates and a stable economic environment. These factors have bolstered the Swiss Franc's position as a safe-haven currency.

Global Risk Sentiment:

The Swiss Franc is traditionally viewed as a safe-haven asset due to Switzerland's political neutrality and economic stability. Periods of global economic uncertainty or geopolitical tensions often lead investors to seek refuge in the Swiss Franc, increasing its value relative to the US Dollar. (forex89.com)

Technical Analysis

As of June 28, 2025, the USD/CHF pair was trading below several key moving averages:

• 8-day EMA: 0.81% below

• 21-day EMA: 1.6% below

• 50-day EMA: 2.58% below

• 100-day EMA: 4.16% below

These indicators suggest a prevailing bearish trend. Additionally, the MACD line is below its signal line, indicating negative momentum and confirming the downtrend. (exchangerates.org.uk)

Forecasts and Projections

Analysts have provided various forecasts for the USD/CHF exchange rate:

• Short-Term Forecasts:

  • By September 2025: Expected to reach 0.8296
  • By December 2025: Projected at 0.8234
  • By March 2026: Anticipated at 0.8246

(exchangerates.org.uk)

• Long-Term Forecasts:

  • HSBC: Predicts the USD/CHF exchange rate to stand at 0.9200 by mid-2024 and fall further to 0.9000 by 2026.
  • Economy Forecast Agency (EFA): Projects the exchange rate to be 0.8840 by the end of 2024, 0.8910 by the end of 2025, and 0.8710 by the end of 2026.

(blog.roboforex.com)

Conclusion

The USD/CHF exchange rate has experienced a notable decline in the first half of 2025, influenced by divergent monetary policies, economic indicators, and global risk sentiment. While short-term forecasts suggest a potential rebound, long-term projections indicate a gradual appreciation of the Swiss Franc against the US Dollar. Investors should closely monitor central bank policies, economic data releases, and geopolitical developments to make informed decisions regarding this currency pair.