The Swiss franc has been trading around the $0.80 level since mid-June as investors continue to assess the impact of escalating hostilities in the Middle East. Renewed tensions have pushed oil prices higher, prompting markets to reassess the outlook for global growth, inflation, and monetary policy. The Swiss National Bank left its policy rate unchanged at 0% in June, stating that the medium-term inflation outlook had changed little. However, the meeting minutes revealed that policymakers acknowledged geopolitical tensions had increased near-term inflation risks. The SNB also reiterated its willingness to intervene in the foreign exchange market to counter excessive franc appreciation and preserve price stability. Meanwhile, the IMF urged the central bank to remain prepared to adjust interest rates should a stagflation scenario emerge. The Swiss franc has fallen more than 4% against the US dollar since the outbreak of the conflict with Iran and is down 1.6% so far this year.
The USD/CHF exchange rate rose to 0.8170 on July 24, 2026, up 0.01% from the previous session. Over the past month, the Swiss Franc has weakened 0.84%, and is down by 2.77% over the last 12 months. Historically, the USDCHF reached an all time high of 4.32 in January of 1971. Swiss Franc - data, forecasts, historical chart - was last updated on July 24 of 2026.
The USD/CHF exchange rate rose to 0.8170 on July 24, 2026, up 0.01% from the previous session. Over the past month, the Swiss Franc has weakened 0.84%, and is down by 2.77% over the last 12 months. The Swiss Franc is expected to trade at 0.80 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.79 in 12 months time.