FX & Commodity Almanac

Currency pair (“swissie”) · cross of two ECB reference rates

What is the USD/CHF reference rate and how has it moved?

The USD/CHF reference rate was 0.82396 on 16 Oct 2026: one USD was worth 0.82396 CHF. That is 3.2% above a year earlier and 83% of the way up its 52-week range. Annualised volatility over the year was 7.0%.

USD/CHF · 16 Oct 2026
0.82396Previous fixing 0.83021 (15 Oct 2026) · ▼ −0.75%
12-month change
▲ +3.2%from 0.79852 on 16 Oct 2025
52-week range
0.76703–0.83528low 10 Feb 2026 · high 1 Oct 2026
Volatility, 1 yr
7.0%annualised; full-year average since 2016: 7.5%

The past twelve months

USD/CHF daily ECB reference rate, past 12 monthsDaily USD/CHF from 16 Oct 2025 (0.79852) to 16 Oct 2026 (0.82396); 52-week high 0.83528 on 1 Oct 2026, low 0.76703 on 10 Feb 2026. 0.760.770.780.790.800.810.820.830.84 NovJanMarMayJulSept
Daily ECB reference fixings, 16 Oct 2025 – 16 Oct 2026 (255 fixings). Yellow dot: latest.

What the record shows

  1. Over the past year USD/CHF has moved about as much as usual: 7.0% annualised volatility against a 7.5% average for full calendar years since 2016. Its calmest full year was 2019 (5.3%) and its busiest 2022 (10.0%).
  2. Since 4 Jan 2016 the rate has ranged from 0.76703 (10 Feb 2026) to 1.03117 (20 Dec 2016). Today's fixing is higher than 13% of the 2,763 daily fixings in that period.
  3. Five years ago, on 15 Oct 2021, the fixing was 0.92475, so the rate is 10.9% below that level. Over one month it is ▲ +0.60% (from 0.81902 on 16 Sept 2026).
  4. The largest single-day move of the past year was on 8 Apr 2026: 0.79969 → 0.78789 (▼ −1.48%).
  5. Read the other way round, 1 CHF was worth 1.21365 USD on 16 Oct 2026 (CHF/USD).

How is the USD/CHF figure on this page produced?

The ECB does not publish USD/CHF; it publishes each currency against the euro. The cross is the ratio of the two: CHF per euro ÷ USD per euro = 0.92720 ÷ 1.12530 = 0.82396 on 16 Oct 2026. Because both legs are fixed at the same moment, the cross is internally consistent, but it can differ slightly from a market quote at 14:10 CET. See how to calculate a cross rate.

Year by year

USD/CHF yearly close, change, high, low, average and volatility
YearCloseChangeHighLowAverageVol.
2026 to date 0.82396 ▲ +3.9% 0.83528 1 Oct 0.76703 10 Feb 0.79784 6.4%
2025 0.79268 ▼ −12.5% 0.91703 14 Jan 0.78711 17 Sept 0.83104 8.0%
2024 0.90596 ▲ +8.1% 0.91550 24 May 0.84307 30 Sept 0.88033 6.9%
2023 0.83801 ▼ −9.2% 0.94182 2 Mar 0.83696 28 Dec 0.89897 8.3%
2022 0.92321 ▲ +1.2% 1.01394 3 Nov 0.91107 14 Jan 0.95513 10.0%
2021 0.91215 ▲ +3.6% 0.94492 1 Apr 0.87705 6 Jan 0.91432 6.3%
2020 0.88029 ▼ −8.9% 0.98496 20 Mar 0.88029 31 Dec 0.93840 7.4%
2019 0.96617 ▼ −1.8% 1.02203 25 Apr 0.96617 31 Dec 0.99372 5.3%
2018 0.98419 ▲ +0.9% 1.00950 13 Nov 0.92412 15 Feb 0.97856 6.6%
2017 0.97574 ▼ −4.2% 1.03052 3 Jan 0.94505 29 Aug 0.98465 7.5%
2016 1.01878 — 1.03117 20 Dec 0.94883 3 May 0.98526 8.8%

Change = last fixing of the year against the last fixing of the previous year (2016 has no prior close in this record). Vol. = annualised standard deviation of daily log changes within the year. 2026 runs to 16 Oct 2026.

Since January 2016

USD/CHF ECB reference rate since January 2016USD/CHF from 0.99936 on 4 Jan 2016 to 0.82396 on 16 Oct 2026; highest 1.03117 on 20 Dec 2016, lowest 0.76703 on 10 Feb 2026. 0.750.800.850.900.951.001.05 201620182020202220242026
ECB reference fixings, thinned to about every fifth fixing for drawing; the tables use every fixing.

Largest one-day moves since 2016

DateFromToMove
11 Nov 20220.987940.95499▼ −3.34%
11 Apr 20250.839110.81544▼ −2.82%
3 Apr 20250.883370.85951▼ −2.70%
5 Aug 20240.870600.84844▼ −2.55%
16 Jun 20221.000380.97519▼ −2.52%

Moves are measured between consecutive ECB fixings, so a move after a holiday can span more than one calendar day.

Sources