USD/CHF at a glance
- Pip size
- 0.0001The fourth decimal place
- Contract, one standard lot
- 100,000 US dollars1.00 lot; 0.01 lot is a hundredth of it
- Pip value, one standard lot
- $12.0710 Swiss francs a pip, at the sample's last close of 0.82840 on 25 September
- Highest price in the sample
- 0.82979Fri 25 September 2026, 08:41 UK
- Lowest price in the sample
- 0.76001Sun 10 May 2026, 22:49 UK
- Change over the sample
- Up 4.89%First to last price, 26 March to 25 September 2026
- Median daily range
- 49.7 pips0.63% of the previous close
- Average daily range
- 55.7 pips0.70% of the previous close
- Full trading days
- 13117:00 to 17:00 New York, Monday to Friday
How far USD/CHF moves in a day
The median day moved 49.7 pips: half of the 131 full days had a smaller range and half a larger one. The quietest 10% of days moved 32.9 pips or less and the busiest 10% moved 91.1 pips or more. The average, pulled up by the largest days, was 55.7 pips.
By weekday, the median range was largest on Thursdays (59.4 pips) and smallest on Mondays (42.9 pips), from 26 Mondays to Thursdays and 27 Fridays.
| Daily range | Pips | % of previous close |
|---|---|---|
| Median day | 49.7 | 0.63% |
| Average day | 55.7 | 0.70% |
| Quietest 10% of days, up to | 32.9 | 0.42% |
| Busiest 10% of days, from | 91.1 | 1.12% |
| Smallest day | 25.4 | 0.31% |
| Largest day | 158.6 | 1.96% |
The five largest days
| Trading day | Pips |
|---|---|
| Wed 19 August | 158.6 |
| Thu 30 July | 135.7 |
| Thu 30 April | 117.7 |
| Wed 8 April | 112.4 |
| Mon 13 April | 107.8 |
By month, in pips
| Month | Full days | Median | Average |
|---|---|---|---|
| April | 22 | 60.6 | 65.8 |
| May | 21 | 48.8 | 48.2 |
| June | 22 | 45.8 | 54.5 |
| July | 23 | 53.8 | 60.6 |
| August | 21 | 41.9 | 52.8 |
| September (to the 25th) | 19 | 43.9 | 51.1 |
March is left out: the sample holds three full days of it.
USD/CHF hour by hour, in UK time
By median range, the three busiest hours were 15:00 (15.1 pips), 14:00 (13.1) and 13:00 (12.6), and the quietest 00:00 (4.7), 05:00 (4.8) and 04:00 (5.4). Each figure is the median range of one clock hour in UK time, from 97 to 132 weekdays depending on the hour, counting only hours with at least 50 one-minute prices.
The 22:00 UK hour holds the 17:00 New York rollover. In the ten minutes from 22:00, USD/CHF's average range was 14.7 pips, against 10.4 pips for the other fifty minutes of the hour (averages over 90 and 98 weekdays). Ten minutes moved more than the fifty that followed, so a figure for that hour mostly measures the rollover, which is why the 22:00 bar is as tall as the busiest hours. We leave 22:00 out of the busiest and quietest hours for every pair.
USD/CHF by trading session
Sessions here are local business hours, Monday to Friday in each city. By median range, USD/CHF moved most in the New York session (34.4 pips) and least in Tokyo (24.3 pips). Each session is nine hours long and they overlap, so one move can count in two of them; the London and New York overlap is four hours.
| Session | UK hours (BST) | Median range, pips |
|---|---|---|
| Sydney07:00 to 16:00 local | 22:00 to 07:00 | 26.6131 days |
| Tokyo09:00 to 18:00 local | 01:00 to 10:00 | 24.3131 days |
| London08:00 to 17:00 local | 08:00 to 17:00 | 33.5132 days |
| New York08:00 to 17:00 local | 13:00 to 22:00 | 34.4132 days |
| OverlapLondon and New York both open | 13:00 to 17:00 | 27.0132 days |
Where the day's high and low were set
We split each trading day into four UK blocks and counted where its high and its low were set. Out of 131 full days, both the high and the low came most often in 22:00 to 08:00 UK (42 and 60 days). The first block, 22:00 to 08:00, is the longest at ten hours, all of them trading hours; the others are five, four and five hours.
| Block, UK hours | Day's high set | Day's low set |
|---|---|---|
| 22:00 to 08:00Sydney and Tokyo hours | 42 of 131 | 60 of 131 |
| 08:00 to 13:00London morning | 17 of 131 | 15 of 131 |
| 13:00 to 17:00London and New York together | 34 of 131 | 34 of 131 |
| 17:00 to 22:00New York afternoon | 38 of 131 | 22 of 131 |
USD/CHF on NFP, CPI and Fed days
In the 15 minutes after the six US jobs reports (NFP) in the sample, USD/CHF's median range was 45.3 pips, against 6.2 pips in the same 08:30 New York window on 115 other days. After the six CPI releases it was 23.4 pips, and after the four Fed statements 34.7 pips, against 3.5 pips at 14:00 New York on other days.
Each of these figures rests on four to six releases, which is a small sample, so the table below lists every one. 08:30 New York was 13:30 UK and 14:00 was 19:00 UK on every release day here. What each release said is not part of this data.
Every release in the sample
| Date | Release | 15 min | 60 min |
|---|---|---|---|
| Fri 3 Apr13:30 UK | Jobs report (NFP) for March | 53.2 | 53.2 |
| Fri 8 May13:30 UK | Jobs report (NFP) for April | 19.6 | 20.9 |
| Fri 5 Jun13:30 UK | Jobs report (NFP) for May | 33.9 | 51.0 |
| Thu 2 Jul13:30 UK | Jobs report (NFP) for June | 62.2 | 62.2 |
| Fri 7 Aug13:30 UK | Jobs report (NFP) for July | 45.5 | 49.5 |
| Fri 4 Sep13:30 UK | Jobs report (NFP) for August | 45.1 | 45.1 |
| Fri 10 Apr13:30 UK | CPI for March | 16.2 | 25.9 |
| Tue 12 May13:30 UK | CPI for April | 9.4 | 12.7 |
| Wed 10 Jun13:30 UK | CPI for May | 14.7 | 19.8 |
| Tue 14 Jul13:30 UK | CPI for June | 48.9 | 48.9 |
| Wed 12 Aug13:30 UK | CPI for July | 30.6 | 30.6 |
| Fri 11 Sep13:30 UK | CPI for August | 33.4 | 33.4 |
| Wed 29 Apr19:00 UK | Fed statement, 28 and 29 April meeting | 17.5 | 25.6 |
| Wed 17 Jun19:00 UK | Fed statement, 16 and 17 June meeting | 44.9 | 50.9 |
| Wed 29 Jul19:00 UK | Fed statement, 28 and 29 July meeting | 29.9 | 45.6 |
| Wed 16 Sep19:00 UK | Fed statement, 15 and 16 September meeting | 39.5 | 75.7 |
Range in pips in the first 15 and 60 minutes from the release minute.
The overnight range, London and the previous day
We split each trading day at 08:00 UK: the overnight range runs from the start of the day (22:00 UK) to 08:00, and London from 08:00 to 17:00. Over 131 days, London went above the overnight high without breaking the overnight low on 59, broke only the low on 40, broke both on 24 and stayed inside the overnight range on 8. By noon UK, 56 days had broken only the high, 35 only the low, 6 both and 34 neither. The median overnight range was 28.2 pips and the median London range 33.6 pips.
Against the previous day, over 130 days that followed a full day, USD/CHF traded above the previous high but not below the previous low on 53, below the previous low only on 42, through both on 15 and stayed inside the previous day's range on 20.
How USD/CHF moved with other markets
This is the correlation of daily changes, close to close: 129 changes, from the 130 days present in all eight markets from 26 March to 25 September 2026. USD/CHF's strongest positive figure was with USD/CAD (+0.61) and its strongest negative figure with EUR/USD (-0.71).
| Market | Correlation with USD/CHF |
|---|---|
| USD/CAD | +0.61 |
| USD/JPY | +0.51 |
| AUD/USD | -0.49 |
| XAG/USD | -0.52 |
| XAU/USD | -0.63 |
| GBP/USD | -0.65 |
| EUR/USD | -0.71 |
A figure close to +1 means the two markets' daily changes moved together in this sample: a buy on each was close to one larger position, because a losing day on one tended to be a losing day on the other. A figure close to -1 means they moved in opposite directions, so a buy on one and a sell on the other doubles up in the same way. Figures near zero mean the daily moves were mostly unrelated. If you hold two signals at once on markets with a strong figure either way, size them as one trade. Correlations change over time, and six months is one sample.
Our signals on USD/CHF
The results page counts USD/CHF signals in its totals but does not list the pair on its own, so this page does not either. Every closed signal, this pair included, is on the results page.
Tools for USD/CHF
- Pip value calculatorUSD/CHF preselected, in your account currency
- Lot size calculatorUSD/CHF preselected
- Profit calculatorMoney at the stop and each target on USD/CHF
- Margin calculatorThe margin a USD/CHF position needs
- Risk reward calculatorReward against risk for any signal
- Forex market hoursWhich sessions are open now, in your time
Related reading
- How much is a pip worth on EUR/USD?Pip values for every major, including the pairs with the dollar first.
- Forex market hours in UK time, and the week the clocks changeThe sessions and fixed times in UK time, and the clock change weeks.
- Average daily range of the major pairs and gold in 2026Each market's daily range, side by side.
- When each major pair moves, hour by hour (UK time)The busiest and quietest UK hours for each pair.
- Forex correlation table: gold and the major pairs in 2026Which markets moved together, and how closely.
How we measured
We measured every full trading day, 17:00 to 17:00 New York, from one-minute prices, using UK clock hours and medians for typical figures. Every range is the high minus the low, leaving out the first bar after any pause of more than five minutes, whose stitched open carries the price from before the pause.
One-minute prices: GetData free sample, MIT licence, 26 March to 25 September 2026. The full method and its limits.
Every closed signal is on the record
The results page lists each closed VIP signal with its entry, stop, targets and outcome, stops included.
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