USDCHF is a popular major forex pair consisting of the United States dollar (USD) as the base currency and the Swiss franc (CHF) as the quote currency. This trendy pair is a favorite for its large daily trading volume, attractive volatility, and relatively tighter spreads. The USDCHF pair represents how many CHF are needed to purchase one USD.

What is USDCHF?

The USDCHF is a currency pair that shows the exchange rate between the US dollar and the Swiss franc. It depicts the relative value of the currencies. The exchange rate indicates the number of CHFs required to buy one USD. The USDCHF is a major currency pair among the top 10 most actively traded pairs, with USD being the base currency. It is also the world's reserve currency. On the other hand, CHF is the quote currency and is less volatile; that's why it is considered a safe-haven asset. Understanding these mechanisms may help traders who want to find out how to invest in USDCHF.

The central banks of both the underlying countries in the USDCHF pair significantly impact the demand for the pair. Moreover, various other factors also cause fluctuations in the pair's price. These factors include interest rate differentials, the economic condition of the countries, geopolitical uncertainty, etc. Therefore, proper research on the currency pairs is a must to make the right investment decisions.

How does USDCHF work?

The USDCHF is traded in the forex market using various strategies to invest and minimize the risk of potential losses. One of the most popular ways is the diversification of unrelated assets, which fluctuations won't affect each other significantly. Moreover, investors eager to find out how to trade USDCHF can conduct fundamental and technical analyses, presenting a complex landscape of this currency pair. Traders can also try scalping, carry trading, and daily trading.

USDCHF price history

An integral part of the research about a currency pair is tracking its past performance. Knowing how the pair have performed in the past few years might give investors a broader context. That's why here is the last record of the USDCHF pair.

2018

This year commenced when the exchange rate was 0.9745 CHF and ended at 0.9853 CHF. Throughout the year, the exchange rate price saw many fluctuations. However, the year's outstanding exchange rate was 1.0107 CHF on 12th November 2018, and the worst rate was 0.9221 CHF recorded on 15th February 2018. The year's average exchange rate value was 0.9785 CHF.

2019

At the start of the year, USDCHF was at 0.9821, and it was 0.9675 CHF by the year's end. On 8th May 2019, the year's maximum exchange rate of 1.0204 CHF was recorded, and the minimum value of 0.9675 (the year's closing exchange rate). The average exchange rate in 2019 was 0.9935 CHF.

2020

On 1st January 2020, the USDCHF price was 0.9677 CHF; on 31st December 2020, it was 0.8984 CHF. The year's best value was 0.9888 CHF on 19th March, and the worst was 0.8817 CHF on 30th December 2020. The mean of the year was 0.9386 CHF.

2021

At the beginning of the year, USDCHF was at 0.8901 CHF; by its end, it was 0.9117 CHF. The maximum exchange rate for the year was 0.944 CHF on 31st March 2021, and the minimum value was 0.8782 CHF on 6th January 2021. The annual exchange rate of the currency pair was 0.9142 CHF.

2022

On 1st January 2022, the exchange rate was 0.9117 CHF; on 31st December 2022, it raised to 0.9245 CHF. The highest exchange rate value of 1.0134 CHF was observed on 3rd November 2022, and the lowest exchange rate of 0.9112 CHF was recorded on 13th January 2022. The mean currency pair price for the entire year was 0.9548 CHF.

Current USDCHF price

The current USDCHF price is subject to fluctuation due to the volatility of the forex market. Investors can check it on the chart or the SimpleFX Webtrader platform.

Is USDCHF a good investment?

Whether USDCHF is a good investment depends on factors such as interest rates, monetary policies, geopolitical events, etc. The answer depends on analyzing these factors and the potential returns on investment. If the factors are also stable and there are more chances of return, this currency pair brings more interest from investors eager to learn how to invest in forex worldwide.

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