Swiss Franc Strength
The Swiss Franc is under pressure, ranking #6 of eight with a score of -17. Interest rates are the main headwind. At around 0.0%, the Swiss Franc pays far less than higher-yielding peers like the dollar or pound, which makes it less attractive to carry-seeking capital. Positioning is supportive: relative to the other majors, large speculators are leaning in favour of the Swiss Franc rather than against it. Markets are relatively calm and risk appetite is healthy, which takes some shine off the Swiss Franc. As a safe-haven currency, it draws less demand when investors are confident enough to chase yield elsewhere. The trend is positive — the score has gained 7 points over recent weeks. On a valuation basis, it looks cheap versus its own one-year range, which may help cushion the downside from here.
What's driving it
Historic Macro Strength Trend
CHF vs the other majors
Strength gap — click for the full pairAll currencies
Click any currency to see its full breakdownResearch on CHF
CHF strength — frequently asked
Is the Swiss Franc (CHF) strong or weak right now?
As of the latest update, the Swiss Franc scores -17 on PIPTHEORY's macro currency strength meter (Slightly Weak), ranking #6 of the 8 major currencies. The score refreshes every 4 hours.
What drives the Swiss Franc?
PIPTHEORY scores the Swiss Franc across five macro factors: interest rates, economic growth, speculative positioning, risk sentiment and commodity exposure. The 'What's driving it' breakdown above shows how each factor is contributing now.
How is CHF currency strength measured?
Each currency is scored from -100 (very weak) to +100 (very strong) relative to the other majors, using a mechanical model. The same inputs always produce the same score, so the reading never contradicts itself from one day to the next.
How often is the CHF strength score updated?
Every four hours, as fresh central-bank, economic and market data is released.