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Major

USD/CHF — “Swissie”

USD/CHF prices the U.S. dollar in Swiss francs. The franc is a traditional safe-haven currency. In January 2015 the Swiss National Bank abruptly removed its EUR/CHF floor, moving the franc by around 20% in minutes and bankrupting several retail brokers — a lasting lesson about leverage and gap risk.

Reference rate

0.8343

Bank of Canada-derived · 2026-09-29

Pip value (10,000 units)

C$1.70

Pip size 0.0001

Most active (ET)

3 a.m.–noon ET.

USD/CHF — last 120 Bank of Canada observations

2026-09-29 → 2026-04-09 · -5.35%

Latest
0.7896
High
0.8343
Low
0.7772

What moves USD/CHF

  • Swiss National Bank policy and interventions
  • Global risk aversion
  • Interest-rate differentials
  • Eurozone developments (via EUR/CHF)

The Canadian angle

The 2015 franc shock is why regulators, including CIRO, care about margin, negative balances and broker capital.

Related: what moves the loonie · pip calculator · market hours

Registered brokers to trade USD/CHF

  1. #1

    Interactive Brokers Canada

    CIRO-registered

    Best for: Experienced, cost-sensitive traders who want forex, futures, options and global stocks in one account

    Platforms
    TradingView
    FX pairs
    100+
    Min. deposit
    $0
    CIPF
    Yes
    9.5/ 10
    Visit siteFull review
  2. #2

    Questrade

    CIRO-registered

    Best for: Canadians who want TFSA/RRSP investing and forex/CFD trading with one Canadian firm

    Platforms
    Proprietary
    FX pairs
    100+
    Min. deposit
    $0
    CIPF
    Yes
    9.4/ 10
    Visit siteFull review
  3. #3

    CMC Markets Canada

    CIRO-registered

    Best for: Traders who want the widest CFD and currency-pair range from a Canadian dealer

    Platforms
    MT4, TradingView
    FX pairs
    150+
    Min. deposit
    $0
    CIPF
    Yes

    ⚠ Alberta residents generally must qualify as accredited investors to trade CFDs.

    8.9/ 10
    Visit siteFull review

Questions

What is one pip worth on USD/CHF in Canadian dollars?

A pip on USD/CHF is 0.0001. On 10,000 units that's 1 CHF, or about C$1.70 at the latest Bank of Canada rate.

When is USD/CHF most active?

3 a.m.–noon ET.

Where can Canadians trade USD/CHF?

Through CIRO-registered dealers that offer forex, such as Interactive Brokers Canada, Questrade, CMC Markets Canada. Leverage on this pair is capped by CIRO margin rates.

Rates are Bank of Canada daily averages (cross rates derived via CAD) for information only — not trading prices or advice. Source: Bank of Canada.