US Dollar / Swiss Franc

USD/CHF Pip Value

Nicknamed 'Swissy', often traded as a relative-safe-haven pair.

USD/CHF — the 'Swissy' — pairs the dollar against the currency markets treat as Europe's safe haven. The pip size is the standard 0.0001, but the quote currency is the Swiss franc, so a standard lot is 10 CHF per pip. Expressing that in a dollar account means converting at the current CHF/USD rate; with the franc near parity to the dollar, pip value sits close to $10 but drifts with the exchange rate.

The pair tends to mirror EUR/USD inversely (when EUR/USD rises, USD/CHF usually falls) because the franc and euro share most of the same European drivers — worth knowing before taking both trades and doubling the same exposure. The franc's safe-haven bid shows up during geopolitical stress and equity-market drawdowns, and the Swiss National Bank has a history of decisive intervention: the 2015 removal of the EUR/CHF floor remains the canonical example of gap risk in FX. Size with stops that respect it.

Base currency
USD
Quote currency
CHF
Pip size
0.0001
Pip value (standard lot)
Depends on the current rate — see calculator
Open in the pip value calculator, pre-filled for USD/CHF

How USD/CHF pip value works

Pip value is the monetary change in a position from a one-pip move in the exchange rate, for a given position size.

pip value (quote currency) = pip size × units traded. USD/CHF uses the standard pip size of 0.0001.

Because the quote currency is CHF (not USD), pip value must be converted at the current CHF/USD rate — enter that rate in the pip value calculator.

Frequently asked questions

What is the pip size for USDCHF?
0.0001 — non-JPY pairs use 0.0001.
What is the pip value for USDCHF?
Pip value depends on the current CHF/USD rate since the quote currency (CHF) isn't USD — use the pip value calculator with today's rate for an exact figure.
What does USDCHF mean?
US Dollar / Swiss Franc: the base currency is USD and the quote (counter) currency is CHF. The price shows how many CHF it takes to buy 1 USD.
What is USDCHF known for?
Nicknamed 'Swissy', often traded as a relative-safe-haven pair.
How do I size a position on USDCHF?
Use the lot size calculator with your account risk % and stop-loss in pips — it applies this pair's pip size automatically.

More forex pair references

See all forex pair references, or size a trade with the pip value calculator and the forex lot size calculator.

Reference last reviewed 2026-06-01. Pip size and quote/base currency conventions rarely change, but always confirm against your broker's contract specs.