The USD/CHF exchange rate has experienced a pronounced depreciation over the past two decades, declining from 1.25 CHF at the start in 2005 to 0.83 CHF in 2025. This represents a total change of -0.42 CHF, equivalent to a 33.3% decrease over twenty years with a compound annual growth rate of -2.0%. The trading range established a high of 1.25 CHF in 2006 and a low of 0.83 CHF in 2025, reflecting sustained Swiss franc strength. Notably, the largest single movement occurred between 2010 and 2011 when the rate fell 14.9% from 1.04 CHF to 0.89 CHF. This sharp decline underscores periods of significant volatility within the broader downward trajectory.
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Claight forecast CLAIGHT VIEW
The Claight forecast extends the pair toward its 10-year average of 0.9467 CHF using gradual mean reversion (20% per year), a standard baseline for exchange rates that tend to revert toward long-run fair value. Rate paths are volatile and sensitive to interest-rate differentials, inflation and capital flows; this is a baseline, not a point prediction.
Data table
| Year | CHF |
|---|---|
| 2005 | 1.25 |
| 2006 | 1.25 |
| 2007 | 1.20 |
| 2008 | 1.08 |
| 2009 | 1.09 |
| 2010 | 1.04 |
| 2011 | 0.89 |
| 2012 | 0.94 |
| 2013 | 0.93 |
| 2014 | 0.92 |
| 2015 | 0.96 |
| 2016 | 0.99 |
| 2017 | 0.98 |
| 2018 | 0.98 |
| 2019 | 0.99 |
| 2020 | 0.94 |
| 2021 | 0.91 |
| 2022 | 0.96 |
| 2023 | 0.90 |
| 2024 | 0.88 |
| 2025 | 0.83 |
Source: European Central Bank (ECB) euro reference rates, accessed 2026-07-04. Licence: Free with attribution. Claight analysis based on this data.