EUR/CHF: Daily Range, Character and Trading Hours
EUR/CHF moves a median of 34 pips per day. Half of all days fall between 22 and 50 pips, and the widest day in our sample reached 157. Every figure below comes from 518 daily bars covering 2024-07-29 to 2026-07-30.
EUR/CHF character: how the pair behaves
The quietest pair in this set by some margin. Both currencies belong to closely linked economies, and the Swiss National Bank has historically resisted franc strength, which compresses the range further.
Measured daily range
- Median daily range: 34 pips
- Typical band (middle 80% of days): 22–50 pips
- Widest single day in sample: 157 pips
- Median close-to-close change: 16 pips; the largest 20% of days exceed 30
- Range of the pair over the whole period: 0.9001–0.9641, a span of 640 pips
The gap between the median range and the widest day is the number worth remembering. A stop sized for a typical day is not a stop sized for the tail, and the tail is where accounts are damaged.
When it trades
European hours, though on many days the distinction hardly matters — the pair simply does not travel far.
Who it suits
Its calm is the trap. The real risk is concentrated in rare central bank decisions, where price gaps rather than travels. Size positions off that scenario, not off an ordinary day.
Sizing a position on EUR/CHF
Sizing from ordinary days is precisely the mistake this pair invites. Its calm makes a tight stop look safe, but the real risk is a policy event where price gaps past the stop entirely. Calculate size from that scenario, not from the median.
Data: 518 daily bars, 1 incomplete bars excluded. The sample is available for download and the method is described in how we run backtests. What actually moves this pair is covered separately in what drives EUR/CHF.
This material is educational and is not individual investment advice. Trading forex carries the risk of losing capital.
Frequently asked questions
Why is EUR/CHF the quietest pair?
Both currencies belong to closely linked economies, and the Swiss National Bank has historically resisted franc strength, which compresses the range further.
What is the real risk in EUR/CHF?
Rare central bank events, where price gaps rather than travels. The 2015 removal of the euro floor is the reference case, and ordinary daily statistics give no warning of such events.
How should I size a position in EUR/CHF?
From the gap scenario, not from an ordinary day. The pair's calm makes tight stops look safe while the actual risk sits in events where stops do not fill at their stated price.
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