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What is the value of USD (US Dollar) / CHF (Swiss franc) on Saturday February 20, 2021

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Get the latest mid-market rate for USD (US Dollar) / CHF (Swiss franc) for Saturday February 20, 2021 right here. 


Saturday February 20, 2021 1 USD (US Dollar) is worth 0.89675 of CHF (Swiss franc) 


Forex pairs explained

Forex trading is inherently risky and there are countless forex pairs to choose from. The only way to make a profit from forex trading is to understand how the market works. Luckily for you the Born2Invest forex team has collated some forex trading tips to get you started.

Forex trades are always made using currency pairs. Whenever you buy one currency you are selling another. In every pair there is a base currency, for example USD (US Dollar) and a quote currency, which would be CHF (Swiss franc).

The price of a currency pair represents the amount of quote currency, or CHF (Swiss franc), that you will need to spend in order to purchase a single unit of USD (US Dollar), the base currency. So using the current example you would need to spend 0.89675 of CHF (Swiss franc) in order to purchase 1 USD (US Dollar).

The three types of forex pairs

Forex pairs can be broadly separated into three categories; the majors, the commodity currencies, and the cross currencies:

  • Major currencies are the most traded currencies on the market. Which currencies make the cut will vary, but almost all lists will include EUR/USD, USD/JPY, GBP/USD, and USD/CHF
  • Commodity currencies are currency pairs where their value is closely tied to a commodity such as oil, coal, or iron ore. Examples include AUD/USD and USD/CAD
  • Cross currencies are currency pairs which don’t include USD. Examples include EUR/GBP and EUR/JPY.

How is cryptocurrency trading different from forex trading?

Cryptocurrency trading shares many similarities to forex trading. Specifically the concepts of currency pairs and high price volatility. That being said there are some key differences. Cryptocurrencies don’t operate like fiat currency and many are tied to a project or product. The crypto market is also highly unregulated, which makes it inherently risky compared to trading forex.

Additionally most cryptocurrency trades happen on exchanges. These are generally unregulated and come with a certain degree of risk that many investors would find unacceptable. One alternative is to trade using a CFD broker which allows crypto pairings, but this means you will not directly own and cryptocurrency you buy.