Swiss franc since 2018, weekly · dotted lines: crises and détentes
Swiss franc and geopolitical crises
The franc is a traditional safe haven: it tends to strengthen when tension rises. After the 9 crises tracked by Riftrate since 2018, the Swiss franc moved by -0.4% on average over the next 20 trading days, and rose after 5 of them. Week by week, it shows almost no link (-0.03) with Riftrate.
Latest1.21US dollars per franc · 23 October 2026
After a crisis-0.4%average, 20 trading days
After a détente+0.8%average, 20 trading days
After a jump of Riftrate+0.0%+15 points in a week, 47 cases
Every eventfrom the last close before the event
| Date | Event | Type | After 5 sessions | After 20 sessions |
|---|---|---|---|---|
| 28 February 2026 | Iran war | Crisis | -1.2% | -3.6% |
| 3 January 2026 | US intervention in Venezuela | Crisis | -1.2% | +1.6% |
| 24 June 2025 | Israel–Iran ceasefire | Détente | +2.5% | +2.6% |
| 13 June 2025 | Twelve-Day War | Crisis | -0.6% | +1.9% |
| 13 April 2024 | Iran strikes Israel | Crisis | +0.3% | +0.6% |
| 7 October 2023 | October 7 attack | Crisis | +0.8% | +1.3% |
| 10 March 2023 | Iran–Saudi deal | Détente | +0.7% | +3.6% |
| 24 February 2022 | Russia invades Ukraine | Crisis | -0.4% | -1.5% |
| 15 August 2021 | Fall of Kabul | Crisis | -0.2% | -0.6% |
| 15 September 2020 | Abraham Accords | Détente | -1.0% | -0.8% |
| 3 January 2020 | Soleimani killed | Crisis | -0.0% | +0.8% |
| 12 June 2018 | Singapore summit | Détente | -1.0% | -0.8% |
| 27 April 2018 | Inter-Korean summit | Détente | -1.0% | -0.4% |
| 14 April 2018 | Western strikes on Syria | Crisis | -1.2% | -3.7% |
How to read this. A handful of events is not a law: one large move can drive an average, and markets also move for reasons unrelated to geopolitics. The link with Riftrate is a correlation of weekly changes, not a cause. This page describes the past and is not investment advice.
Data: Board of Governors of the Federal Reserve System, series DEXSZUS, retrieved from FRED, Federal Reserve Bank of St. Louis.