USD/CHF in 2015
USD/CHF opened 2015 at 1 and closed at 1, a +0.13% move for the year. The high of 1.03 was reached on November 27, and the low of 0.85 on January 16.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 1 | 0.92 | 1.02 | 0.85 | -7.94% |
| Feb | 0.93 | 0.95 | 0.95 | 0.92 | +2.71% |
| Mar | 0.96 | 0.97 | 1.01 | 0.96 | +1.66% |
| Apr | 0.97 | 0.94 | 0.98 | 0.94 | -2.70% |
| May | 0.93 | 0.94 | 0.95 | 0.91 | +0.69% |
| Jun | 0.95 | 0.93 | 0.95 | 0.92 | -1.28% |
| Jul | 0.95 | 0.96 | 0.97 | 0.94 | +1.90% |
| Aug | 0.97 | 0.97 | 0.99 | 0.93 | -0.01% |
| Sep | 0.96 | 0.98 | 0.98 | 0.96 | +1.57% |
| Oct | 0.97 | 0.99 | 0.99 | 0.95 | +1.17% |
| Nov | 0.99 | 1.03 | 1.03 | 0.99 | +4.35% |
| Dec | 1.03 | 1 | 1.03 | 0.98 | -2.71% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
Related Metrics
Get historical context as markets unfold, regime classification, scenario triggers, and analysis in your inbox.