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1 USD = 0.9967 CHF

1 CHF to USD = 1.0033

Provider Indicative Rate Service Notes Action

Online Exclusive

Horizon Currency
0.9917 Online money transfers only. Strictly no holiday cash requests. Do-it-yourself transfers for easily the best exchange rate in the market.

International Money Transfers

Rational FX
0.9877 International Payments and Transfers Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent.

Cash Delivery / Holiday Money

Travel FX
0.9877 Holiday FX, Cash Delivery 0% Commission

Best Bank Rate

Banks
0.9688 Payments, transfers, holiday money Determined using data on spread charges supplied by IMTI Login to your online bank account

Worst Bank Rate

Banks
0.9618 Payments, transfers, holiday money Determined using data on spread charges supplied by Money Mover and Accourt Login to your online bank account

Airport Pickup

Moneycorp
0.9817 Holiday FX, Cash Delivery Booking Online prior to pickup is the key to getting a good rate

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USD/CHF Live Chart and Data

Exchange Rate History For Converting US Dollar (USD) to Swiss Franc (CHF)

2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012
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Exchange Rate Today for Converting USD To CHF

Convert USD:
To CHF:
1
0.9967
10
9.9670
50
49.8350
100
99.6700
500
498.3500
1,000
996.7000
Convert USD:
To CHF:
2,500
2,491.7500
5,000
4,983.5000
7,500
7,475.2500
10,000
9,967.0000
50,000
49,835.0000
1,00,000
99,670.0000

Exchange Rate History for USD To CHF: 2018

January - 2018

SunMonTueWedThuFriSat
1

Open: 0.9737

Close: 0.9744

Mid: 0.9755

2

Open: 0.9747

Close: 0.9712

Mid: 0.9725

3

Open: 0.9714

Close: 0.9771

Mid: 0.9748

4

Open: 0.9770

Close: 0.9745

Mid: 0.9763

5

Open: 0.9745

Close: 0.9746

Mid: 0.9762

6

Open: 0.9745

Close: 0.9746

Mid: 0.9762

7

Open: 0.9746

Close: 0.9749

Mid: 0.9745

8

Open: 0.9751

Close: 0.9772

Mid: 0.9769

9

Open: 0.9774

Close: 0.9837

Mid: 0.9809

10

Open: 0.9839

Close: 0.9775

Mid: 0.9801

11

Open: 0.9776

Close: 0.9756

Mid: 0.9777

12

Open: 0.9754

Close: 0.9642

Mid: 0.9716

13

Open: 0.9642

Close: 0.9680

Mid: 0.9661

14

Open: 0.9680

Close: 0.9681

Mid: 0.9677

15

Open: 0.9681

Close: 0.9631

Mid: 0.9636

16

Open: 0.9632

Close: 0.9591

Mid: 0.9627

17

Open: 0.9591

Close: 0.9650

Mid: 0.9601

18

Open: 0.9650

Close: 0.9587

Mid: 0.9610

19

Open: 0.9589

Close: 0.9635

Mid: 0.9590

20
21

Open: 0.9610

Close: 0.9615

Mid: 0.9613

22

Open: 0.9616

Close: 0.9620

Mid: 0.9622

23

Open: 0.9621

Close: 0.9566

Mid: 0.9608

24

Open: 0.9568

Close: 0.9464

Mid: 0.9507

25

Open: 0.9463

Close: 0.9417

Mid: 0.9383

26

Open: 0.9417

Close: 0.9324

Mid: 0.9335

27

Open: 0.9417

Close: 0.9324

Mid: 0.9335

28

Open: 0.9341

Close: 0.9336

Mid: 0.9333

29

Open: 0.9336

Close: 0.9374

Mid: 0.9368

30

Open: 0.9374

Close: 0.9346

Mid: 0.9360

31

Open: 0.9346

Close: 0.9312

Mid: 0.9310

February - 2018

SunMonTueWedThuFriSat
1

Open: 0.9312

Close: 0.9259

Mid: 0.9303

2

Open: 0.9259

Close: 0.9311

Mid: 0.9290

3

Open: 0.9311

Close: 0.9311

Mid: 0.9311

4

Open: 0.9311

Close: 0.9312

Mid: 0.9317

5

Open: 0.9312

Close: 0.9312

Mid: 0.9301

6

Open: 0.9314

Close: 0.9361

Mid: 0.9370

7

Open: 0.9360

Close: 0.9427

Mid: 0.9395

8

Open: 0.9425

Close: 0.9351

Mid: 0.9402

9

Open: 0.9351

Close: 0.9397

Mid: 0.9383

10

Open: 0.9397

Close: 0.9397

Mid: 0.9397

11

Open: 0.9397

Close: 0.9396

Mid: 0.9395

12

Open: 0.9396

Close: 0.9386

Mid: 0.9384

13

Open: 0.9388

Close: 0.9352

Mid: 0.9349

14

Open: 0.9353

Close: 0.9275

Mid: 0.9328

15

Open: 0.9276

Close: 0.9222

Mid: 0.9252

16

Open: 0.9220

Close: 0.9276

Mid: 0.9231

17

Open: 0.9276

Close: 0.9276

Mid: 0.9276

18

Open: 0.9276

Close: 0.9272

Mid: 0.9271

19

Open: 0.9271

Close: 0.9294

Mid: 0.9277

20

Open: 0.9293

Close: 0.9363

Mid: 0.9341

21

Open: 0.9364

Close: 0.9385

Mid: 0.9370

22

Open: 0.9387

Close: 0.9330

Mid: 0.9363

23

Open: 0.9331

Close: 0.9366

Mid: 0.9354

24

Open: 0.9366

Close: 0.9367

Mid: 0.9367

25

Open: 0.9368

Close: 0.9371

Mid: 0.9365

26

Open: 0.9371

Close: 0.9385

Mid: 0.9361

27

Open: 0.9387

Close: 0.9395

Mid: 0.9387

28

Open: 0.9394

Close: 0.9444

Mid: 0.9427

March - 2018

SunMonTueWedThuFriSat
1

Open: 0.9443

Close: 0.9414

Mid: 0.9461

2

Open: 0.9413

Close: 0.9380

Mid: 0.9372

3

Open: 0.9380

Close: 0.9380

Mid: 0.9380

4

Open: 0.9380

Close: 0.9371

Mid: 0.9368

5

Open: 0.9370

Close: 0.9398

Mid: 0.9382

6

Open: 0.9398

Close: 0.9382

Mid: 0.9393

7

Open: 0.9381

Close: 0.9435

Mid: 0.9404

8

Open: 0.9434

Close: 0.9514

Mid: 0.9473

9

Open: 0.9514

Close: 0.9511

Mid: 0.9504

10

Open: 0.9514

Close: 0.9511

Mid: 0.9504

11

Open: 0.9494

Close: 0.9508

Mid: 0.9503

12

Open: 0.9508

Close: 0.9470

Mid: 0.9494

13

Open: 0.9474

Close: 0.9435

Mid: 0.9458

14

Open: 0.9437

Close: 0.9444

Mid: 0.9459

15

Open: 0.9444

Close: 0.9513

Mid: 0.9463

16

Open: 0.9515

Close: 0.9516

Mid: 0.9518

17

Open: 0.9515

Close: 0.9516

Mid: 0.9518

18

Open: 0.9525

Close: 0.9528

Mid: 0.9523

19

Open: 0.9530

Close: 0.9511

Mid: 0.9526

20

Open: 0.9513

Close: 0.9559

Mid: 0.9527

21

Open: 0.9560

Close: 0.9485

Mid: 0.9522

22

Open: 0.9484

Close: 0.9464

Mid: 0.9474

23

Open: 0.9466

Close: 0.9462

Mid: 0.9473

24

Open: 0.9463

Close: 0.9462

Mid: 0.9463

25

Open: 0.9462

Close: 0.9469

Mid: 0.9464

26

Open: 0.9479

Close: 0.9449

Mid: 0.9464

27

Open: 0.9451

Close: 0.9463

Mid: 0.9473

28

Open: 0.9465

Close: 0.9566

Mid: 0.9509

29

Open: 0.9566

Close: 0.9561

Mid: 0.9562

30

Open: 0.9561

Close: 0.9540

Mid: 0.9536

31

Open: 0.9540

Close: 0.9540

Mid: 0.9540

April - 2018

SunMonTueWedThuFriSat
1

Open: 0.9540

Close: 0.9545

Mid: 0.9535

2

Open: 0.9561

Close: 0.9551

Mid: 0.9540

3

Open: 0.9552

Close: 0.9584

Mid: 0.9573

4

Open: 0.9584

Close: 0.9601

Mid: 0.9594

5

Open: 0.9601

Close: 0.9621

Mid: 0.9621

6

Open: 0.9622

Close: 0.9591

Mid: 0.9613

7

Open: 0.9591

Close: 0.9591

Mid: 0.9591

8

Open: 0.9591

Close: 0.9593

Mid: 0.9586

9

Open: 0.9593

Close: 0.9561

Mid: 0.9579

10

Open: 0.9560

Close: 0.9562

Mid: 0.9565

11

Open: 0.9563

Close: 0.9572

Mid: 0.9583

12

Open: 0.9574

Close: 0.9623

Mid: 0.9611

13

Open: 0.9624

Close: 0.9618

Mid: 0.9618

14

Open: 0.9624

Close: 0.9618

Mid: 0.9618

15

Open: 0.9618

Close: 0.9630

Mid: 0.9620

16

Open: 0.9631

Close: 0.9593

Mid: 0.9608

17

Open: 0.9595

Close: 0.9666

Mid: 0.9628

18

Open: 0.9665

Close: 0.9686

Mid: 0.9681

19

Open: 0.9685

Close: 0.9715

Mid: 0.9703

20

Open: 0.9716

Close: 0.9744

Mid: 0.9738

21
22

Open: 0.9744

Close: 0.9760

Mid: 0.9747

23

Open: 0.9758

Close: 0.9781

Mid: 0.9762

24

Open: 0.9779

Close: 0.9785

Mid: 0.9787

25

Open: 0.9788

Close: 0.9826

Mid: 0.9815

26

Open: 0.9827

Close: 0.9889

Mid: 0.9846

27

Open: 0.9891

Close: 0.9877

Mid: 0.9895

28

Open: 0.9891

Close: 0.9877

Mid: 0.9895

29

Open: 0.9877

Close: 0.9882

Mid: 0.9878

30

Open: 0.9872

Close: 0.9907

Mid: 0.9896

May - 2018

SunMonTueWedThuFriSat
1

Open: 0.9906

Close: 0.9966

Mid: 0.9935

2

Open: 0.9966

Close: 0.9990

Mid: 0.9966

3

Open: 0.9992

Close: 0.9973

Mid: 0.9977

4

Open: 0.9973

Close: 1.0002

Mid: 1.0005

5
6

Open: 0.9993

Close: 1.0005

Mid: 0.9998

7

Open: 1.0004

Close: 1.0017

Mid: 1.0021

8

Open: 1.0019

Close: 1.0012

Mid: 1.0023

9

Open: 1.0014

Close: 1.0055

Mid: 1.0030

10

Open: 1.0054

Close: 1.0031

Mid: 1.0030

11

Open: 1.0030

Close: 0.9996

Mid: 1.0000

12

Open: 0.9996

Close: 0.9996

Mid: 0.9996

13

Open: 1.0001

Close: 0.9999

Mid: 0.9998

14

Open: 1.0006

Close: 1.0002

Mid: 0.9989

15

Open: 1.0004

Close: 1.0014

Mid: 1.0017

16

Open: 1.0013

Close: 1.0005

Mid: 1.0004

17

Open: 1.0005

Close: 1.0015

Mid: 1.0010

18

Open: 1.0017

Close: 0.9983

Mid: 0.9991

19

Open: 0.9985

Close: 0.9983

Mid: 0.9984

20

Open: 0.9983

Close: 0.9979

Mid: 0.9971

21

Open: 0.9980

Close: 0.9967

Mid: 0.9986

22

Open: 0.9968

Close: 0.9919

Mid: 0.9941

23

Open: 0.9920

Close: 0.9942

Mid: 0.9913

24

Open: 0.9943

Close: 0.9912

Mid: 0.9913

25

Open: 0.9912

Close: 0.9896

Mid: 0.9903

26

Open: 0.9896

Close: 0.9896

Mid: 0.9896

27

Open: 0.9896

Close: 0.9922

Mid: 0.9912

28

Open: 0.9927

Close: 0.9934

Mid: 0.9928

29

Open: 0.9933

Close: 0.9907

Mid: 0.9908

30

Open: 0.9908

Close: 0.9884

Mid: 0.9901

31

Open: 0.9886

Close: 0.9847

Mid: 0.9856

June - 2018

SunMonTueWedThuFriSat
1

Open: 0.9849

Close: 0.9879

Mid: 0.9877

2
3

Open: 0.9882

Close: 0.9886

Mid: 0.9876

4

Open: 0.9892

Close: 0.9881

Mid: 0.9871

5

Open: 0.9882

Close: 0.9842

Mid: 0.9863

6

Open: 0.9842

Close: 0.9856

Mid: 0.9857

7

Open: 0.9860

Close: 0.9809

Mid: 0.9823

8

Open: 0.9808

Close: 0.9856

Mid: 0.9844

9
10

Open: 0.9844

Close: 0.9847

Mid: 0.9847

11

Open: 0.9849

Close: 0.9864

Mid: 0.9865

12

Open: 0.9864

Close: 0.9868

Mid: 0.9844

13

Open: 0.9870

Close: 0.9846

Mid: 0.9869

14

Open: 0.9846

Close: 0.9969

Mid: 0.9899

15

Open: 0.9970

Close: 0.9978

Mid: 0.9982

16

Open: 0.9970

Close: 0.9978

Mid: 0.9982

17

Open: 0.9978

Close: 0.9975

Mid: 0.9977

18

Open: 0.9976

Close: 0.9942

Mid: 0.9959

19

Open: 0.9942

Close: 0.9941

Mid: 0.9941

20

Open: 0.9942

Close: 0.9960

Mid: 0.9957

21

Open: 0.9962

Close: 0.9916

Mid: 0.9948

22

Open: 0.9916

Close: 0.9882

Mid: 0.9888

23

Open: 0.9916

Close: 0.9882

Mid: 0.9888

24

Open: 0.9884

Close: 0.9879

Mid: 0.9877

25

Open: 0.9880

Close: 0.9870

Mid: 0.9875

26

Open: 0.9871

Close: 0.9908

Mid: 0.9891

27

Open: 0.9909

Close: 0.9968

Mid: 0.9933

28

Open: 0.9968

Close: 0.9976

Mid: 0.9975

29

Open: 0.9974

Close: 0.9900

Mid: 0.9947

30

Open: 0.9900

Close: 0.9900

Mid: 0.9900

July - 2018

SunMonTueWedThuFriSat
1

Open: 0.9900

Close: 0.9901

Mid: 0.9918

2

Open: 0.9903

Close: 0.9932

Mid: 0.9929

3

Open: 0.9934

Close: 0.9919

Mid: 0.9936

4

Open: 0.9918

Close: 0.9924

Mid: 0.9926

5

Open: 0.9923

Close: 0.9931

Mid: 0.9920

6

Open: 0.9932

Close: 0.9901

Mid: 0.9916

7

Open: 0.9901

Close: 0.9903

Mid: 0.9902

8

Open: 0.9903

Close: 0.9892

Mid: 0.9897

9

Open: 0.9894

Close: 0.9913

Mid: 0.9901

10

Open: 0.9912

Close: 0.9926

Mid: 0.9926

11

Open: 0.9926

Close: 0.9955

Mid: 0.9938

12

Open: 0.9955

Close: 1.0028

Mid: 0.9991

13

Open: 1.0028

Close: 1.0015

Mid: 1.0031

14

Open: 1.0015

Close: 1.0015

Mid: 1.0015

15

Open: 1.0015

Close: 1.0021

Mid: 1.0013

16

Open: 1.0023

Close: 0.9968

Mid: 0.9977

17

Open: 0.9968

Close: 1.0004

Mid: 0.9972

18

Open: 1.0003

Close: 0.9985

Mid: 1.0008

19

Open: 0.9988

Close: 0.9986

Mid: 1.0002

20

Open: 0.9987

Close: 0.9926

Mid: 0.9961

21
22

Open: 0.9922

Close: 0.9908

Mid: 0.9916

23

Open: 0.9911

Close: 0.9932

Mid: 0.9915

24

Open: 0.9932

Close: 0.9936

Mid: 0.9940

25

Open: 0.9934

Close: 0.9909

Mid: 0.9918

26

Open: 0.9910

Close: 0.9940

Mid: 0.9927

27

Open: 0.9939

Close: 0.9945

Mid: 0.9947

28

Open: 0.9939

Close: 0.9945

Mid: 0.9947

29

Open: 0.9945

Close: 0.9941

Mid: 0.9941

30

Open: 0.9941

Close: 0.9882

Mid: 0.9916

31

Open: 0.9881

Close: 0.9903

Mid: 0.9884

August - 2018

SunMonTueWedThuFriSat
1

Open: 0.9903

Close: 0.9916

Mid: 0.9915

2

Open: 0.9917

Close: 0.9954

Mid: 0.9925

3

Open: 0.9954

Close: 0.9941

Mid: 0.9947

4

Open: 0.9954

Close: 0.9941

Mid: 0.9947

5

Open: 0.9941

Close: 0.9945

Mid: 0.9935

6

Open: 0.9946

Close: 0.9963

Mid: 0.9962

7

Open: 0.9963

Close: 0.9952

Mid: 0.9955

8

Open: 0.9952

Close: 0.9931

Mid: 0.9942

9

Open: 0.9932

Close: 0.9938

Mid: 0.9928

10

Open: 0.9941

Close: 0.9953

Mid: 0.9946

11

Open: 0.9941

Close: 0.9953

Mid: 0.9946

12

Open: 0.9953

Close: 0.9945

Mid: 0.9936

13

Open: 0.9934

Close: 0.9933

Mid: 0.9938

14

Open: 0.9931

Close: 0.9941

Mid: 0.9932

15

Open: 0.9942

Close: 0.9934

Mid: 0.9958

16

Open: 0.9934

Close: 0.9972

Mid: 0.9942

17

Open: 0.9973

Close: 0.9955

Mid: 0.9962

18

Open: 0.9973

Close: 0.9955

Mid: 0.9962

19

Open: 0.9955

Close: 0.9953

Mid: 0.9951

20

Open: 0.9953

Close: 0.9904

Mid: 0.9939

21

Open: 0.9903

Close: 0.9843

Mid: 0.9867

22

Open: 0.9844

Close: 0.9832

Mid: 0.9831

23

Open: 0.9832

Close: 0.9863

Mid: 0.9841

24

Open: 0.9862

Close: 0.9831

Mid: 0.9837

25

Open: 0.9862

Close: 0.9831

Mid: 0.9837

26

Open: 0.9835

Close: 0.9820

Mid: 0.9826

27

Open: 0.9820

Close: 0.9794

Mid: 0.9823

28

Open: 0.9792

Close: 0.9765

Mid: 0.9763

29

Open: 0.9764

Close: 0.9703

Mid: 0.9728

30

Open: 0.9705

Close: 0.9687

Mid: 0.9705

31

Open: 0.9687

Close: 0.9688

Mid: 0.9671

September - 2018

SunMonTueWedThuFriSat
1

Open: 0.9688

Close: 0.9688

Mid: 0.9688

2

Open: 0.9688

Close: 0.9693

Mid: 0.9693

3

Open: 0.9695

Close: 0.9692

Mid: 0.9697

4

Open: 0.9693

Close: 0.9739

Mid: 0.9737

5

Open: 0.9739

Close: 0.9711

Mid: 0.9734

6

Open: 0.9711

Close: 0.9653

Mid: 0.9679

7

Open: 0.9653

Close: 0.9690

Mid: 0.9660

8

Open: 0.9690

Close: 0.9690

Mid: 0.9690

9

Open: 0.9690

Close: 0.9687

Mid: 0.9689

10

Open: 0.9688

Close: 0.9747

Mid: 0.9721

11

Open: 0.9746

Close: 0.9730

Mid: 0.9738

12

Open: 0.9729

Close: 0.9700

Mid: 0.9724

13

Open: 0.9701

Close: 0.9662

Mid: 0.9683

14

Open: 0.9662

Close: 0.9673

Mid: 0.9657

15

Open: 0.9662

Close: 0.9673

Mid: 0.9657

16

Open: 0.9673

Close: 0.9669

Mid: 0.9666

17

Open: 0.9672

Close: 0.9625

Mid: 0.9642

18

Open: 0.9626

Close: 0.9636

Mid: 0.9623

19

Open: 0.9636

Close: 0.9672

Mid: 0.9670

20

Open: 0.9673

Close: 0.9588

Mid: 0.9644

21

Open: 0.9587

Close: 0.9587

Mid: 0.9581

22

Open: 0.9584

Close: 0.9587

Mid: 0.9586

23

Open: 0.9587

Close: 0.9585

Mid: 0.9588

24

Open: 0.9588

Close: 0.9645

Mid: 0.9605

25

Open: 0.9645

Close: 0.9653

Mid: 0.9651

26

Open: 0.9652

Close: 0.9651

Mid: 0.9663

27

Open: 0.9652

Close: 0.9769

Mid: 0.9716

28

Open: 0.9769

Close: 0.9818

Mid: 0.9772

29

Open: 0.9769

Close: 0.9818

Mid: 0.9772

30

Open: 0.9818

Close: 0.9814

Mid: 0.9808

October - 2018

SunMonTueWedThuFriSat
1

Open: 0.9813

Close: 0.9835

Mid: 0.9822

2

Open: 0.9836

Close: 0.9838

Mid: 0.9840

3

Open: 0.9839

Close: 0.9917

Mid: 0.9885

4

Open: 0.9919

Close: 0.9914

Mid: 0.9917

5

Open: 0.9914

Close: 0.9918

Mid: 0.9922

6
7

Open: 0.9915

Close: 0.9914

Mid: 0.9926

8

Open: 0.9915

Close: 0.9923

Mid: 0.9921

9

Open: 0.9922

Close: 0.9917

Mid: 0.9931

10

Open: 0.9918

Close: 0.9881

Mid: 0.9919

11

Open: 0.9882

Close: 0.9899

Mid: 0.9890

12

Open: 0.9898

Close: 0.9918

Mid: 0.9900

13

Open: 0.9898

Close: 0.9918

Mid: 0.9900

14

Open: 0.9891

Close: 0.9908

Mid: 0.9907

15

Open: 0.9908

Close: 0.9870

Mid: 0.9874

16

Open: 0.9870

Close: 0.9905

Mid: 0.9882

17

Open: 0.9903

Close: 0.9950

Mid: 0.9919

18

Open: 0.9948

Close: 0.9957

Mid: 0.9951

19

Open: 0.9957

Close: 0.9958

Mid: 0.9963

20

Open: 0.9957

Close: 0.9958

Mid: 0.9963

21

Open: 0.9957

Close: 0.9963

Mid: 0.9959

22
23
24
25
26
27
28
29
30
31

November - 2018

SunMonTueWedThuFriSat
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2
3
4
5
6
7
8
9
10
11
12
13
14
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16
17
18
19
20
21
22
23
24
25
26
27
28
29
30

December - 2018

SunMonTueWedThuFriSat
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
For full historical data please visit: USD/CHF exchange rate history pages for the past 365 days
For full historical data please visit: USD/CHF exchange rate history pages for the year 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012

USD News and Forecasts from Pound Sterling Live's Editorial Team

The Pound-to-Dollar Rate in the Week Ahead: Range-Bound With Marginal …

The GBP/USD rate is currently trading within a sideways range between a 1.2930 floor and...

Pound-to-Dollar Rate in Danger of Further Losses as "Domestic Pol…

The Pound has handed back all of its October gains over the Dollar heading into...

Pound-to-Dollar Rate: The Fed's Push to Raise Interest Rates above …

The Pound-to-Dollar rate could benefit from the Federal Reserve's (Fed) push to raise its interest rate above the...

The Japanese Yen is Taking the U.S. Dollar's Safe-haven Crown says Rab…

Investors are beginning to favour alternative safe-haven currencies such as the Yen and Swiss Franc...

Rising FX Hedging Costs now a U.S. Dollar Headwind

The high cost of hedging FX positions in the U.S. is leading many foreign bond...

Publications from the US Federal Reserve

Distance and Decline: The Case of Petersburg, Virginia

Petersburg, Virginia, prospered over two centuries as a center of production and trade. However, the city experienced economic difficulties beginning in the 1980s as a large number of layoffs at...

Review of New York Fed studies on the effects of post-crisis banking r…

In 2017, the Federal Reserve Bank of New York initiated a project to examine the effects of post-crisis reforms on bank performance and vulnerability. The project, which was completed in...

The pre-crisis monetary policy implementation framework

This article describes the Federal Reserve’s (“the Fed’s”) operating framework for monetary policy prior to the expansion of the Fed’s balance sheet during the financial crisis. To implement the Fed’s...

Trends in credit basis spreads

Market participants and policymakers were surprised by the large, prolonged dislocations in credit market basis trades during the second half of 2015 and the first quarter of 2016. In this...

Negative swap spreads

Market participants have been surprised by the decline of U.S. interest rate swap rates relative to Treasury yields of equal maturity over the past two years, with interest rate swap...