The USDCHF is the abbreviation for the U.S. dollar and Swiss franc. The currency pair, also known as the "Swissie" shows the number of Swiss francs (quote currency) needed to purchase one U.S. dollar (base currency). The Swiss franc is often viewed as a safe haven currency due to its tendency towards stability. This largely prevents it from drastic fluctuations in the currency rate. It is for this reason that the USDCHF makes for an ideal option when traders are looking for a more stable investment especially during times of high volatility elsewhere in the globe. The currency pair tends to have a negative correlation with the EUR/USD and GBP/USD because of the positive correlation of the euro, Swiss franc, and the British pound.