Seasonality · CAD/CHF · 12 November 2026
CAD/CHF seasonality: is November bullish for CAD/CHF?
Over the last 14 years (2012 to 2025), CAD/CHF rose in November 7 times, with an average move of −0.44% and a median of −0.43%. December, the month ahead, has risen in 5 of 15 years, −0.81% on average (median −0.67%).
Its best month on average is April (+0.52%, up in 9 of 15) and its worst is January (−1.08%, up in 7 of 15).
The seasonal pattern: average return by month
Monthly seasonal returns, all 12 months
| Month | Average | Median | Up years | Best | Worst | Sample |
|---|---|---|---|---|---|---|
| January | −1.08% | −0.19% | 7 of 15 | +4.96% (2019) | −15.42% (2015) | 2012–2026 |
| February | +0.06% | −0.30% | 5 of 15 | +5.02% (2015) | −2.88% (2018) | 2012–2026 |
| March | +0.19% | +0.41% | 9 of 15 | +4.63% (2021) | −5.47% (2020) | 2012–2026 |
| April | +0.52% | +0.43% | 9 of 15 | +4.57% (2018) | −3.11% (2025) | 2012–2026 |
| May | −0.24% | −0.30% | 7 of 15 | +2.47% (2014) | −2.87% (2015) | 2012–2026 |
| June | −0.38% | −0.51% | 6 of 15 | +2.92% (2017) | −3.04% (2013) | 2012–2026 |
| July | +0.08% | +0.40% | 9 of 15 | +4.63% (2012) | −3.03% (2024) | 2012–2026 |
| August | −0.40% | −0.61% | 5 of 15 | +1.55% (2020) | −2.40% (2018) | 2012–2026 |
| September | +0.03% | −0.26% | 7 of 15 | +3.47% (2023) | −3.86% (2022) | 2012–2026 |
| October | −0.01% | −0.17% | 7 of 15 | +3.29% (2015) | −2.91% (2023) | 2012–2026 |
| November (now) | −0.44% | −0.43% | 7 of 14 | +2.83% (2016) | −4.49% (2022) | 2012–2025 |
| December (next) | −0.81% | −0.67% | 5 of 15 | +3.26% (2011) | −6.15% (2015) | 2011–2025 |
Each month is the last 15 complete years of that month, from the Federal Reserve's daily exchange rates (H.10), month-end to month-end. The month in progress is not counted. History, not a forecast.
CAD/CHF in November, year by year
| November 2025 | +0.37% |
|---|---|
| November 2024 | +1.47% |
| November 2023 | −2.07% |
| November 2022 | −4.49% |
| November 2021 | −2.69% |
| November 2020 | +1.52% |
| November 2019 | +0.23% |
| November 2018 | −1.84% |
| November 2017 | −1.23% |
| November 2016 | +2.83% |
| November 2015 | +2.35% |
| November 2014 | −0.99% |
| November 2013 | −1.68% |
| November 2012 | +0.13% |
Questions
Is November bullish for CAD/CHF?
Over the last 14 years (2012 to 2025), CAD/CHF rose in November 7 times, with an average move of −0.44% and a median of −0.43%. That is no clear lean; the range runs from −4.49% (2022) to +2.83% (2016). A seasonal tendency is history, not a forecast.
What is the best month for CAD/CHF?
Its best month on average is April (+0.52%, up in 9 of 15) and its worst is January (−1.08%, up in 7 of 15). Measured over the last 15 years of each month, from the Federal Reserve's daily exchange rates (H.10), month-end to month-end.
What happens to CAD/CHF in December?
December, the month ahead, has risen in 5 of 15 years, −0.81% on average (median −0.67%).
How reliable is CAD/CHF seasonality?
Fifteen years is fifteen observations per month, so one large year can move an average a long way; the median and the count of up years are steadier. Seasonality is one input among several, and is weighed as one in the terminal's composite score.
More on CAD/CHF: CAD/CHF analysis · CAD/CHF rate differential · CAD/CHF retail sentiment · Canadian Dollar outlook · Canadian Dollar COT positioning · BoC rate expectations · Canadian economic surprises · Swiss Franc outlook · Swiss Franc COT positioning · SNB rate expectations · Swiss economic surprises
Other seasonality: USD/CHF in Nov −0.10% · USD/CAD in Nov +0.34% · EUR/CHF in Nov −0.27% · EUR/CAD in Nov +0.20% · GBP/CHF in Nov +0.43% · GBP/CAD in Nov +0.88% · AUD/CAD in Nov +0.34% · AUD/CHF in Nov −0.11% · CAD/JPY in Nov +0.79% · CHF/JPY in Nov +1.23% · all 39
In WatchTower Terminal, the Seasonality panel draws the CAD/CHF path through the year over 5, 10 and 15 years against this year. Not financial advice.