TRADE90
Menu
MONETARY POLICY RESEARCH · RBA / SNB

AUD/CHF Fundamental Analysis

Official policy-rate comparison for Reserve Bank of Australia and Swiss National Bank. Updated from the verified snapshot dated .

Explore all pairs →
BASE · AUD

RBA · Reserve Bank of Australia

4.60%

Cash rate target

Effective 30 Sept 2026

Official RBA rate source ↗
SIGNED BASE − QUOTE GAP
+460 bp
AUD has the higher selected benchmark

Absolute difference: 460 bp

This is not a forecast of the AUD/CHF exchange rate or actual broker swap yield.

QUOTE · CHF

SNB · Swiss National Bank

0.00%

SNB policy rate

Effective 24 Sept 2026

Official SNB rate source ↗

Rates are from the verified 15 Oct 2026 snapshot; updates are currently curated, not live. Review sources, update frequency and licensing →

ECONOMIC COMPARISON

Australia vs Switzerland

Compare inflation, jobs and growth behind AUD/CHF.

Published economic observations, not live prices. Each line keeps its original reporting frequency. Missing observations are not estimated.

Inflation

Headline CPI · year-on-year %

Australia · AUD 2.40%2025 Q1 · Quarterly Older series — latest available observation Refresh failed · saved history
Switzerland · CHF 0.03%Apr 2025 · Monthly Older series — latest available observation Refresh failed · saved history
-0.8%1.6%3.9%6.3%8.6%Oct 21Jan 23Apr 24Jul 25Oct 26Australia: 2022 Q1 · 5.09%Australia: 2022 Q2 · 6.14%Australia: 2022 Q3 · 7.27%Australia: 2022 Q4 · 7.83%Australia: 2023 Q1 · 7.02%Australia: 2023 Q2 · 6.03%Australia: 2023 Q3 · 5.37%Australia: 2023 Q4 · 4.05%Australia: 2024 Q1 · 3.62%Australia: 2024 Q2 · 3.81%Australia: 2024 Q3 · 2.81%Australia: 2024 Q4 · 2.42%Australia: 2025 Q1 · 2.40%Switzerland: Nov 2021 · 1.53%Switzerland: Dec 2021 · 1.53%Switzerland: Jan 2022 · 1.65%Switzerland: Feb 2022 · 2.15%Switzerland: Mar 2022 · 2.39%Switzerland: Apr 2022 · 2.55%Switzerland: May 2022 · 2.94%Switzerland: Jun 2022 · 3.38%Switzerland: Jul 2022 · 3.43%Switzerland: Aug 2022 · 3.45%Switzerland: Sept 2022 · 3.25%Switzerland: Oct 2022 · 3.00%Switzerland: Nov 2022 · 2.96%Switzerland: Dec 2022 · 2.84%Switzerland: Jan 2023 · 3.28%Switzerland: Feb 2023 · 3.37%Switzerland: Mar 2023 · 2.95%Switzerland: Apr 2023 · 2.57%Switzerland: May 2023 · 2.16%Switzerland: Jun 2023 · 1.71%Switzerland: Jul 2023 · 1.61%Switzerland: Aug 2023 · 1.55%Switzerland: Sept 2023 · 1.65%Switzerland: Oct 2023 · 1.69%Switzerland: Nov 2023 · 1.44%Switzerland: Dec 2023 · 1.71%Switzerland: Jan 2024 · 1.28%Switzerland: Feb 2024 · 1.17%Switzerland: Mar 2024 · 1.04%Switzerland: Apr 2024 · 1.37%Switzerland: May 2024 · 1.39%Switzerland: Jun 2024 · 1.33%Switzerland: Jul 2024 · 1.29%Switzerland: Aug 2024 · 1.06%Switzerland: Sept 2024 · 0.84%Switzerland: Oct 2024 · 0.62%Switzerland: Nov 2024 · 0.73%Switzerland: Dec 2024 · 0.63%Switzerland: Jan 2025 · 0.40%Switzerland: Feb 2025 · 0.32%Switzerland: Mar 2025 · 0.34%Switzerland: Apr 2025 · 0.03%

National headline CPI; euro area uses HICP. Baskets and national methods differ. Quarterly readings remain quarterly.

Sources & exact observations

Australia

Organization for Economic Co-operation and Development via FRED ↗

Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Australia · Trade90 calculates year-on-year percentage change from the source index.

Source updated: 2025-05-15 2:17 PM CDT
Retrieved: 2026-10-18

Australia inflation — selected range
PeriodValue
2025 Q12.40%
2024 Q42.42%
2024 Q32.81%
2024 Q23.81%
2024 Q13.62%
2023 Q44.05%
2023 Q35.37%
2023 Q26.03%
2023 Q17.02%
2022 Q47.83%
2022 Q37.27%
2022 Q26.14%
2022 Q15.09%

Switzerland

Organization for Economic Co-operation and Development via FRED ↗

Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Switzerland · Trade90 calculates year-on-year percentage change from the source index.

Source updated: 2025-05-15 2:20 PM CDT
Retrieved: 2026-10-18

Switzerland inflation — selected range
PeriodValue
Apr 20250.03%
Mar 20250.34%
Feb 20250.32%
Jan 20250.40%
Dec 20240.63%
Nov 20240.73%
Oct 20240.62%
Sept 20240.84%
Aug 20241.06%
Jul 20241.29%
Jun 20241.33%
May 20241.39%
Apr 20241.37%
Mar 20241.04%
Feb 20241.17%
Jan 20241.28%
Dec 20231.71%
Nov 20231.44%
Oct 20231.69%
Sept 20231.65%
Aug 20231.55%
Jul 20231.61%
Jun 20231.71%
May 20232.16%
Apr 20232.57%
Mar 20232.95%
Feb 20233.37%
Jan 20233.28%
Dec 20222.84%
Nov 20222.96%
Oct 20223.00%
Sept 20223.25%
Aug 20223.45%
Jul 20223.43%
Jun 20223.38%
May 20222.94%
Apr 20222.55%
Mar 20222.39%
Feb 20222.15%
Jan 20221.65%
Dec 20211.53%
Nov 20211.53%

Unemployment

% of labour force · seasonally adjusted

Australia · AUD 4.65%Aug 2026 · Monthly Refresh failed · saved history
Switzerland · CHF 5.03%2026 Q2 · Quarterly Refresh failed · saved history
-0.5%1.0%2.5%4.1%5.6%Oct 21Jan 23Apr 24Jul 25Oct 26Australia: Nov 2021 · 4.63%Australia: Dec 2021 · 4.21%Australia: Jan 2022 · 4.17%Australia: Feb 2022 · 4.03%Australia: Mar 2022 · 3.99%Australia: Apr 2022 · 3.86%Australia: May 2022 · 3.95%Australia: Jun 2022 · 3.62%Australia: Jul 2022 · 3.46%Australia: Aug 2022 · 3.52%Australia: Sept 2022 · 3.59%Australia: Oct 2022 · 3.43%Australia: Nov 2022 · 3.52%Australia: Dec 2022 · 3.53%Australia: Jan 2023 · 3.66%Australia: Feb 2023 · 3.61%Australia: Mar 2023 · 3.60%Australia: Apr 2023 · 3.71%Australia: May 2023 · 3.60%Australia: Jun 2023 · 3.53%Australia: Jul 2023 · 3.73%Australia: Aug 2023 · 3.66%Australia: Sept 2023 · 3.55%Australia: Oct 2023 · 3.77%Australia: Nov 2023 · 3.93%Australia: Dec 2023 · 3.99%Australia: Jan 2024 · 4.10%Australia: Feb 2024 · 3.74%Australia: Mar 2024 · 3.91%Australia: Apr 2024 · 4.09%Australia: May 2024 · 4.02%Australia: Jun 2024 · 4.05%Australia: Jul 2024 · 4.21%Australia: Aug 2024 · 4.11%Australia: Sept 2024 · 4.00%Australia: Oct 2024 · 4.08%Australia: Nov 2024 · 3.93%Australia: Dec 2024 · 4.00%Australia: Jan 2025 · 4.13%Australia: Feb 2025 · 4.08%Australia: Mar 2025 · 4.09%Australia: Apr 2025 · 4.06%Australia: May 2025 · 4.11%Australia: Jun 2025 · 4.34%Australia: Jul 2025 · 4.26%Australia: Aug 2025 · 4.22%Australia: Sept 2025 · 4.42%Australia: Oct 2025 · 4.32%Australia: Nov 2025 · 4.32%Australia: Dec 2025 · 4.12%Australia: Jan 2026 · 4.08%Australia: Feb 2026 · 4.31%Australia: Mar 2026 · 4.29%Australia: Apr 2026 · 4.50%Australia: May 2026 · 4.39%Australia: Jun 2026 · 4.45%Australia: Jul 2026 · 4.48%Australia: Aug 2026 · 4.65%Switzerland: 2022 Q1 · 4.33%Switzerland: 2022 Q2 · 4.15%Switzerland: 2022 Q3 · 3.97%Switzerland: 2022 Q4 · 4.05%Switzerland: 2023 Q1 · 4.00%Switzerland: 2023 Q2 · 3.96%Switzerland: 2023 Q3 · 4.09%Switzerland: 2023 Q4 · 4.12%Switzerland: 2024 Q1 · 4.12%Switzerland: 2024 Q2 · 4.22%Switzerland: 2024 Q3 · 4.54%Switzerland: 2024 Q4 · 4.49%Switzerland: 2025 Q1 · 4.59%Switzerland: 2025 Q2 · 4.76%Switzerland: 2025 Q3 · 4.93%Switzerland: 2025 Q4 · 5.07%Switzerland: 2026 Q1 · 5.07%Switzerland: 2026 Q2 · 5.03%

OECD labour-force survey measure. Switzerland and New Zealand report quarterly; other economies report monthly. National age coverage can differ.

Sources & exact observations

Australia

Organization for Economic Co-operation and Development via FRED ↗

Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Australia

Source updated: 2026-10-15 3:42 PM CDT
Retrieved: 2026-10-18

Australia unemployment — selected range
PeriodValue
Aug 20264.65%
Jul 20264.48%
Jun 20264.45%
May 20264.39%
Apr 20264.50%
Mar 20264.29%
Feb 20264.31%
Jan 20264.08%
Dec 20254.12%
Nov 20254.32%
Oct 20254.32%
Sept 20254.42%
Aug 20254.22%
Jul 20254.26%
Jun 20254.34%
May 20254.11%
Apr 20254.06%
Mar 20254.09%
Feb 20254.08%
Jan 20254.13%
Dec 20244.00%
Nov 20243.93%
Oct 20244.08%
Sept 20244.00%
Aug 20244.11%
Jul 20244.21%
Jun 20244.05%
May 20244.02%
Apr 20244.09%
Mar 20243.91%
Feb 20243.74%
Jan 20244.10%
Dec 20233.99%
Nov 20233.93%
Oct 20233.77%
Sept 20233.55%
Aug 20233.66%
Jul 20233.73%
Jun 20233.53%
May 20233.60%
Apr 20233.71%
Mar 20233.60%
Feb 20233.61%
Jan 20233.66%
Dec 20223.53%
Nov 20223.52%
Oct 20223.43%
Sept 20223.59%
Aug 20223.52%
Jul 20223.46%
Jun 20223.62%
May 20223.95%
Apr 20223.86%
Mar 20223.99%
Feb 20224.03%
Jan 20224.17%
Dec 20214.21%
Nov 20214.63%

Switzerland

Organization for Economic Co-operation and Development via FRED ↗

Infra-Annual Labor Statistics: Monthly Unemployment Rate Total: 15 Years or over for Switzerland

Source updated: 2026-09-15 3:14 PM CDT
Retrieved: 2026-10-18

Switzerland unemployment — selected range
PeriodValue
2026 Q25.03%
2026 Q15.07%
2025 Q45.07%
2025 Q34.93%
2025 Q24.76%
2025 Q14.59%
2024 Q44.49%
2024 Q34.54%
2024 Q24.22%
2024 Q14.12%
2023 Q44.12%
2023 Q34.09%
2023 Q23.96%
2023 Q14.00%
2022 Q44.05%
2022 Q33.97%
2022 Q24.15%
2022 Q14.33%

Real GDP growth

Quarter-on-quarter % · seasonally adjusted

Australia · AUD 0.42%2026 Q2 · Quarterly Refresh failed · saved history
Switzerland · CHF 1.88%2026 Q2 · Quarterly Refresh failed · saved history
-0.6%0.0%0.7%1.4%2.1%Oct 21Jan 23Apr 24Jul 25Oct 26Australia: 2022 Q1 · 1.00%Australia: 2022 Q2 · 0.90%Australia: 2022 Q3 · 0.46%Australia: 2022 Q4 · 0.85%Australia: 2023 Q1 · 0.57%Australia: 2023 Q2 · 0.35%Australia: 2023 Q3 · 0.37%Australia: 2023 Q4 · 0.03%Australia: 2024 Q1 · 0.34%Australia: 2024 Q2 · 0.17%Australia: 2024 Q3 · 0.27%Australia: 2024 Q4 · 0.44%Australia: 2025 Q1 · 0.39%Australia: 2025 Q2 · 0.78%Australia: 2025 Q3 · 0.50%Australia: 2025 Q4 · 0.91%Australia: 2026 Q1 · 0.29%Australia: 2026 Q2 · 0.42%Switzerland: 2022 Q1 · 0.25%Switzerland: 2022 Q2 · 0.84%Switzerland: 2022 Q3 · 0.59%Switzerland: 2022 Q4 · 0.18%Switzerland: 2023 Q1 · 0.36%Switzerland: 2023 Q2 · -0.34%Switzerland: 2023 Q3 · 0.34%Switzerland: 2023 Q4 · 0.56%Switzerland: 2024 Q1 · -0.02%Switzerland: 2024 Q2 · 0.90%Switzerland: 2024 Q3 · 0.50%Switzerland: 2024 Q4 · 0.39%Switzerland: 2025 Q1 · 0.94%Switzerland: 2025 Q2 · -0.02%Switzerland: 2025 Q3 · -0.41%Switzerland: 2025 Q4 · 0.52%Switzerland: 2026 Q1 · 0.63%Switzerland: 2026 Q2 · 1.88%

Real output growth from the previous quarter, not annualised. Euro area uses the 19-country aggregate. Revisions may change historical values.

Sources & exact observations

Australia

Organization for Economic Co-operation and Development via FRED ↗

National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Australia

Source updated: 2026-10-15 3:41 PM CDT
Retrieved: 2026-10-18

Australia real gdp growth — selected range
PeriodValue
2026 Q20.42%
2026 Q10.29%
2025 Q40.91%
2025 Q30.50%
2025 Q20.78%
2025 Q10.39%
2024 Q40.44%
2024 Q30.27%
2024 Q20.17%
2024 Q10.34%
2023 Q40.03%
2023 Q30.37%
2023 Q20.35%
2023 Q10.57%
2022 Q40.85%
2022 Q30.46%
2022 Q20.90%
2022 Q11.00%

Switzerland

Organization for Economic Co-operation and Development via FRED ↗

National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Switzerland

Source updated: 2026-10-15 3:41 PM CDT
Retrieved: 2026-10-18

Switzerland real gdp growth — selected range
PeriodValue
2026 Q21.88%
2026 Q10.63%
2025 Q40.52%
2025 Q3-0.41%
2025 Q2-0.02%
2025 Q10.94%
2024 Q40.39%
2024 Q30.50%
2024 Q20.90%
2024 Q1-0.02%
2023 Q40.56%
2023 Q30.34%
2023 Q2-0.34%
2023 Q10.36%
2022 Q40.18%
2022 Q30.59%
2022 Q20.84%
2022 Q10.25%

Sources: OECD, Eurostat and the U.S. Bureau of Labor Statistics, retrieved through the Federal Reserve Bank of St. Louis (FRED). Data may be revised. Refresh check: 2026-10-18. Higher or lower readings alone do not determine currency direction.

Market data availability

Expected AUD/CHF Rate Divergence

Market-implied policy-rate differences require validated, appropriately licensed forward inputs for both currencies. No fabricated forecasts.

Checking forward-rate source availability…
Policy calendar · AUD/CHF

Next Major Decisions to Watch

The next scheduled monetary-policy announcement for each of the two central banks in this pair. Dates are official schedules, not forecasts of rate increases or cuts.

AUD · RBAScheduled

Meeting: 2 Nov 2026–3 Nov 2026 · Decision on final day

Monetary Policy Board decision

What to watch

Cash-rate target decision, policy statement and economic outlook

Official RBA calendar ↗
CHF · SNBScheduled

Policy announcement date

Monetary policy assessment

What to watch

SNB policy-rate assessment, inflation outlook and press release

Official SNB calendar ↗

Schedules checked 15 Oct 2026. Central banks may reschedule meetings or announce unscheduled decisions. For the newest schedule, use the linked official calendars.

Official statements · AUD/CHF

Central Bank Policy Outlook & Forward Guidance

Compare what the two central banks have actually communicated. These are dated summaries of official policy, not market-priced rate expectations or trade recommendations.

AUD · RBA
Further tightening possible if needed

RBA raised its cash target and left room for another increase

After raising its cash-rate target to 4.60%, the RBA said inflation was still too high and that it could increase rates further if necessary. Its next decision remains data-dependent.

What could change the outlook?

Australian inflation, wages, employment and evidence of slowing demand

Official Monetary Policy Board decision ↗
CHF · SNB
Rate hold · Conditional inflation outlook

SNB held at zero as its conditional inflation forecast stayed in target

The SNB maintained a 0% policy rate. Its published inflation forecast assumed a constant policy rate and was within its price-stability range; that assumption is not a promise to hold future rates.

What could change the outlook?

Swiss inflation, franc exchange-rate developments and global uncertainty

Official monetary policy assessment ↗

Review date: 16 Oct 2026. Different central-bank statements are not directly comparable forecasts. The next policy decision may materially change the guidance.

Official central-bank publications

Central Bank Policy Updates · AUD/CHF

Only RBA and SNB: official decisions, minutes and policy publications relevant to AUD/CHF. No unrelated currencies.

Last curated review: 15 Oct 2026 · Dated source collection — not a live news feed

2 publications from the two banks in AUD/CHF.

AUD · RBA Rate decision

RBA raises Cash rate target · 4.60%

RBA raised its benchmark rate; Trade90's selected cash rate target is 4.60%. Effective 2026-09-30.

What this publication confirms: Official policy benchmark, not a market-implied future rate.
Official RBA publication ↗
CHF · SNB Rate decision

SNB holds SNB policy rate · 0.00%

SNB kept its benchmark rate unchanged; Trade90's selected snb policy rate is 0.00%. Effective from the decision date.

What this publication confirms: Official policy benchmark, not a market-implied future rate.
Official SNB publication ↗
AUTOMATED OFFICIAL SOURCE WATCH

Recent publication links for AUD/CHF

Links detected from official bank publication channels. A new publication is not necessarily an interest-rate decision and is not a verified policy-rate change.

Loading recent source scan…

Automatically collected links are shown for reference, not verified AI-written summaries or streaming data. For rate and source-quality definitions, see TRADE90's data policy.

AUTOMATIC OFFICIAL SOURCE WATCH

Recently detected central-bank publications

Links detected on official bank websites for AUD/CHF. Titles are from the original sources. TRADE90 does not treat link discovery as confirmation of a new interest rate.

Checking the official-source archive…
Interpretation & sources

What the AUD/CHF Policy-Rate Gap Means

AUD/CHF compares the AUD (Australia) and CHF (Switzerland) monetary-policy benchmarks. AUD has the higher selected official policy-rate benchmark in Trade90's 15 Oct 2026 snapshot. The signed base-minus-quote gap is +460 basis points; this is a comparison of official policy levels, not a currency-price signal.

What could change the relative policy outlook?

For AUD, monitor Australian labour-market data, quarterly inflation and RBA assessments. For CHF, monitor Swiss inflation, franc exchange-rate developments and SNB assessments. A change in future market expectations may move an exchange rate even while the current official policy gap remains unchanged.

Why this gap is not a trade recommendation

Trade90 compares RBA cash rate target against SNB policy rate. Each country defines its policy benchmark differently. The signed difference is not an FX forward, an investable interest-rate spread, or a broker's overnight swap charge.

Current decisions and forward market pricing answer different questions. A CPI or labour-market release can change futures-implied expectations without changing an official benchmark. Trade90 does not infer a buy/sell signal from a policy gap. Read the rate-gap methodology and guide to market-implied expectations.

Latest dated official publications for this pair

Continue your research

Use the forex fundamental analysis checklist to compare the two economies, read how interest-rate differentials work, and model trade risk with the forex position size calculator.

Explore related currency pairs

All 28 pairs →
USD/CHF+387.5 bpGBP/CHF+375 bpAUD/JPY+335 bpNZD/CHF+275 bpEUR/CHF+250 bpAUD/CAD+235 bp