10 Worst Performing Currencies of 2024

8. Swiss Franc

1 USD = 0.90 CHF

2024 Returns: -7.3%

Ideally, 2024 should have been a record year for the Swiss franc. Although the year began strongly, interest rates decreased throughout the summer. Falling interest rates, in tandem with wider gaps, made it difficult for the Swiss franc bond market to compete with other currencies. Additionally, in a bid to stimulate the economy, the Swiss National Bank (SNB) slashed its primary interest rate further by half a percentage point to 0.5% in December, the fourth decrease since March 2024, as inflation in the country slowed.