BCH/USD: what to know
The BCH/USD rate shows how much USD you get for 1 BCH. Right now, 1 BCH buys 255.1300 USD at the mid-market rate. In the other direction, 1 USD is worth 0.003920 BCH.
In the short term BCH is driven mainly by crypto-market sentiment, while USD responds to Fed policy, US growth and global risk appetite.
Bitcoin Cash split from Bitcoin in 2017 to enable cheaper, faster transactions. The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
Over the past 12 months the BCH/USD rate has ranged between 190.1400 and 654.6491 — a change of -56.28% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.