USD to CHF - at what point would you sell?

drmom · #1 08.09.2011, 16:38

Hi!

Well, we weathered past the $1.40/CHF mark but still have our pile of $ that need to be made into CHF for our house purchase. Given the currency market the past few days, I am feeling much better.

So now the question is, when would you sell? Right now it is in $1.15/1.16 neighborhood. Will it get better (say closer to $1.10) within the next couple months or do I cash it in now and be glad?

Quebecman · #2 08.09.2011, 19:42

Play it safe. Say you have 100K to move.
Move 10K per month for the next 10 months.

fatmanfilms · #3 08.09.2011, 20:27

	Quote:	Quebecman
	Play it safe. Say you have 100K to move. Move 10K per month for the next 10 months.

How does that make anything safe, if the rate goes against the OP he will loose, betting with 90% over the next 9 months is speculation,

drmom · #4 08.09.2011, 20:55

firstly, I am a she, but no biggie

Looking at historical charts, the $ was almost always stronger than the CHF. But, does "past performance not indicate future returns" scenario work here? Anyways, we need/want to sell the $ within the next 2 months, so more short term here.

Today's talk (and anticipated talk?) from Bernanke seems to have been pushing the $ stronger, but I have really no clue what I am talking about when it comes to finance! Or is it more (probably) to do with the $ strengthening against the Euro? In some ways my life would be much easier if everything were just 1=1=1! When we went to the US back in '03 (after being in Germany) the dollar was strong, since gone belly up and am wondering if it can ever be strong again?

fatmanfilms · #5 08.09.2011, 20:59

	Quote:	drmom
	firstly, I am a she, but no biggie Looking at historical charts, the $ was almost always stronger than the CHF. But, does "past performance not indicate future returns" scenario work here? Anyways, we need/want to sell the $ within the next 2 months, so more short term here. Today's talk (and anticipated talk?) from Bernanke seems to have been pushing the $ stronger, but I have really no clue what I am talking about when it comes to finance! Or is it more (probably) to do with the $ strengthening against the Euro? In some ways my life would be much easier if everything were just 1=1=1! When we went to the US back in '03 (after being in Germany) the dollar was strong, since gone belly up and am wondering if it can ever be strong again?

The US is the greatest country in the world, I am not American BTW. There is a fairly real possibility the SNB will come unstuck, the CHF could then collapse when the CHF is no longer a safe haven.