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  #21  
Old 08.01.2015, 12:16
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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Can you please elaborate?

gbp/chf pair is now at 1.5342 for example as shown here

http://www.xe.com/currencycharts/?from=GBP&to=CHF

How am I supposed to write that if not gbp/chf is 1.5342? Please explain what you mean if you have the time.
When you write 1.5342 GBP / CHF, you're saying that for every CHF, you get 1.5342 GBP. Read that carefully - you're saying that a single British pound is worth less than a single Swiss franc.

Rather, the reverse is true - you can convert each GBP into 1.5342 CHF (well, not accounting for fees, anyway). 1 GBP = 1.5342 CHF. To put both currencies on the same side of the equation, you either have 1.5342 CHF divided by 1 GBP (1.5342 CHF / GBP), or 1 GBP divided by 1.5342 CHF (0.6518 GBP / CHF).
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  #22  
Old 08.01.2015, 12:28
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

Thanks so when I search for it in google I type gbp/chf but when I mention it to someone I need to say chf/gbp? That's so confusing.

When I said gbp/chf I thought of it as gbp/chf=1.53.



In any case, when chf/gbp goes above 1.55 I think I'll buy francs. No property for me but better to have my pension in the currency I use everyday than think of currency risks. I think the UK is in a far worse state than depicted in the news and won't take long to show.
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  #23  
Old 08.01.2015, 12:37
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

The way you write the currency pair makes a h*ll of a difference

First thing you learn at my work is to always check the currency pair when you want to buy or sell any currency :-)
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  #24  
Old 08.01.2015, 12:52
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"It may be a good time to buy into Swiss Francs "....
...and then again it might not.

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that would seem to be a long wait, no?
I`m waiting for the Pound to get back to 2.60 so I`ll be waiting even longer.

Last edited by 3Wishes; 08.01.2015 at 14:34. Reason: merging successive posts
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  #25  
Old 08.01.2015, 13:31
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

No crystal ball here, albeit I wish I could predict currency trends. Just wondering whether to buy a heap of euro's using stirling for the summer hols.

On the other hand, it coukd go up even further....
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  #26  
Old 08.01.2015, 14:16
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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No crystal ball here, albeit I wish I could predict currency trends. Just wondering whether to buy a heap of euro's using stirling for the summer hols.

On the other hand, it coukd go up even further....
If I could knew how much any currency would be worth in 3 months I would`t be sitting here whiling away the day on EF
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  #27  
Old 08.01.2015, 14:26
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

What is the point of differentiating between CHF and Euro when it is pegged at 1.2?
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  #28  
Old 08.01.2015, 14:27
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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If I could knew how much any currency would be worth in 3 months I would`t be sitting here whiling away the day on EF
strange, that's probably exactly what i will be doing, on my laptop while sitting in my yacht drinking cocktails and enjoying the sun.
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  #29  
Old 08.01.2015, 14:50
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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What is the point of differentiating between CHF and Euro when it is pegged at 1.2?
The "Peg" can be changed.
To 1.10 for example.
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  #30  
Old 08.01.2015, 14:53
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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strange, that's probably exactly what i will be doing, on my laptop while sitting in my yacht drinking cocktails and enjoying the sun.
Send me a postcard.
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  #31  
Old 08.01.2015, 15:10
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

How about this:

Spend 293.02 CHF to buy a bitcoin

Sell bitcoin for 298.68 USD

Swap 298.68 USD for 302.56 CHF

Repeat until rich?
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  #32  
Old 08.01.2015, 15:43
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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What is the point of differentiating between CHF and Euro when it is pegged at 1.2?
Because it's only "pegged" in one direction - "floored" if you will.
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  #33  
Old 08.01.2015, 21:52
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

How long can the SNB maintain the floor , as the Euro crashes ?
And this is prior to the Greek elections.

http://www.bbc.com/news/business-30728304
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  #34  
Old 08.01.2015, 22:18
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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How long can the SNB maintain the floor , as the Euro crashes ?
And this is prior to the Greek elections.

http://www.bbc.com/news/business-30728304
I suppose they would just raise the floor in one fell swoop to a specific rate. The intent of the floor was as a countermeasure to wild fluctuations due to speculation.
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  #35  
Old 09.01.2015, 09:01
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

more of the same today:
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may-good-time-buy-into-swiss-francs-if-you-re-savings-other-currenc-capture.jpg  
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  #36  
Old 09.01.2015, 12:27
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

Considering that there is a strong possibility for Euro to lose significant value going forward (and CHF along with it because most likely SNB will maintain the current arrangement), now would be a bad time to change your USD/other non-EURO currencies to CHF. You should have been and probably continue to diversify your savings from CHF/Euro to other currencies like USD.

ECB is supposed to be starting quantiative easing whereas the talk in USA is to raise interest rates. Not sure why you would change USD to CHF now in this environment?
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  #37  
Old 09.01.2015, 13:03
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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Considering that there is a strong possibility for Euro to lose significant value going forward (and CHF along with it because most likely SNB will maintain the current arrangement), now would be a bad time to change your USD/other non-EURO currencies to CHF. You should have been and probably continue to diversify your savings from CHF/Euro to other currencies like USD.

ECB is supposed to be starting quantiative easing whereas the talk in USA is to raise interest rates. Not sure why you would change USD to CHF now in this environment?
It comes back to the original context of this thread Wisconsite.
If you are holding saving in other currencies for example USD & you are also looking at long term settlement in Switzerland then now or the near future is a good time to get a favourable fx rate in order to buy a home in Switzerland.

From a pure investment viewpoint maybe less so.
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  #38  
Old 09.01.2015, 13:21
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

It depends how greedy you want to get as well. Yes it has fallen a bit but there's no guarantee it will keep falling.

CHF is also considered a safe haven compared to the EUR isn't it? You don't have to sell at the top but close to it is good enough.

Do people really thing we might have chf/gbp back to 2.0 in the next 1-5 years?
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  #39  
Old 09.01.2015, 13:36
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

1.7/1.8 tops, my guess.
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  #40  
Old 09.01.2015, 13:40
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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When you write 1.5342 GBP / CHF, you're saying that for every CHF, you get 1.5342 GBP. Read that carefully - you're saying that a single British pound is worth less than a single Swiss franc.
.
When a ratio is greater than 1, that surely means the value before the "/" is greater than the value after (for positive real numbers)
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