Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation
Reply
 
Thread Tools Display Modes
  #1  
Old 08.01.2015, 09:51
Horatio Gonzales's Avatar
Senior Member
 
Join Date: Feb 2014
Location: Luzern
Posts: 340
Groaned at 3 Times in 3 Posts
Thanked 93 Times in 52 Posts
Horatio Gonzales has earned some respectHoratio Gonzales has earned some respect
It may be a good time to buy into Swiss Francs if you're savings are in other currenc

A lot of us on this forum have spent time outside of Switzerland & are likely to hold savings in other currencies.

Also some of us have fallen in love with this country & would like to settle here.

If the above are both true for you then you might see now or the near future as an opportunity to take your savings from abroad & bring them into Switzerland to buy a property.

The Euro & by extension the Swiss Franc are cheap right now relative to historical prices against many other currencies. USD for example.
Attached Thumbnails
may-good-time-buy-into-swiss-francs-if-you-re-savings-other-currenc-capture.jpg  

Last edited by Horatio Gonzales; 08.01.2015 at 09:51. Reason: typo
Reply With Quote
The following 5 users would like to thank Horatio Gonzales for this useful post:
  #2  
Old 08.01.2015, 10:18
Ace1's Avatar
A singular modality
 
Join Date: Sep 2011
Location: Engelberg & near Basel
Posts: 5,857
Groaned at 167 Times in 120 Posts
Thanked 8,899 Times in 3,983 Posts
Ace1 has a reputation beyond reputeAce1 has a reputation beyond reputeAce1 has a reputation beyond reputeAce1 has a reputation beyond reputeAce1 has a reputation beyond reputeAce1 has a reputation beyond repute
Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

Quote:
View Post
The Euro & by extension the Swiss Franc are cheap right now relative to historical prices against many other currencies. USD for example.
Well, USD, yes, compared to last five years. But against Euro and GBP it's not really significantly different across that period, apart from the brief dip in 2011 before the SNB announced their rate peg.

Me, I'm still waiting until it gets back to >2chf/gbp or 1.5 Eu/gbp before I bring the rest of my capital over here. I may be waiting for some time...
Reply With Quote
This user would like to thank Ace1 for this useful post:
  #3  
Old 08.01.2015, 10:21
Forum Legend
 
Join Date: Aug 2009
Location: Vaud
Posts: 3,619
Groaned at 456 Times in 291 Posts
Thanked 2,949 Times in 1,473 Posts
CorsebouTheReturn has a reputation beyond reputeCorsebouTheReturn has a reputation beyond reputeCorsebouTheReturn has a reputation beyond reputeCorsebouTheReturn has a reputation beyond reputeCorsebouTheReturn has a reputation beyond repute
Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

I'm lost in the logic...

You are saying that other currency are at the lowest value against CHF, and yet you advise to "change it now" for (less) CHF??



Is that not the opposite which should happen, buy other currencies now since the CHF worth "more" (only if you change/ or compare to another currency, now)
Reply With Quote
The following 2 users would like to thank CorsebouTheReturn for this useful post:
  #4  
Old 08.01.2015, 10:24
Jern's Avatar
Forum Veteran
 
Join Date: Feb 2008
Location: Bern
Posts: 907
Groaned at 11 Times in 10 Posts
Thanked 1,091 Times in 470 Posts
Jern has a reputation beyond reputeJern has a reputation beyond reputeJern has a reputation beyond reputeJern has a reputation beyond repute
Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

Quote:
View Post
A lot of us on this forum have spent time outside of Switzerland & are likely to hold savings in other currencies.

Also some of us have fallen in love with this country & would like to settle here.

If the above are both true for you then you might see now or the near future as an opportunity to take your savings from abroad & bring them into Switzerland to buy a property.

The Euro & by extension the Swiss Franc are cheap right now relative to historical prices against many other currencies. USD for example.
Don't forget that there are good reasons why the Euro (and therefore the CHF) are dropping in value. Some people think that the current trend still has a way to go.
Reply With Quote
The following 2 users would like to thank Jern for this useful post:
  #5  
Old 08.01.2015, 10:29
Horatio Gonzales's Avatar
Senior Member
 
Join Date: Feb 2014
Location: Luzern
Posts: 340
Groaned at 3 Times in 3 Posts
Thanked 93 Times in 52 Posts
Horatio Gonzales has earned some respectHoratio Gonzales has earned some respect
Quote:
View Post
I'm lost in the logic...

You are saying that other currency are at the lowest value against CHF, and yet you advise to "change it now" for (less) CHF??



Is that not the opposite which should happen, buy other currencies now since the CHF worth "more" (only if you change/ or compare to another currency, now)
On July 13 2014 1USD = ~CHF0.89
Today 1USD = ~CHF1.015

If you buy Swiss Francs today you get more Franc for your buck.

Quote:
View Post
Don't forget that there are good reasons why the Euro (and therefore the CHF) are dropping in value. Some people think that the current trend still has a way to go.
Absolutely Jern.

Last edited by 3Wishes; 08.01.2015 at 14:31. Reason: merging successive posts
Reply With Quote
  #6  
Old 08.01.2015, 10:41
Loz1983's Avatar
Forum Veteran
 
Join Date: Mar 2008
Location: Zürich
Posts: 1,062
Groaned at 295 Times in 172 Posts
Thanked 5,154 Times in 1,845 Posts
Loz1983 has a reputation beyond reputeLoz1983 has a reputation beyond reputeLoz1983 has a reputation beyond reputeLoz1983 has a reputation beyond reputeLoz1983 has a reputation beyond reputeLoz1983 has a reputation beyond repute
Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

Wow! I do believe you've invented currency speculation!
Reply With Quote
The following 9 users would like to thank Loz1983 for this useful post:
  #7  
Old 08.01.2015, 10:42
Forum Legend
 
Join Date: Aug 2009
Location: Vaud
Posts: 3,619
Groaned at 456 Times in 291 Posts
Thanked 2,949 Times in 1,473 Posts
CorsebouTheReturn has a reputation beyond reputeCorsebouTheReturn has a reputation beyond reputeCorsebouTheReturn has a reputation beyond reputeCorsebouTheReturn has a reputation beyond reputeCorsebouTheReturn has a reputation beyond repute
Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

Quote:
View Post
On July 13 2014 1USD = ~CHF0.89
Today 1USD = ~CHF1.015

If you buy Swiss Francs today you get more Franc for your buck.
I see, so it's the CHF which is weaker VS USD.I get it now.

Ok so it's valid for USD, but not necessarily for Euros to CHF since we are having a "strong franc". From an historical point of view, right now it's artificially maintained at a "stronger than historical value" of approx 1 euros= 1.20chf. It used to be 1 euros= 1.50chf or something like that.

On the other hand its kind of a gamble. For example, CHF vs Russian Roubles: now you can get much more roubles with your chf. But will the rouble will even "get back a higher value", we don't know! If so, when?

It seems like gambling to me.
Reply With Quote
The following 2 users would like to thank CorsebouTheReturn for this useful post:
  #8  
Old 08.01.2015, 10:44
Horatio Gonzales's Avatar
Senior Member
 
Join Date: Feb 2014
Location: Luzern
Posts: 340
Groaned at 3 Times in 3 Posts
Thanked 93 Times in 52 Posts
Horatio Gonzales has earned some respectHoratio Gonzales has earned some respect
Quote:
View Post
Wow! I do believe you've invented currency speculation!
'fraid not. Just highlighting a potential opportunity for the right people.

Quote:
View Post
I see, so it's the CHF which is weaker VS USD.I get it now.

Ok so it's valid for USD, but not necessarily for Euros to CHF since we are having a "strong franc". From an historical point of view, right now it's artificially maintained at a "stronger than historical value" of approx 1 euros= 1.20chf. It used to be 1 euros= 1.50chf or something like that.

On the other hand its kind of a gamble. For example, CHF vs Russian Roubles: now you can get much more roubles with your chf. But will the rouble will even "get back a higher value", we don't know! If so, when?

It seems like gambling to me.
Absolutely agree with your Rouble example however if you are looking at Switzerland as your future home rather than just making a speculative play on currencies then the case you mentioned above is less of a concern.

Last edited by 3Wishes; 08.01.2015 at 14:31. Reason: merging successive posts
Reply With Quote
  #9  
Old 08.01.2015, 10:49
Forum Legend
 
Join Date: Aug 2009
Location: Vaud
Posts: 3,619
Groaned at 456 Times in 291 Posts
Thanked 2,949 Times in 1,473 Posts
CorsebouTheReturn has a reputation beyond reputeCorsebouTheReturn has a reputation beyond reputeCorsebouTheReturn has a reputation beyond reputeCorsebouTheReturn has a reputation beyond reputeCorsebouTheReturn has a reputation beyond repute
Quote:
View Post
Absolutely agree with your Rouble example however if you are looking at Switzerland as your future home rather than just making a speculative play on currencies then the case you mentioned above is less of a concern.
Hehe i'm affraid no-

Because "Switzerland homes" have been artificially raising values in the last few years, and might lose a lot of value soon.

Ex: average Swiss property prices in most cantons have raise approx +55% in the last 7 years.

Medias, Investors, banks, are telling to be careful about investing in properties now.


So I agree with step 1 about currency USD to CHF, but step 2 (buying property) is another big gamble right now.

Quote:
View Post
'fraid not. Just highlighting a potential opportunity for the right people.
Or highlighting a potential financial disaster for the unfortunate people

Last edited by 3Wishes; 08.01.2015 at 14:32. Reason: merging successive posts
Reply With Quote
This user would like to thank CorsebouTheReturn for this useful post:
  #10  
Old 08.01.2015, 10:51
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 11,478
Groaned at 246 Times in 157 Posts
Thanked 13,334 Times in 5,679 Posts
Phil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond repute
Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

I think the CHF is high right now, and the upside is being limited by the SNB ceiling price, so now is a good time to change your CHF into dollars while you can get a lot of them before the USD costs even more.
Reply With Quote
The following 2 users would like to thank Phil_MCR for this useful post:
  #11  
Old 08.01.2015, 10:56
roegner's Avatar
Forum Legend
 
Join Date: May 2011
Location: Zurich
Posts: 3,038
Groaned at 87 Times in 65 Posts
Thanked 3,068 Times in 1,571 Posts
roegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond reputeroegner has a reputation beyond repute
Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

Agree. I just bought some EUR against CHF. Not for speculation but for the simple reason I need EUR in the coming months (buying a house in Germany) and the CHF is nicely "cheap" right now.
Reply With Quote
This user would like to thank roegner for this useful post:
  #12  
Old 08.01.2015, 10:59
Horatio Gonzales's Avatar
Senior Member
 
Join Date: Feb 2014
Location: Luzern
Posts: 340
Groaned at 3 Times in 3 Posts
Thanked 93 Times in 52 Posts
Horatio Gonzales has earned some respectHoratio Gonzales has earned some respect
@ Phil MCR: Sure, if holding your savings in USD works for you while living here.

I was trying to frame the topic for the context of people living in Switzerland with a long term view to stay here who currently hold saving in currencies where there is currently a favourable exchange rate.

Quote:
View Post
Hehe i'm affraid no-

Because "Switzerland homes" have been artificially raising values in the last few years, and might lose a lot of value soon.

Ex: average Swiss property prices in most cantons have raise approx +55% in the last 7 years.

Medias, Investors, banks, are telling to be careful about investing in properties now.


So I agree with step 1 about currency USD to CHF, but step 2 (buying property) is another big gamble right now.
I take your point however that is still viewing your house as an investment rather than a home.
I also understand that it is oversimplistic to view your home as just that & not take account of the value fluctuation.

There's a balance there somewhere, right?

Just sayin' like.

Last edited by 3Wishes; 08.01.2015 at 14:33. Reason: merging successive posts
Reply With Quote
  #13  
Old 08.01.2015, 11:10
Troublawesome's Avatar
Forum Veteran
 
Join Date: Mar 2014
Location: Zug
Posts: 721
Groaned at 124 Times in 75 Posts
Thanked 583 Times in 271 Posts
Troublawesome is considered unworthyTroublawesome is considered unworthyTroublawesome is considered unworthyTroublawesome is considered unworthy
Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

I have been thinking of moving my UK pension here for a while and with the strong pound now it seems like a good idea I think.

Anything above 1.55 gbp/chf seems reasonable enough.
Reply With Quote
This user would like to thank Troublawesome for this useful post:
  #14  
Old 08.01.2015, 11:15
Jern's Avatar
Forum Veteran
 
Join Date: Feb 2008
Location: Bern
Posts: 907
Groaned at 11 Times in 10 Posts
Thanked 1,091 Times in 470 Posts
Jern has a reputation beyond reputeJern has a reputation beyond reputeJern has a reputation beyond reputeJern has a reputation beyond repute
Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

Quote:
View Post
Anything above 1.55 gbp/chf seems reasonable enough.
Wow! It could be a while before the CHF is that strong.
Reply With Quote
This user would like to thank Jern for this useful post:
  #15  
Old 08.01.2015, 11:17
Troublawesome's Avatar
Forum Veteran
 
Join Date: Mar 2014
Location: Zug
Posts: 721
Groaned at 124 Times in 75 Posts
Thanked 583 Times in 271 Posts
Troublawesome is considered unworthyTroublawesome is considered unworthyTroublawesome is considered unworthyTroublawesome is considered unworthy
Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

You mean like last Friday? It was 1.551 then.
Reply With Quote
  #16  
Old 08.01.2015, 11:39
Forum Veteran
 
Join Date: Oct 2014
Location: Lausanne
Posts: 717
Groaned at 11 Times in 9 Posts
Thanked 326 Times in 228 Posts
Tinkiwinki has earned some respectTinkiwinki has earned some respect
Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

Thanks for posting Horatio

I agree with your long term view. I used to have a lot of USD and took it all to CHF as it became an high risk investment with all politics mixed up in valuation. This was too high risk for me with the turmoil in FX the last years.

Many of us already are exposed to exchange rate changes as some rent out a house in EU or US or own equity or just invested in Google or FB.
Reply With Quote
This user would like to thank Tinkiwinki for this useful post:
  #17  
Old 08.01.2015, 11:42
Troublawesome's Avatar
Forum Veteran
 
Join Date: Mar 2014
Location: Zug
Posts: 721
Groaned at 124 Times in 75 Posts
Thanked 583 Times in 271 Posts
Troublawesome is considered unworthyTroublawesome is considered unworthyTroublawesome is considered unworthyTroublawesome is considered unworthy
Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

The point is valid though that CHF might have further to fall yet against USD and GBP. The closer to the Greek elections it gets, the further down it might go if the polls keep showing SYRIZA winning with a big margin.

If you plan to do some exchange in the following weeks I'd wait for one of those events to happen and exploit any spikes down.
Reply With Quote
This user would like to thank Troublawesome for this useful post:
  #18  
Old 08.01.2015, 11:57
Corbets's Avatar
Forum Legend
 
Join Date: Mar 2007
Location: Zug, CH
Posts: 2,836
Groaned at 155 Times in 111 Posts
Thanked 5,380 Times in 1,838 Posts
Corbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond reputeCorbets has a reputation beyond repute
Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

Quote:
View Post
I have been thinking of moving my UK pension here for a while and with the strong pound now it seems like a good idea I think.

Anything above 1.55 gbp/chf seems reasonable enough.
Quote:
View Post
You mean like last Friday? It was 1.551 then.
If you're going to speculate on the currency markets, learning how to read and write the exchange rates would probably be a useful time investment. ;-)
Reply With Quote
The following 5 users would like to thank Corbets for this useful post:
This user groans at Corbets for this post:
  #19  
Old 08.01.2015, 12:00
mhk mhk is offline
Member
 
Join Date: Jan 2011
Location: Zurich
Posts: 163
Groaned at 0 Times in 0 Posts
Thanked 33 Times in 19 Posts
mhk has made some interesting contributions
Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

Quote:
View Post
Me, I'm still waiting until it gets back to >2chf/gbp or 1.5 Eu/gbp before I bring the rest of my capital over here. I may be waiting for some time...
that would seem to be a long wait, no?
Reply With Quote
  #20  
Old 08.01.2015, 12:04
Troublawesome's Avatar
Forum Veteran
 
Join Date: Mar 2014
Location: Zug
Posts: 721
Groaned at 124 Times in 75 Posts
Thanked 583 Times in 271 Posts
Troublawesome is considered unworthyTroublawesome is considered unworthyTroublawesome is considered unworthyTroublawesome is considered unworthy
Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

Quote:
View Post
If you're going to speculate on the currency markets, learning how to read and write the exchange rates would probably be a useful time investment. ;-)
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.
Reply With Quote
This user would like to thank Troublawesome for this useful post:
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
If you have an account LloydsTSB you may be in for a shock BaselLife Finance/banking/taxation 33 16.03.2016 00:49
If you're thinking about heading out to shoppi-tivoli today, you may want to... chrisinzurich Daily life 0 01.05.2013 12:40
I'm a Travel industry professional & might be able to help you if you're nice... Hausamsee Commercial 10 28.03.2013 14:06
If you are marrying into a Swiss family it may be better to have a serious hobby... transition Daily life 62 12.08.2010 11:22
If you are looking for an academic job in CH, or if you are looking to fill one... runner0579 Jobs wanted 1 09.06.2010 11:25


All times are GMT +2. The time now is 12:40.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2016, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0