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Old 17.07.2015, 13:36
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Transferring CHF to USD

I'm leaving the country and need to transfer my savings in Swiss francs back into USD sometime before I leave or very soon after. This question is for those individuals who follow currency markets very closely -- is there any reason to expect that the value of CHF in USD will increase very much in the next month or so? For the past few weeks the value seems to have been slowly declining, I think owing to a declining Euro to USD and a desire by the Swiss National Bank to keep the franc not too much more expensive than the Euro (even if there is no official peg). It is not so large a sum of money that a few percentage points will make much of a difference, but still I'd rather not lose money unnecessarily.

(I do not have a background in finance
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Old 17.07.2015, 13:39
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Re: Transferring CHF to USD

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I'm leaving the country and need to transfer my savings in Swiss francs back into USD sometime before I leave or very soon after. This question is for those individuals who follow currency markets very closely -- is there any reason to expect that the value of CHF in USD will increase very much in the next month or so? For the past few weeks the value seems to have been slowly declining, I think owing to a declining Euro to USD and a desire by the Swiss National Bank to keep the franc not too much more expensive than the Euro (even if there is no official peg). It is not so large a sum of money that a few percentage points will make much of a difference, but still I'd rather not lose money unnecessarily.

(I do not have a background in finance
I would expect the USD to strengthen V Euro & CHF. Goldman Sachs thinks the USD will buy 0.9 Euro over the next 12 months.
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Old 17.07.2015, 17:11
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Re: Transferring CHF to USD

Thanks! Am I right that there is no reason to expect any sort of drastic fluctuation in currency prices in near future (so the conventional wisdom would be that the situation with Greece should not have much more effect that it has already had)?
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Old 17.07.2015, 17:16
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Re: Transferring CHF to USD

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Thanks! Am I right that there is no reason to expect any sort of drastic fluctuation in currency prices in near future (so the conventional wisdom would be that the situation with Greece should not have much more effect that it has already had)?
Unless the situation Greece changes, whats expected to happen is priced in.
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