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Old 19.12.2015, 08:28
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change Euro's for GPB or CHF?

Hi
I have some investments still in a french back account in Euro's and questioning if I should transfer them to GBP in UK (where I'm from and will return to) or to CHF where we live...

Any advice?
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Old 19.12.2015, 09:17
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Re: change Euro's for GPB or CHF?

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Any advice?
Is this for the enjoyment of moving money about or is there a purpose to this?

Any currency conversion will involve a loss, so why would you? Do you need the money for a project or do you want to invest and maximize return? What are your tax circumstances?
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Old 19.12.2015, 22:35
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Re: change Euro's for GPB or CHF?

Hi, fair comment - should have explained...

simply that i want to close my french account as sick of declaring tax etc and wanted to see if it'd be better to change to gbp or chf (i.e. which is weakest versus the euro historically ?)
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Old 19.12.2015, 22:49
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Re: change Euro's for GPB or CHF?

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Hi, fair comment - should have explained...

simply that i want to close my french account as sick of declaring tax etc and wanted to see if it'd be better to change to gbp or chf (i.e. which is weakest versus the euro historically ?)
Well the Euro is not that week historically against the CHF, it went to 0.85, now it's 1.078. GBP is 1.37 to euro was higher a coupe of weeks ago.
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Old 20.12.2015, 00:33
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Re: change Euro's for GPB or CHF?

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Hi, fair comment - should have explained...

simply that i want to close my french account as sick of declaring tax etc and wanted to see if it'd be better to change to gbp or chf (i.e. which is weakest versus the euro historically ?)
Well, I'm not an expert but the general wisdom is that if one wants to protect one's investment one would keep it in multiple currencies... and that what the history was is not particularly what the future would bring. If we'd know how the exchange rate will change we'd all be rich... or not...

So this brings back the goals of the investment - where is the money more useful to you and what currency? If you just want to store it, why not move it into a euro account in switzerland - this may mean lower taxes? This of course assumes we're talking a significant amount worth the account fees.
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Old 20.12.2015, 00:40
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Re: change Euro's for GPB or CHF?

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Well, I'm not an expert but the general wisdom is that if one wants to protect one's investment one would keep it in multiple currencies... and that what the history was is not particularly what the future would bring. If we'd know how the exchange rate will change we'd all be rich... or not...

So this brings back the goals of the investment - where is the money more useful to you and what currency? If you just want to store it, why not move it into a euro account in switzerland - this may mean lower taxes? This of course assumes we're talking a significant amount worth the account fees.
General wisdom is don't hold cash at all.

If you bought Nestle shares you would think your investment was in some way linked to the CHF, as 98% of profits come from outside CH the value of the CHF makes no difference. Profits will be lower ( & share price) if the franc is higher.

Why would putting money in Euros mean lower taxes ? In CH your taxed on world wide income & wealth.
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Old 20.12.2015, 17:33
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Re: change Euro's for GPB or CHF?

So Nestle, a nicely diversified investment
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Old 23.12.2015, 23:44
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Re: change Euro's for GPB or CHF?

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Hi, fair comment - should have explained...

simply that i want to close my french account as sick of declaring tax etc and wanted to see if it'd be better to change to gbp or chf (i.e. which is weakest versus the euro historically ?)

If only there were like a worldwide web one could search etc etc

Euro is generally (relatively) weak right now but it might get weaker, then again it might stay the same or or get stronger.
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