Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation
Reply
 
Thread Tools Display Modes
  #1  
Old 24.06.2010, 11:15
Member
 
Join Date: Sep 2008
Location: Zurich
Posts: 126
Groaned at 0 Times in 0 Posts
Thanked 5 Times in 4 Posts
MariV has no particular reputation at present
good timing to transfer CHF to EUR?

Hi,
This is probably a stupid question, but i ask anyway...
I noticed euro is now weakest i have seen so far against CHF, so i was thinking about transferring money to my euro account in my home country. I can do it online for 0.30 CHF. Of course, noone knows if it will go even weaker and what the situation is next year, when i might go back to my home country. Do you have any opinion for this, is it useless to try to optimise it this way?
Reply With Quote
  #2  
Old 24.06.2010, 11:19
lux_interior's Avatar
Member
 
Join Date: Nov 2009
Location: over the hills and far away
Posts: 180
Groaned at 3 Times in 2 Posts
Thanked 169 Times in 85 Posts
lux_interior has a reputation beyond reputelux_interior has a reputation beyond reputelux_interior has a reputation beyond reputelux_interior has a reputation beyond repute
Re: good timing to transfer CHF to EUR?

On Tuesday, UBS predicted that EUR/CHF will fall to 1.30 this summer.
Reply With Quote
This user would like to thank lux_interior for this useful post:
  #3  
Old 24.06.2010, 20:03
Newbie
 
Join Date: Jun 2010
Location: Basel Stadt
Posts: 1
Groaned at 0 Times in 0 Posts
Thanked 1 Time in 1 Post
Manngo has no particular reputation at present
Re: good timing to transfer CHF to EUR?

MariVI'm also planning to do the same what you said. My understanding:
There are 2 trends at the moment:
1. The Frank is getting stronger after the National Bank stopped its interventions and nervous investors around the world change their cash to Frank as an "escape".
2. The Euro is getting weaker due to government debt fears across EU.

These two trends are partially independent and make the Frank stronger against all other currencies and make the Euro weaker agains all other currencies. Both of these push the CHF/EUR rate to the same direction.
The easy answer is that the best time to exchange your money is when these trends are close to end. If you want to catch the best exchange rate I suggest to wait and keep an eye on the news. Once you start hearing good news about financial markets around the world, probably that will be the best time to transfer your money to Euro.

I recommend to do it in multiple steps and not in one go to to avoid risk. Once you are in Euro and the Euro continues to weaken that's not gonna be good for your personal wealth.

P.S. This is all speculation and my private opinion. Follow only if you agree.
Reply With Quote
This user would like to thank Manngo 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
CHF to EUR in Forex or UBS? espinchi Finance/banking/taxation 8 27.10.2011 00:37
CHF mortgage on EUR property GenevaCamper Housing in general 14 13.01.2011 16:39
Exchange rate CHF / EUR MatteoColombo Finance/banking/taxation 0 26.03.2010 22:02
[ZH] Wanted Rubles/EUR for CHF tsubasa For sale / wanted 3 15.06.2009 08:27
Transfer funds EUR to CHF Djanjo Finance/banking/taxation 27 21.07.2008 12:43


All times are GMT +2. The time now is 15:38.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0