Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #41  
Old 09.08.2011, 20:48
darwiniandemon's Avatar
Senior Member
 
Join Date: Aug 2009
Location: Live in BE, Work in FR
Posts: 276
Groaned at 0 Times in 0 Posts
Thanked 169 Times in 100 Posts
darwiniandemon has earned the respect of manydarwiniandemon has earned the respect of manydarwiniandemon has earned the respect of many
Re: CHF=EUR parity. When will it happen?



Holy moly!!!

Bah! Traded 5 minutes ago CAD at 1.38. If only I waited 5 more minutes....
Reply With Quote
  #42  
Old 09.08.2011, 20:53
porsch1909
 
Posts: n/a
Re: CHF=EUR parity. When will it happen?

1.15 to the GBP...

Crazy

1.4 to the dollar wow
Reply With Quote
  #43  
Old 09.08.2011, 20:55
Swissmountainair's Avatar
Forum Veteran
 
Join Date: Oct 2008
Location: A moving target...
Posts: 878
Groaned at 18 Times in 15 Posts
Thanked 950 Times in 448 Posts
Swissmountainair has a reputation beyond reputeSwissmountainair has a reputation beyond reputeSwissmountainair has a reputation beyond reputeSwissmountainair has a reputation beyond repute
Re: CHF=EUR parity. When will it happen?

To answer the original question - TONIGHT! Try paying in Euros for a taxi in Zurich tonight - you could count yourself fortunate if you get 1 for 1. This is going to be one tough autumn for a lot of current jobholders and one very different Switzerland 12 months from now.
Reply With Quote
This user would like to thank Swissmountainair for this useful post:
  #44  
Old 09.08.2011, 21:13
Village Idiot's Avatar
Forum Legend
 
Join Date: Jul 2009
Location: Basel
Posts: 3,725
Groaned at 35 Times in 32 Posts
Thanked 7,006 Times in 2,266 Posts
Village Idiot has a reputation beyond reputeVillage Idiot has a reputation beyond reputeVillage Idiot has a reputation beyond reputeVillage Idiot has a reputation beyond reputeVillage Idiot has a reputation beyond reputeVillage Idiot has a reputation beyond repute
Re: CHF=EUR parity. When will it happen?

Reply With Quote
  #45  
Old 09.08.2011, 21:34
KeinFranzösisch's Avatar
Forum Veteran
 
Join Date: Dec 2010
Location: Washington, DC
Posts: 2,198
Groaned at 63 Times in 38 Posts
Thanked 2,549 Times in 1,115 Posts
KeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond reputeKeinFranzösisch has a reputation beyond repute
Re: CHF=EUR parity. When will it happen?

Quote:
View Post


Holy moly!!!

Bah! Traded 5 minutes ago CAD at 1.38. If only I waited 5 more minutes....
I'm still rubbing my eyes in disbelief. It moved a lot today!
Reply With Quote
  #46  
Old 09.08.2011, 21:36
ipoddle's Avatar
Forum Veteran
 
Join Date: Jan 2008
Location: basel
Posts: 1,226
Groaned at 24 Times in 16 Posts
Thanked 1,200 Times in 494 Posts
ipoddle has a reputation beyond reputeipoddle has a reputation beyond reputeipoddle has a reputation beyond reputeipoddle has a reputation beyond repute
Re: CHF=EUR parity. When will it happen?

Quote:
View Post
To answer the original question - TONIGHT! Try paying in Euros for a taxi in Zurich tonight - you could count yourself fortunate if you get 1 for 1. This is going to be one tough autumn for a lot of current jobholders and one very different Switzerland 12 months from now.
What do you think will be different in 12 months time ?
Reply With Quote
  #47  
Old 09.08.2011, 22:11
Newbie 1st class
 
Join Date: Mar 2010
Location: Aargau
Posts: 22
Groaned at 0 Times in 0 Posts
Thanked 5 Times in 4 Posts
Badener has made some interesting contributions
Re: CHF=EUR parity. When will it happen?

euro / chf = 1.0075

have a look: www.blick.ch

Reply With Quote
  #48  
Old 09.08.2011, 22:15
Member
 
Join Date: Mar 2007
Location: Schwyz
Posts: 162
Groaned at 2 Times in 2 Posts
Thanked 114 Times in 63 Posts
70sKitch has earned some respect70sKitch has earned some respect
Re: CHF=EUR parity. When will it happen?

Quote:
View Post
This is going to be one tough autumn for a lot of current jobholders and one very different Switzerland 12 months from now.
I'm going to buy a motorcycle, lots of consumer durables and maybe even a eurozone holiday home just to try and help the Swiss economy out. Not for selfish reasons you understand.

Seriously, it's all very well being happy the ski slopes will be free this winter but most of us are seriously worried about the Swiss economy.
Reply With Quote
  #49  
Old 09.08.2011, 22:23
parnell's Avatar
Forum Veteran
 
Join Date: Aug 2008
Location: Geroldswil
Posts: 642
Groaned at 219 Times in 140 Posts
Thanked 2,165 Times in 1,024 Posts
parnell has a reputation beyond reputeparnell has a reputation beyond reputeparnell has a reputation beyond reputeparnell has a reputation beyond reputeparnell has a reputation beyond reputeparnell has a reputation beyond repute
Re: CHF=EUR parity. When will it happen?

yup , heavy crash on its way
Reply With Quote
  #50  
Old 09.08.2011, 22:32
Newbie 1st class
 
Join Date: Mar 2010
Location: Aargau
Posts: 22
Groaned at 0 Times in 0 Posts
Thanked 5 Times in 4 Posts
Badener has made some interesting contributions
Re: CHF=EUR parity. When will it happen?

To be honest the blogs on swiss media make interesting reading.

Overwehlming messgaed is that the swiss people are very glad to have the swiss franc, and not the euro. The fact that the CHF has got stronger even justifies this to them even more.

But to be honest Switzerland, I wonder if they would not be better off with the euro, because at least they'd still be trading with the eurozone countries around. As things stand the biggest kick up the crash in Swiss history is coming to a local economy near you soon!
Reply With Quote
  #51  
Old 10.08.2011, 23:26
dino's Avatar
Forum Veteran
 
Join Date: Feb 2006
Location: Zurich
Posts: 1,631
Groaned at 31 Times in 24 Posts
Thanked 1,279 Times in 628 Posts
dino has a reputation beyond reputedino has a reputation beyond reputedino has a reputation beyond reputedino has a reputation beyond reputedino has a reputation beyond repute
Re: CHF=EUR parity. When will it happen?

Quote:
View Post
Classic approach; but I am just not convinced people are buying the CHF based on CH growth forecast.
of course not... they are buying CHF simply because they don't want to be holding USD or EUR!
Reply With Quote
This user would like to thank dino for this useful post:
  #52  
Old 29.08.2011, 10:29
grumpygit's Avatar
Forum Veteran
 
Join Date: Feb 2011
Location: geneva
Posts: 1,476
Groaned at 29 Times in 16 Posts
Thanked 1,508 Times in 695 Posts
grumpygit has a reputation beyond reputegrumpygit has a reputation beyond reputegrumpygit has a reputation beyond reputegrumpygit has a reputation beyond reputegrumpygit has a reputation beyond reputegrumpygit has a reputation beyond repute
Re: CHF=EUR parity. When will it happen?

Back to 1.18 and all seems calm, anybody know why? I was away for two weeks
Reply With Quote
  #53  
Old 29.08.2011, 11:21
marton's Avatar
Forum Legend
 
Join Date: May 2008
Location: Kt. Zürich
Posts: 11,796
Groaned at 610 Times in 516 Posts
Thanked 21,711 Times in 11,398 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: CHF=EUR parity. When will it happen?

Quote:
View Post
Back to 1.18 and all seems calm, anybody know why? I was away for two weeks
I assume that basically people believed the SNB when they said they would do everything necessary to stop the CHF rising. I was surprised but it seems so.
People seem to be diving into gold again as a safe haven, now up to CHF47K per kilo.

Be interesting to see if people start buying CHF again when more bad euro and/or US$ news comes out.
Reply With Quote
  #54  
Old 29.08.2011, 11:27
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 14,952
Groaned at 294 Times in 198 Posts
Thanked 19,008 Times in 7,995 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: CHF=EUR parity. When will it happen?

Quote:
View Post
I assume that basically people believed the SNB when they said they would do everything necessary to stop the CHF rising. I was surprised but it seems so.
People seem to be diving into gold again as a safe haven, now up to CHF47K per kilo.

Be interesting to see if people start buying CHF again when more bad euro and/or US$ news comes out.
well if germany declares the bailout illegal, then i expect more will pile into chf from eur.

i think a break-up of the euro is growing in likelihood.
Reply With Quote
  #55  
Old 29.08.2011, 11:44
marton's Avatar
Forum Legend
 
Join Date: May 2008
Location: Kt. Zürich
Posts: 11,796
Groaned at 610 Times in 516 Posts
Thanked 21,711 Times in 11,398 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: CHF=EUR parity. When will it happen?

Quote:
View Post
well if germany declares the bailout illegal, then i expect more will pile into chf from eur.

i think a break-up of the euro is growing in likelihood.
True, Merkel has a big hill to climb - they even forecast some people in her own party will vote against............
Reply With Quote
  #56  
Old 29.08.2011, 13:13
Nev
 
Posts: n/a
Re: CHF=EUR parity. When will it happen?

Quote:
View Post
Back to 1.18 and all seems calm, anybody know why? I was away for two weeks
Markets took a breather last week and the risk on trade came back. That means equities up, safe havens like swissie and gold down. Bernanke's speech propped up that sentiment today.

Nothing earth shattering has happened. Safe havens will claw it back when the next jitters hit.
Reply With Quote
This user would like to thank for this useful post:
  #57  
Old 05.09.2011, 11:26
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 14,952
Groaned at 294 Times in 198 Posts
Thanked 19,008 Times in 7,995 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: CHF=EUR parity. When will it happen?

OK. Maybe it will happen by the end of this month: Italy has some pretty hefty debts to roll-over.

Anyone recommend a website for changing CHFs to EURs? If we get close to parity or further, I'll probably bung a few CHFs over to EURs and buy a car from Germany.
Reply With Quote
  #58  
Old 05.09.2011, 13:02
Senior Member
 
Join Date: Feb 2008
Location: Ticino
Posts: 358
Groaned at 8 Times in 5 Posts
Thanked 379 Times in 175 Posts
paizuri is considered knowledgeablepaizuri is considered knowledgeablepaizuri is considered knowledgeable
Re: CHF=EUR parity. When will it happen?

Quote:
View Post
OK. Maybe it will happen by the end of this month: Italy has some pretty hefty debts to roll-over.

Anyone recommend a website for changing CHFs to EURs? If we get close to parity or further, I'll probably bung a few CHFs over to EURs and buy a car from Germany.
oanda.com

Start the sign up process now though, as it takes a few days to get account verifedi (eg. you have to send them scans of passport, bill with address..) then take a few days to fund your newly established accounts (via online banking from your swiss bank account).
Reply With Quote
  #59  
Old 05.09.2011, 13:44
Forum Veteran
 
Join Date: Mar 2010
Location: Geneva
Posts: 637
Groaned at 71 Times in 39 Posts
Thanked 469 Times in 247 Posts
saiya-jin has an excellent reputationsaiya-jin has an excellent reputationsaiya-jin has an excellent reputationsaiya-jin has an excellent reputation
Re: CHF=EUR parity. When will it happen?

Quote:
View Post
oanda.com

Start the sign up process now though, as it takes a few days to get account verifedi (eg. you have to send them scans of passport, bill with address..) then take a few days to fund your newly established accounts (via online banking from your swiss bank account).
Hello,
is this oanda.com better than for example having postfinance account and using it? My use case is more like sending money to EU euro account. Where is this oanda based? Doesn't some transfer fees apply? Postfinance for example takes a slight cut from official rate (ie. 1.13 becomes ~1.15), but nothing else (at least not to EU). I guess oanda has some fees to pay, if not then they take bigger cut from rates. Disadvantage is that if You want to make transfer, it will be done sometime next business day, and in these volatile times You don't have control over when exactly.
Any first hand experience?
Reply With Quote
  #60  
Old 05.09.2011, 14:39
Senior Member
 
Join Date: Feb 2008
Location: Ticino
Posts: 358
Groaned at 8 Times in 5 Posts
Thanked 379 Times in 175 Posts
paizuri is considered knowledgeablepaizuri is considered knowledgeablepaizuri is considered knowledgeable
Re: CHF=EUR parity. When will it happen?

Quote:
View Post
Hello,
is this oanda.com better than for example having postfinance account and using it? My use case is more like sending money to EU euro account. Where is this oanda based? Doesn't some transfer fees apply? Postfinance for example takes a slight cut from official rate (ie. 1.13 becomes ~1.15), but nothing else (at least not to EU). I guess oanda has some fees to pay, if not then they take bigger cut from rates. Disadvantage is that if You want to make transfer, it will be done sometime next business day, and in these volatile times You don't have control over when exactly.
Any first hand experience?
Yes, the difference is you get 1.13 rather than 1.15. You know exactly what you are getting because it is printed on your screen (you have that rate for 1 min then you have to refresh). You have to pay a transaction fee which is about 20 euro (small compared to the ~2% your bank will take, assuming you are transferring a large amount of money)
Reply With Quote
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
Franc dollar parity CHF=USD Midas Finance/banking/taxation 75 12.07.2011 12:42
Exchange rate CHF / EUR MatteoColombo Finance/banking/taxation 0 26.03.2010 22:02
Transfer funds EUR to CHF Djanjo Finance/banking/taxation 27 21.07.2008 12:43


All times are GMT +2. The time now is 20:29.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0