Holy moly!!!

Bah! Traded 5 minutes ago CAD at 1.38. If only I waited 5 more minutes....

1.15 to the GBP...

Crazy

1.4 to the dollar wow

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.

I'm still rubbing my eyes in disbelief. It moved a lot today!

What do you think will be different in 12 months time ?

euro / chf = 1.0075

have a look: www.blick.ch

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.

yup , heavy crash on its way

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!

of course not... they are buying CHF simply because they don't want to be holding USD or EUR!

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.

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............

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.

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).

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)