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Old 30.08.2007, 19:10
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Currency Exchange

Who offers the best exchange rate for EUR/CHF in Zurich?

Who knows the rates a SWIFT interbank transfer would offer compared to cash exchange?

When is it best to pay fee for SWIFT interbank or use cash?

Thanks.
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Old 30.08.2007, 19:16
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Re: Currency Exchange

Any bank will have the most current exchange rate. You can exchange your money there, or if you have an debit/credit card you can just pull money out of any "geldautomat" and get the current exchange rate.
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Old 30.08.2007, 19:24
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Re: Currency Exchange

Woah, slow down there... what's this 'bank' thing you mention?

If you read the post again, you'll see that I'm attempting to do a little better than the outrageous spreads the major banks are offering us here.
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Old 30.08.2007, 19:33
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Re: Currency Exchange

If it's not too rude what volume you in for?

Credit Suisse will do a deal on large numbers
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Old 30.08.2007, 20:16
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Re: Currency Exchange

www.wechstelstube.ch has realtime rates. Over 10 000 CHF you get better euro rates again.
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Old 31.08.2007, 09:37
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Re: Currency Exchange

Oh, well forgive me. You will only get vague responses if you ask vague questions. I'm not quite yet a mind reader.

Are there special banks out there that will give you a better than the going rate for you money that I'm not aware of?

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Woah, slow down there... what's this 'bank' thing you mention?

If you read the post again, you'll see that I'm attempting to do a little better than the outrageous spreads the major banks are offering us here.
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Old 31.08.2007, 10:46
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Re: Currency Exchange

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Who offers the best exchange rate for EUR/CHF in Zurich?

Who knows the rates a SWIFT interbank transfer would offer compared to cash exchange?

When is it best to pay fee for SWIFT interbank or use cash?

Thanks.
Well SWIFT per se doesn't offer rates... it is all at the discretion of the bank doing the exchange...
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Old 31.08.2007, 11:33
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Re: Currency Exchange

Paul - does this help?
Converting large amount of Swiss dosh to Stg/Euro

Gav asked a similar question for getting his millions out of the country
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Old 03.09.2007, 18:00
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Re: Currency Exchange

Thanks for the replies.

Wechselstube's rates seem to be more favourable than the banks. Could be the best option since < 100k.
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Old 19.09.2007, 15:30
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Re: Currency Exchange

I'd recommend www.wechselstube.ch. For me, they beat the banks even on their best offered spread by ~1.4% (it depends on how much you exchange - the more the better) and I was able to time the purchase to receive a better rate. Also, account setup can be done online almost instantly provided you fax and then post docs later. They then give you user/pass and you can follow the market rates and initiate and confirm the transaction online when favourable. To receive the currency you interbank transfer to them and you receive amount later at that confirmed rate. If you have UBS or ZKB account, it can be done same day provided initiated before 12. I don't think I could go back to accepting the bank's penal spreads after this.
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Old 28.04.2008, 12:30
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Re: Currency Exchange

I have a question:
how does wechselstube.com?
Do I just register and transfer them my CHF from my Credit Suisse SFr account and get the USD immediately to my debited Credit Suisse USD account? just like that?
If is not "same day", what Exchange Rate do I get, the one when i started the operation or the one when it is actually done?
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Old 08.11.2010, 11:47
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Exchange

If you want to exchange money check www.wechselstube.ch

they have good rates and there is a nice side effect: the receiver won't see who the money came from.........

The service is very fast and I have already used it many times. It works for transfers to Switzerland or any other country!
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Old 08.11.2010, 11:56
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Re: Currency Exchange

Dont seem to be offering too many currencies, though... Yuan, INR..
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  #14  
Old 27.10.2012, 19:18
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Re: Currency Exchange

Alert: wechselstube is now locking people out of their system due to `new rules', here is the message from them:

"Unfortunately new regulations in the money transfer business have such a great impact on our daily operational service, which in consequence has led to the closing of client log-ins of private individuals. Therefore we did close your log-in after the transfer of the money.

Best regards Martin Streb kmuOnline ag www.wechselstube.ch <http://www.wechselstube.ch/> Tel. 061 406 97 97"

Anyone about to waste time filling out forms or spend 25 CHF having their ID notarized - don't bother.
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