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  #21  
Old 06.08.2011, 15:51
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Re: Will 1 CHF buy 1 Euro?

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I know of many many people that are no longer coming to Switzerland....including mine for Christmas....I wouldnt come , heck I rather go ski in France or Austria then here at a much less cost.....you also see many skiresorts getting into trouble....
Ski resorts in Switzerland will be quiet, except for the those heading for France/Austria with sat nav problems, where, the drop in the Euro will mean the actual holiday will be significantly cheaper
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  #22  
Old 06.08.2011, 15:58
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Re: Will 1 CHF buy 1 Euro?

This is a very interesting question.Within the next 2 weeks or so I willtransfer a large amount to Spain to buy our dream villa in the sun. I can hardly sleep wondering where this ratio will trend to. When transferring such a large ammount small differences in rate change make a whole lot of difference.
Do it Monday or wait??? It is a gamble but I simply do not understand enough of the macro economics situation right now. What would you do?
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  #23  
Old 06.08.2011, 16:23
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Re: Will 1 CHF buy 1 Euro?

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This is a very interesting question.Within the next 2 weeks or so I willtransfer a large amount to Spain to buy our dream villa in the sun. I can hardly sleep wondering where this ratio will trend to. When transferring such a large ammount small differences in rate change make a whole lot of difference.
Do it Monday or wait??? It is a gamble but I simply do not understand enough of the macro economics situation right now. What would you do?
Don't ask me; I went on holiday in Schwarzwald last week & bought enough euros euros when the rate dropped to 1.22.
By the time I went on holiday the rate was 1.11; almost 10% better
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  #24  
Old 06.08.2011, 17:04
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Re: Will 1 CHF buy 1 Euro?

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This is a very interesting question.Within the next 2 weeks or so I willtransfer a large amount to Spain to buy our dream villa in the sun. I can hardly sleep wondering where this ratio will trend to. When transferring such a large ammount small differences in rate change make a whole lot of difference.
Do it Monday or wait??? It is a gamble but I simply do not understand enough of the macro economics situation right now. What would you do?
Personally, I'd split it into 2 or 3 parts, tranferring each chunk over your chosen time period so that it averages out somewhat. Beforehand I'd try and work out if a higher commission on smaller exchanges (compared to one big one) outweighed possible gains - which can only be guestimated.

This method would halve any 'losses', but would also halve any 'gains'.
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  #25  
Old 06.08.2011, 18:21
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Re: Will 1 CHF buy 1 Euro?

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May I provide some perspective?

The Euro first started out at 1:1 with the USD. Then it stayed steady for a few year at around 1.25 to 1.30. In 2007 it started taking off to the 1.40 range and higher, which is where it is at today. Despite being so high, it never slowed trade between the US and Europe (and I include tourism as a trade commodity).

Likewise, the CHF was always about 1.25 to the USD. Now it's total reverse. When it was 1:1 with the USD, it had zero effect on people wanting to come to Switzerland for vacation. In fact, air travel between the US and Switzerland increased.
.
Well, but the difference here is the price of things in CH vs the EU. Even with the exchange rate difference between USD and EUR, the purchasing power hasn't diminished greatly. This isn't the case with the CHF where the expensive become rather obscene. Exchange rates don't keep tourists away, but it may limit their numbers and force the ones who do visit to spend less.

I wonder how long some of the US companies will last in Zurich before pulling out if the CHF stays so strong.
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  #26  
Old 10.08.2011, 10:28
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Re: Will 1 CHF buy 1 Euro?

WAA - HEY!!!

Euro to Swiss-Franks conversion rate is more or less 1:1.

Interbank exchange rates here.

So.. time to go shopping in Germany huh?

Pitty that those things imported haven't changed price, though I can understand that old stock will have cost more to import than new stock..
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  #27  
Old 10.08.2011, 10:33
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Re: Will 1 CHF buy 1 Euro?

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This is a very interesting question.Within the next 2 weeks or so I willtransfer a large amount to Spain to buy our dream villa in the sun. I can hardly sleep wondering where this ratio will trend to. When transferring such a large ammount small differences in rate change make a whole lot of difference.
Do it Monday or wait??? It is a gamble but I simply do not understand enough of the macro economics situation right now. What would you do?
I bought a bucket load of Euros when it was at 1.13. I was so proud of myself thinking I'd just made out like a bandit...
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  #28  
Old 10.08.2011, 10:54
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Re: Will 1 CHF buy 1 Euro?

Am still waiting with phone in hand ready to go for it.Getting tense now

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I bought a bucket load of Euros when it was at 1.13. I was so proud of myself thinking I'd just made out like a bandit...
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  #29  
Old 10.08.2011, 11:07
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Re: Will 1 CHF buy 1 Euro?

I suspect we need to correct the Opening Post to :-
Will 1 Euro buy 1Chf?
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  #30  
Old 10.08.2011, 11:30
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Re: Will 1 CHF buy 1 Euro?

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I bought a bucket load of Euros when it was at 1.13. I was so proud of myself thinking I'd just made out like a bandit...
I did this at 1.16 so you don't need to feel so bad
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