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Old 06.08.2011, 14:14
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Will 1 CHF buy 1 Euro?

A banking colleague mentioned I should wait until the CHF equals the Euro before converting my CHFs to Euros.

Any thoughts on this?
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Old 06.08.2011, 14:17
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Re: Will 1 CHF buy 1 Euro?

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A banking colleague mentioned I should wait until the CHF equals the Euro before converting my CHFs to Euros.

Any thoughts on this?
If it hits 1:1 then the chance of falling 2:1 must also be real. What is your reason for wanting Euros ?
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Old 06.08.2011, 14:19
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Re: Will 1 CHF buy 1 Euro?

switching to Euros at the peak, as the Swiss CHF will need to be adjusted to avoid crippling swiss exports and the swiss tourist industry. I mean, who is going to ski or snowboard in Switzerland, when they can go to France or Austria, have more fun, and save a huge amount of cheddar.
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Old 06.08.2011, 14:26
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Re: Will 1 CHF buy 1 Euro?

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switching to Euros at the peak, as the Swiss CHF will need to be adjusted to avoid crippling swiss exports and the swiss tourist industry. I mean, who is going to ski or snowboard in Switzerland, when they can go to France or Austria, have more fun, and save a huge amount of cheddar.
...................

Last edited by ceppych; 04.10.2011 at 14:07.
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Old 06.08.2011, 14:30
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Re: Will 1 CHF buy 1 Euro?

Since the OP has a wife, family & is probably going to have a huge UK tax bill to pay on his 17,000 a month CH earnings, buying £ might be more useful.
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Old 06.08.2011, 14:33
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Re: Will 1 CHF buy 1 Euro?

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My son owns a large apartment in Champery which he bought as an investment.
Normally he lets it in the summer and part of the ski-season to Brits.
This year he has no summer lets and the ski-season isn't looking too good either.
So your son is experiencing the fall out of the CHF crushing the EURO right?
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Old 06.08.2011, 14:34
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Re: Will 1 CHF buy 1 Euro?

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My son owns a large apartment in Champery which he bought as an investment.
Normally he lets it in the summer and part of the ski-season to Brits.
This year he has no summer lets and the ski-season isn't looking too good either.
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Since the OP has a wife, family & is probably going to have a huge UK tax bill to pay on his 17,000 a month CH earnings, buying £ might be more useful.
What about being in the UK for less than 90 days last year, this year, and the next 2 years? Also you mentioned FUTURE legislation?
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Old 06.08.2011, 14:36
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Re: Will 1 CHF buy 1 Euro?

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What about being in the UK for less than 90 days last year, this year, and the next 2 years? Also you mentioned FUTURE legislation?
It's not enough to just be away, you have to 'LEAVE PERMANTLY', your wife, family & home are still in the UK, you are just away.
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Old 06.08.2011, 14:37
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Re: Will 1 CHF buy 1 Euro?

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What about being in the UK for less than 90 days last year, this year, and the next 2 years? Also you mentioned FUTURE legislation?
See what happens in the next budget, it might be OK for Future years, but NOT this or past.
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Old 06.08.2011, 14:38
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Re: Will 1 CHF buy 1 Euro?

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So your son is experiencing the fall out of the CHF crushing the EURO right?
No. I'm just agreeing with part of your post no. 4.
I'll go back into my corner now
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Old 06.08.2011, 15:23
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Re: Will 1 CHF buy 1 Euro?

It does at Les Halles in Zurich at the moment. Went there for a beer and they were exchanging 1:1
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Old 06.08.2011, 15:41
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Re: Will 1 CHF buy 1 Euro?

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It does at Les Halles in Zurich at the moment. Went there for a beer and they were exchanging 1:1
its not cause a bar does it that it actually is there already. we did it in my bar a while back already to discourage the use of Euros....And it basically a quick way to make a bit more money
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Old 06.08.2011, 15:42
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Re: Will 1 CHF buy 1 Euro?

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its not cause a bar does it that it actually is there already. we did it in my bar a while back already to discourage the use of Euros....And it basically a quick way to make a bit more money
Yeah i know. Just saying....
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Old 06.08.2011, 15:45
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Re: Will 1 CHF buy 1 Euro?

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Yeah i know. Just saying....

it is incredible how many are willing to pay it though
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Old 06.08.2011, 15:53
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Re: Will 1 CHF buy 1 Euro?

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it is incredible how many are willing to pay it though
Its mostly tourists that don't know better though right? I mean, its amazing how many people come to Switzerland and realise they don't use the Euro!
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Old 06.08.2011, 16:02
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Re: Will 1 CHF buy 1 Euro?

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switching to Euros at the peak, as the Swiss CHF will need to be adjusted to avoid crippling swiss exports and the swiss tourist industry. I mean, who is going to ski or snowboard in Switzerland, when they can go to France or Austria, have more fun, and save a huge amount of cheddar.

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.

I think if the CHF hits 1:1 with the Euro it really won't put the kibash on anything, though it may slow down. Should it be due to the exchange rate or the the sluggish economy?

And why are we looking at exchange rates as the cause of problems, rather than the symptoms of problems?

I'm not an economist, so please keep the name calling, finger wagging and snippy snipes to a minimum.
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Old 06.08.2011, 16:04
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Re: Will 1 CHF buy 1 Euro?

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Its mostly tourists that don't know better though right? I mean, its amazing how many people come to Switzerland and realise they don't use the Euro!
I was paying for petrol in CH at a garage that accepted euros approx 4 years ago real rate about 1.50, their rate was 1:1, I ended up paying in CHF's-
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Old 06.08.2011, 16:21
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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.

I think if the CHF hits 1:1 with the Euro it really won't put the kibash on anything, though it may slow down. Should it be due to the exchange rate or the the sluggish economy?

And why are we looking at exchange rates as the cause of problems, rather than the symptoms of problems?

I'm not an economist, so please keep the name calling, finger wagging and snippy snipes to a minimum.
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....
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Old 06.08.2011, 16:29
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Re: Will 1 CHF buy 1 Euro?

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the CHF was always about 1.25 to the USD.
No, 30 years ago it was about 2.5, and 1.9 when I moved here in '86. Other than a brief increase 10 years ago, it's been going downhill since WW2.

Tom
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Old 06.08.2011, 16:30
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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.

I think if the CHF hits 1:1 with the Euro it really won't put the kibash on anything, though it may slow down. Should it be due to the exchange rate or the the sluggish economy?

And why are we looking at exchange rates as the cause of problems, rather than the symptoms of problems?

I'm not an economist, so please keep the name calling, finger wagging and snippy snipes to a minimum.
Actually euro started @ almost 1.2 according to the US federal reserve.
http://www.federalreserve.gov/releas...t/dat96_eu.htm
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