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  #61  
Old 15.01.2015, 13:13
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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Shopping! ...abroad!
Corrected, you forgot essential keyword
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  #62  
Old 15.01.2015, 13:39
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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Wow a 15% pay rise for us frontaliers. Tout est pardonné. Thank you Switzerland :-)
as long as your job is not "exported", yes
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  #63  
Old 15.01.2015, 13:40
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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hm...
then it would be USD -> euros then euros > CHF?

Unless I did not understood the market move, I though only the "cap" 1.20CHf to 1Euros was removed- Which translated into "chf" more valuable today (+20%) towards euros.

I haven't heard anything that euro dropped value regarding USD.


(I have no time to check in details)
erm. there's a currency market out there. you don't peg chf to eur without having an impact on everything else.
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  #64  
Old 15.01.2015, 13:44
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

well done Horatio
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  #65  
Old 15.01.2015, 13:50
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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as long as your job is not "exported", yes
Indeed. This would surely affect lots of workers.
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  #66  
Old 15.01.2015, 13:54
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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Indeed. This would surely affect lots of workers.
Yep, I get paid in Euros, which was nice until tea break this morning!
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  #67  
Old 15.01.2015, 13:55
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

Can anyone recommend a bank that allows instant CHF > EUR transfers?
With ZKB I can only do next day transfer (although not sure if that's a bad thing looking at current rate). Their online banking portal is also still using 1.20 as the exchange rate, but I assume that will be corrected by midnight when my order gets executed.
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  #68  
Old 15.01.2015, 13:56
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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Can anyone recommend a bank that allows instant CHF > EUR transfers?
With ZKB I can only do next day transfer (although not sure if that's a bad thing looking at current rate). Their online banking portal is also still using 1.20 as the exchange rate, but I assume that will be corrected by midnight when my order gets executed.
I just bought on amazon with a 1.06 exchange rate
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  #69  
Old 15.01.2015, 13:59
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

It also increases the Swiss buying power to absurd levels. At this rate they can buy big villa's in neighbouring France for less than the price of a 70m2 flat around Geneva.
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  #70  
Old 15.01.2015, 14:00
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

OMG I am kicking myself in the arse now, I was going to finally buy today
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  #71  
Old 15.01.2015, 14:02
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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OMG I am kicking myself in the arse now, I was going to finally buy today
Still time.
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  #72  
Old 15.01.2015, 14:03
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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Still time.

says it's .877 now vs 1.02
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  #73  
Old 15.01.2015, 14:05
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

0.8609 right now for USD to CHF


Stupid me
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  #74  
Old 15.01.2015, 14:07
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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0.8609 right now for USD to CHF


Stupid me
I feel the same but you can look at it differently.
You have not realised any losses.

You had x dollars this morning & you still have x dollars.
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  #75  
Old 15.01.2015, 14:12
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

OK, breathe...so some of us missed the boat despite understanding that the boat was sailing.

Looking forward to month end & the likely initiation of ECB quantitive easing what effect will that have on the EUR/CHF fx rate.

Anybody?
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  #76  
Old 15.01.2015, 14:14
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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I feel the same but you can look at it differently.
You have not realised any losses.

You had x dollars this morning & you still have x dollars.

Yes but the USD are useless this side of the pond

So now I'm back to having to buy the big ticket items in Euro and spending more than I wanted
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  #77  
Old 15.01.2015, 14:14
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

I moved CHF to Euro today.

I think they will spend the weekend trying to fix the Euro and it will return near the CHF1.20 to 1Euro level next week.

Hope I'm right.
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  #78  
Old 15.01.2015, 14:16
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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I just bought on amazon with a 1.06 exchange rate
You can also stock up on Amazon gift vouchers.
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  #79  
Old 15.01.2015, 14:17
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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I moved CHF to Euro today.

I think they will spend the weekend trying to fix the Euro and it will return near the CHF1.20 to 1Euro level next week.

Hope I'm right.
Either way, you'll most likely get a much better interest rate on your euros anyway than you get here on your Swiss Francs.
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  #80  
Old 15.01.2015, 14:18
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Re: It may be a good time to buy into Swiss Francs if you're savings are in other cur

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I moved CHF to Euro today.

I think they will spend the weekend trying to fix the Euro and it will return near the CHF1.20 to 1Euro level next week.

Hope I'm right.
Dream on.......
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