Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 07.10.2016, 10:08
Forum Legend
 
Join Date: Mar 2009
Location: Zurich
Posts: 13,272
Groaned at 1,188 Times in 788 Posts
Thanked 19,161 Times in 7,429 Posts
Chuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond repute
Wow, CHF to GBP exchange rate is pretty crazy at the moment...

I just noticed today that 1 CHF = 0.82 GBP... that's insane.

Time for some online shopping methinks.

EDIT - Some more info here https://www.poundsterlinglive.com/gb...vices-pmi-3435

Last edited by Chuff; 07.10.2016 at 10:26.
Reply With Quote
This user would like to thank Chuff for this useful post:
  #2  
Old 07.10.2016, 10:10
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,017
Groaned at 450 Times in 344 Posts
Thanked 22,311 Times in 11,546 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post
I just noticed today that 1 CHF = 0.82 GBP... that's insane.

Time for some online shopping methinks.
Those sort of no's should make Swiss companies think of off shoring to the UK, rather than bringing UK staff to CH.
Reply With Quote
The following 4 users would like to thank fatmanfilms for this useful post:
  #3  
Old 07.10.2016, 10:13
PaddyG's Avatar
Forum Legend
 
Join Date: Aug 2007
Location: Pensier, Fribourg
Posts: 9,243
Groaned at 118 Times in 102 Posts
Thanked 16,857 Times in 5,912 Posts
PaddyG has a reputation beyond reputePaddyG has a reputation beyond reputePaddyG has a reputation beyond reputePaddyG has a reputation beyond reputePaddyG has a reputation beyond reputePaddyG has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

I know, I'm paying for a big trip next from the UK and saving a bundle.
Reply With Quote
  #4  
Old 07.10.2016, 10:14
Treverus's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Work in ZH, live in SZ
Posts: 11,998
Groaned at 334 Times in 273 Posts
Thanked 22,926 Times in 8,297 Posts
Treverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post
Those sort of no's should make Swiss companies think of off shoring to the UK, rather than bringing UK staff to CH.
Obviously not. The GBP is down due to the uncertainty of the whole Brexit thing... if anything are MNCs going to leave the UK, not the other way around. If you have a six months project might it be an opportunity, but with a longer horizon is it mostly a business risk. You can outsource to other EU countries for less money without that...
Reply With Quote
  #5  
Old 07.10.2016, 10:17
The_Love_Doctor's Avatar
Forum Legend
 
Join Date: Aug 2009
Location: Zugerberg, Zug
Posts: 3,265
Groaned at 72 Times in 58 Posts
Thanked 3,700 Times in 1,746 Posts
The_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

So we all got a pay rise then? In pounds?

With average UK salary of around 26k, the EF folk must be within the top 1%!
Reply With Quote
The following 5 users would like to thank The_Love_Doctor for this useful post:
  #6  
Old 07.10.2016, 10:18
Guest
 
Posts: n/a
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Seems last night was a glitch caused by either automatic trading or someone's fat fingers in Asia....
Reply With Quote
This user would like to thank for this useful post:
  #7  
Old 07.10.2016, 10:22
hannah'sauntie's Avatar
Forum Legend
 
Join Date: Jan 2010
Location: Baden
Posts: 4,741
Groaned at 24 Times in 22 Posts
Thanked 6,648 Times in 3,007 Posts
hannah'sauntie has a reputation beyond reputehannah'sauntie has a reputation beyond reputehannah'sauntie has a reputation beyond reputehannah'sauntie has a reputation beyond reputehannah'sauntie has a reputation beyond reputehannah'sauntie has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
Seems last night was a glitch caused by either automatic trading or someone's fat fingers in Asia....
My husband will be relieved, his UK pension isn't quite as bad as we thought.
Reply With Quote
This user would like to thank hannah'sauntie for this useful post:
  #8  
Old 07.10.2016, 10:25
The_Love_Doctor's Avatar
Forum Legend
 
Join Date: Aug 2009
Location: Zugerberg, Zug
Posts: 3,265
Groaned at 72 Times in 58 Posts
Thanked 3,700 Times in 1,746 Posts
The_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post
My husband will be relieved, his UK pension isn't quite as bad as we thought.
My sarcasm radar must be really off, or you must have got the wrong end of the stick
Reply With Quote
This user would like to thank The_Love_Doctor for this useful post:
  #9  
Old 07.10.2016, 10:25
Forum Legend
 
Join Date: Mar 2009
Location: Zurich
Posts: 13,272
Groaned at 1,188 Times in 788 Posts
Thanked 19,161 Times in 7,429 Posts
Chuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond reputeChuff has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Some more info here https://www.poundsterlinglive.com/gb...vices-pmi-3435
Reply With Quote
  #10  
Old 07.10.2016, 10:28
hannah'sauntie's Avatar
Forum Legend
 
Join Date: Jan 2010
Location: Baden
Posts: 4,741
Groaned at 24 Times in 22 Posts
Thanked 6,648 Times in 3,007 Posts
hannah'sauntie has a reputation beyond reputehannah'sauntie has a reputation beyond reputehannah'sauntie has a reputation beyond reputehannah'sauntie has a reputation beyond reputehannah'sauntie has a reputation beyond reputehannah'sauntie has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post
My sarcasm radar must be really off, or you must have got the wrong end of the stick


Edit... Wrong end of the stick, I had not long since woken up.

Last edited by hannah'sauntie; 07.10.2016 at 12:40. Reason: I am a numbskull.
Reply With Quote
  #11  
Old 07.10.2016, 10:29
gata's Avatar
Forum Legend
 
Join Date: Jan 2009
Location: Geneva
Posts: 3,864
Groaned at 67 Times in 48 Posts
Thanked 3,596 Times in 1,690 Posts
gata has a reputation beyond reputegata has a reputation beyond reputegata has a reputation beyond reputegata has a reputation beyond reputegata has a reputation beyond reputegata has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Looking for tickets to london as we speak!
Reply With Quote
  #12  
Old 07.10.2016, 10:30
The_Love_Doctor's Avatar
Forum Legend
 
Join Date: Aug 2009
Location: Zugerberg, Zug
Posts: 3,265
Groaned at 72 Times in 58 Posts
Thanked 3,700 Times in 1,746 Posts
The_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond reputeThe_Love_Doctor has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

I guess if you're a UK pensioner and thinking of retiring outside of the UK then you can forget about it now...
Reply With Quote
  #13  
Old 07.10.2016, 10:33
fatmanfilms's Avatar
The Marmite Moderator
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,017
Groaned at 450 Times in 344 Posts
Thanked 22,311 Times in 11,546 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post
Obviously not. The GBP is down due to the uncertainty of the whole Brexit thing... if anything are MNCs going to leave the UK, not the other way around. If you have a six months project might it be an opportunity, but with a longer horizon is it mostly a business risk. You can outsource to other EU countries for less money without that...
You can hedge you currency forward if you want, the will get cheaper over the next 3 years so little point IMHO.
It's interesting how people get blinkered when they have a financial interest. Expect salaries to fall in CH, they have in many ex-pat sectors over the last 15 years & more redundancies.
Reply With Quote
The following 2 users would like to thank fatmanfilms for this useful post:
  #14  
Old 07.10.2016, 10:39
Treverus's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Work in ZH, live in SZ
Posts: 11,998
Groaned at 334 Times in 273 Posts
Thanked 22,926 Times in 8,297 Posts
Treverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond reputeTreverus has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post
Expect salaries to fall in CH, they have in many ex-pat sectors over the last 15 years & more redundancies.
That's what people keep on telling me for the last 15 years... and to be honest: It is happening. But just like anything else here: Very, very slowly. I expect that I have to work longer than people today, so I have another 30 years to go. At the current speed of the development might I be ok.
Reply With Quote
The following 2 users would like to thank Treverus for this useful post:
  #15  
Old 07.10.2016, 10:39
hannah'sauntie's Avatar
Forum Legend
 
Join Date: Jan 2010
Location: Baden
Posts: 4,741
Groaned at 24 Times in 22 Posts
Thanked 6,648 Times in 3,007 Posts
hannah'sauntie has a reputation beyond reputehannah'sauntie has a reputation beyond reputehannah'sauntie has a reputation beyond reputehannah'sauntie has a reputation beyond reputehannah'sauntie has a reputation beyond reputehannah'sauntie has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post
Looking for tickets to london as we speak!
Quote:
View Post
I guess if you're a UK pensioner and thinking of retiring outside of the UK then you can forget about it now...
Packing our bags as we speak.

At least hubby has his Swiss pension too, but it is worrying. His UK pension is around half our income.
Reply With Quote
This user would like to thank hannah'sauntie for this useful post:
  #16  
Old 07.10.2016, 10:42
Guest
 
Posts: n/a
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post
Packing our bags as we speak.

At least hubby has his Swiss pension too, but it is worrying. His UK pension is around half our income.
Well it should still be about a third of your income in future
Reply With Quote
The following 2 users would like to thank for this useful post:
  #17  
Old 07.10.2016, 11:10
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 14,433
Groaned at 281 Times in 187 Posts
Thanked 18,156 Times in 7,618 Posts
Phil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond repute
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

hmm. that 5 bedroom detached house in cambridge might actually not be too bad value now...
Reply With Quote
This user would like to thank Phil_MCR for this useful post:
  #18  
Old 07.10.2016, 11:29
Guest
 
Posts: n/a
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post
I guess if you're a UK pensioner and thinking of retiring outside of the UK then you can forget about it now...
too late, too late
Reply With Quote
The following 3 users would like to thank for this useful post:
  #19  
Old 07.10.2016, 12:05
Forum Veteran
 
Join Date: Mar 2014
Location: Neuchatel
Posts: 768
Groaned at 3 Times in 3 Posts
Thanked 351 Times in 216 Posts
Enohzee has an excellent reputationEnohzee has an excellent reputationEnohzee has an excellent reputationEnohzee has an excellent reputation
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
too late, too late
But if it's in a pension it should be in diversified global investments (in multiple currencies), no?


I guess the biggest losers right now are the UK-based savers and house owners...
Reply With Quote
This user would like to thank Enohzee for this useful post:
  #20  
Old 07.10.2016, 12:10
Guest
 
Posts: n/a
Re: Wow, CHF to GBP exchange rate is pretty crazy at the moment...

Quote:
View Post
So we all got a pay rise then? In pounds?

With average UK salary of around 26k, the EF folk must be within the top 1%!
Well I earn my salary in GBP, so guess how I feel at the moment
Reply With Quote
This user would like to thank for this useful post:
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Sterling to CHF Exchange Rate Deep Purple Finance/banking/taxation 258 25.02.2016 00:51
Fixing my CHF-GBP exchange rate Enohzee Finance/banking/taxation 10 21.01.2016 21:10
Rip-off CHF/EUR exchange rate at UBS fabio Finance/banking/taxation 19 09.04.2010 17:21
Exchange to euros: is now the best moment? espinchi Finance/banking/taxation 15 29.10.2008 20:00
Exchange rate CHF - EUR: where is the best rate in Basel? jttraveller Finance/banking/taxation 3 02.07.2008 11:47


All times are GMT +2. The time now is 11:44.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0