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  #21  
Old 19.06.2020, 15:59
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Re: Euro - CHF parity?

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According to UBS economist Daniel Kalt quoted in the Tribune de Geneve the Euro / CHF should reach parity within a few years. Is this a realistic scenario? I had always assumed that if the Eurozone could stabilise and overcome the debt crisis of countries like Greece and Italy that the exchange rate would go back to being something like 1 CHF = 70 cent
When I first came to Switzerland (in the early 1990s) I had previously lived in Germany and at the time the CHF was about 0.90DM or therabouts. At some of the shops in Weil and places like that they would take 1 CHF coins at the value of 1DM, which was a total rip-off.

When the DM was switched over to the EUR, one DM became 0.50 EUR. So had they had EUR back in the 1990s, one EUR would have been 1.80CHF.

Today it's somewhere between parity and 1.10.

Of course it's highly unprofessional to just extraoplate trends without looking at the causes behind them, but if we do just that, the EUR will be 60 Rappen in 2050.
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  #22  
Old 19.06.2020, 16:04
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Re: Euro - CHF parity?

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Not just people in the EU. People everywhere view the swissy as a safe haven.

Try and source a CHF1000 note. You might find one or two, but I doubt if you could find 10 or 20. They are in very short supply.
I've never had that problem.

I walked into the Migros Bank by Limmatplatz a couple of years back, signed up for an easy credit and walked out with 40K in 1000CHF notes. Nobody batted an eyelid. I even had to actually ask for an envelope, and the lady said "what? you want them in an envelope?".

Most people around Limmatplatz obviously don't mind walking around with small change in hand.
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  #23  
Old 19.06.2020, 18:04
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Re: Euro - CHF parity?

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No, they are super easy to get. Go at your bank, ask for X amount in cash in 1000 bills. No questions asked.

UBS seem to be a bit more of a hassle, certain branches have limits on 10k but Credit Suisse is super easy in getting large amount of cash in big bills
Actually if you use the web portal or mobile app to warn UBS that you are coming to your small neighborhood branch the day or so before, they will have it prepared in an envelope. Just count, sign and go. Or you can order it delivered by registered post.

Once I wanted some Thai Baht as an office gift for a departing (graduating) student that was about to celebrate by backpacking around Asia. I went in to order the currency expecting to have to return the next day to pick it up. To my surprise the cashier reached into a drawer, took out a stack and started counting them out. Admittedly I was in the downtown UBS branch, but this is Switzerland where cash is king, even the foreign kind.
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  #24  
Old 19.06.2020, 21:15
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Re: Euro - CHF parity?

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When I first came to Switzerland (in the early 1990s) I had previously lived in Germany and at the time the CHF was about 0.90DM or therabouts. At some of the shops in Weil and places like that they would take 1 CHF coins at the value of 1DM, which was a total rip-off.

When the DM was switched over to the EUR, one DM became 0.50 EUR. So had they had EUR back in the 1990s, one EUR would have been 1.80CHF.

Today it's somewhere between parity and 1.10.

Of course it's highly unprofessional to just extraoplate trends without looking at the causes behind them, but if we do just that, the EUR will be 60 Rappen in 2050.
In 2009 it was 1 EUR=1.5 CHF

Current rate is because EUR QE and negative rates not because CHF is a strong economy. It is not. It is a bank heaven where you store your cash and this supports lots of cash inflows.
Effectively the future of the EUR will be determined by the ECB.
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  #25  
Old 19.06.2020, 21:25
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Re: Euro - CHF parity?

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Actually it's 59%, and 17% each for 100 and 200 notes.
Interestingly still 96 million outstanding from the 6th series 500 CHF notes from the late 1970's. Amazing whats in safe deposit boxes & under the mattress. Current series is 9th series, I remember a SBC banker in the 90's telling me that banks will always change old notes & not to worry as he gave me a bundle of 7 series 1000 chf notes.
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  #26  
Old 20.06.2020, 18:37
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Re: Euro - CHF parity?

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In 2009 it was 1 EUR=1.5 CHF

Current rate is because EUR QE and negative rates not because CHF is a strong economy. It is not. It is a bank heaven where you store your cash and this supports lots of cash inflows.
Effectively the future of the EUR will be determined by the ECB.
Feel free to name the currencies that appreciated in value against the CHF since the dissolution of Bretton-Woods, i.e. since most currencies (exceptions apply, obviously) have been allowed to float relatively freely . It'll be an extremely short list.
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  #27  
Old 20.06.2020, 19:23
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Re: Euro - CHF parity?

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Feel free to name the currencies that appreciated in value against the CHF since the dissolution of Bretton-Woods, i.e. since most currencies (exceptions apply, obviously) have been allowed to float relatively freely . It'll be an extremely short list.
The Kuwaiti Dinar?
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  #28  
Old 20.06.2020, 20:10
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Re: Euro - CHF parity?

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The Kuwaiti Dinar?
List length: zero

.....

It doesn't really matter if there are a few. AFAIK the only major one that's at least more or less flat (with huge movements in between) is the JPY. The €, the topic, is on a clear downward path longer term, as are all its (the ECU's) components (predecessors).
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  #29  
Old 20.06.2020, 21:12
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Re: Euro - CHF parity?

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Interestingly still 96 million outstanding from the 6th series 500 CHF notes from the late 1970's. Amazing whats in safe deposit boxes & under the mattress. Current series is 9th series, I remember a SBC banker in the 90's telling me that banks will always change old notes & not to worry as he gave me a bundle of 7 series 1000 chf notes.
A nonzero amount must have been destroyed or lost. Fires, wallets dropped into the lake, people using them to light their cigars (no joke), etc. However they can't be taken off the books because the notes never lapse, same for the other denominations.
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  #30  
Old 21.06.2020, 13:10
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Re: Euro - CHF parity?

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Feel free to name the currencies that appreciated in value against the CHF since the dissolution of Bretton-Woods, i.e. since most currencies (exceptions apply, obviously) have been allowed to float relatively freely . It'll be an extremely short list.
Not sure how this will help me. I usually don't recommend investing in other currencies other than your home country unless you go often on vacation or you have interest in these countries (for example property).

For example although EUR had depreciated a lot vs CHF keeping the money in EUR still was more beneficial since you could get good interest rates (up to 2015) and also the eurozone is a huge area where life is very nice and you can spend your money in various places and city from very hot areas (like Spain) to very cold like Austria. Still it was better to keep your money in EUR (not anymore ofcourse).
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  #31  
Old 21.06.2020, 16:50
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Re: Euro - CHF parity?

1 chf = 0,93914 eur. V
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  #32  
Old 21.06.2020, 17:54
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Re: Euro - CHF parity?

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Not sure how this will help me.
Not sure why you expect people to help (provided they can in the first place) when you don't ask.
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  #33  
Old 21.06.2020, 19:44
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Re: Euro - CHF parity?

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Not sure why you expect people to help (provided they can in the first place) when you don't ask.
Ι don't expect anything.
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