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Old 25.02.2021, 15:50
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Buying Euros on line

I'll be leaving Switzerland permantly in about 3 months from now. I'm in the process of setting up an online bank account for the country I'm going to live and it will also be ca. 4-6 weeks till I've freed up my funds for this permanent move.

I'm shocked how the Euro is climbing against the CHF at the moment as this has a big impact on how much money I will have when I leave. At the moment it's a loss of 8K in the last month.

I'm obviously looking at getting the best deal when I come to buy Euro with my CHF and can only hope that the Euro will go down a bit in the next couple of months.

Has anyone got good currency exchange recommendations? Is there a way to "park" my CHF for a while to see if the Euro will go down again in the summer? Or am i stuffed?
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Old 25.02.2021, 15:56
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Re: Buying Euros on line

Keep it on your bank account or get a Revolut card and put the funds there.
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Old 25.02.2021, 16:37
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Re: Buying Euros on line

Yes use revolut or TransferWise to get a better deal with rates and fees than banks would offer.

It seems to me that the more things begin to return to "normal" the weaker the CHF will get and it will possibly mean the rate of exchange to the euro will only get worse. I'm absolutely no currency trading expert however!!!! Back at the height of the first lockdown the rate was around 0.95 to 1 CHF - today it's like 0.90 or 0.91 or so....it could conceivably go lower in the coming weeks and months as the situation improves.
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Old 25.02.2021, 16:51
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Re: Buying Euros on line

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I'll be leaving Switzerland permantly in about 3 months from now. I'm in the process of setting up an online bank account for the country I'm going to live and it will also be ca. 4-6 weeks till I've freed up my funds for this permanent move.

I'm shocked how the Euro is climbing against the CHF at the moment as this has a big impact on how much money I will have when I leave. At the moment it's a loss of 8K in the last month.

I'm obviously looking at getting the best deal when I come to buy Euro with my CHF and can only hope that the Euro will go down a bit in the next couple of months.

Has anyone got good currency exchange recommendations? Is there a way to "park" my CHF for a while to see if the Euro will go down again in the summer? Or am i stuffed?
Its been even more depressing vs the pound. Gone from 1 pound is 1.12 CHF in the first lockdown to 1.28 CHF now. Can I hold my investments in usd instead please - psychologically more pleasing.
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Old 25.02.2021, 17:41
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Re: Buying Euros on line

The OP likely has a 6 figure sum in CHF. Not sure I'd want to keep that in a Revolut account.


Swiss National Bank has been interfering to stop the Franc from becoming too strong. It was unlikely to get any stronger than it had been recently and for months and months it would have been prudent to buy euros or even GBP.

"Back to normal" for me is like 1.4 euro to the pound and 1.4 CHF to the euro!
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Old 25.02.2021, 19:38
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Re: Buying Euros on line

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....I'm shocked how the Euro is climbing against the CHF at the moment as this has a big impact on how much money I will have when I leave. At the moment it's a loss of 8K in the last month.
I see 1 Euro is Fr. 1.1033 at the moment. What's the big deal?
Where the heck was the Euro a month ago? What did I miss?
I admit, it's not something that mattered to me the last year
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Old 25.02.2021, 19:47
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Re: Buying Euros on line

Why don't you consider places like Interactive Brokers or OFX?
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Old 25.02.2021, 20:01
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Re: Buying Euros on line

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I see 1 Euro is Fr. 1.1033 at the moment. What's the big deal?
Where the heck was the Euro a month ago? What did I miss?
I admit, it's not something that mattered to me the last year

It's gone down about 1.5% in the last month, lowest level in a year. OP must have about half a mil he wants to transfer so the change is significant.


OP be aware that many banks will charge you to remove large amounts of money so on top of the 8k exchange rate drop you're potentially looking at 5k in withdrawal fees and 13k in exchange rate loading.
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Old 26.02.2021, 20:19
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Re: Buying Euros on line

Cheers all. I have an exit plan. 💪🇨🇵
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