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  #341  
Old 27.08.2010, 14:19
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Re: CHF foreign exchange highs and lows

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What is considered to be the "normal" CHF - Euro exchange rate?
When Germany introduced the euro it was set @1.5Chf on the first day - I even bought some in a german bank that was having a big party with wine & wurst.

I assume this is the level that the SNB would prefer.

Last edited by marton; 27.08.2010 at 14:29. Reason: corrected mis statement
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  #342  
Old 27.08.2010, 14:20
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Re: CHF foreign exchange highs and lows

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What is considered to be the "normal" CHF - Euro exchange rate?
Chart showing the last five years.
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  #343  
Old 27.08.2010, 14:31
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Re: CHF foreign exchange highs and lows

so is it time for me to buy euro or will the euro fall even further?
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  #344  
Old 27.08.2010, 14:32
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Re: CHF foreign exchange highs and lows

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Which bakery are you referring to Adrian? Can you please provide the address?
Personally, I use to go to

La Fournée des Lys
Boulangerie Leyes
43, rue de Mulhouse
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  #345  
Old 30.08.2010, 10:49
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Re: CHF foreign exchange highs and lows

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so is it time for me to buy euro or will the euro fall even further?
Well the eurozone countries spent almost a trillion euros & Switzerland another 130 billion to unsuccessfully stop the euro falling against the Swiss franc.

so why would you think now is a good time to buy euros?
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  #346  
Old 30.08.2010, 11:11
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Re: CHF foreign exchange highs and lows

I think it is a good oportunity to buy euros, you also get much higher interests. But also think about other currencies where you get good interest rate.
Why not buing Renminbi now and get prepared to relocate to China because most busines has moved there.
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  #347  
Old 30.08.2010, 11:35
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Re: CHF foreign exchange highs and lows

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I think it is a good oportunity to buy euros, you also get much higher interests. But also think about other currencies where you get good interest rate.
Is one extra % of interest worth potentially losing 20% (or more) in exchange-rate fluctuations? Go ask someone in Europe holding a Yen-denominated mortgage in 2008 how well that plan worked for them.
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  #348  
Old 30.08.2010, 11:42
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Re: CHF foreign exchange highs and lows

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Is one extra % of interest worth potentially losing 20% (or more) in exchange-rate fluctuations? Go ask someone in Europe holding a Yen-denominated mortgage in 2008 how well that plan worked for them.
Or equally, ask a Hungarian, Pole or Austrian with a Swiss franc denominated mortgage (mis)sold to them on the basis of it being a cheaper alternative!
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  #349  
Old 30.08.2010, 11:57
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Re: CHF foreign exchange highs and lows

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I think it is a good oportunity to buy euros, you also get much higher interests. But also think about other currencies where you get good interest rate.
Why not buing Renminbi now and get prepared to relocate to China because most busines has moved there.
Cost of living is low in China & I would like to experience a 100Km traffic jam (not)!
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  #350  
Old 31.08.2010, 11:45
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Re: CHF foreign exchange highs and lows

11:45 am today
1 USD = CHF 1.0191
1 EUR = CHF 1.2918
1 GBP = CHF 1.5707 (was a smidge over 1.60 24 hrs ago)

This is getting serious.
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  #351  
Old 31.08.2010, 11:59
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Re: CHF foreign exchange highs and lows

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11:45 am today
1 USD = CHF 1.0191
1 EUR = CHF 1.2918
1 GBP = CHF 1.5707 (was a smidge over 1.60 24 hrs ago)

This is getting serious.
If I only knew where next so I could buy some options
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  #352  
Old 31.08.2010, 12:04
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Re: CHF foreign exchange highs and lows

can anyone guess the how low GBP can go? I previously thought it cannot get any lower than 1.5, but now not so sure

is 1.3 or 1.35 possible?
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  #353  
Old 31.08.2010, 12:11
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Re: CHF foreign exchange highs and lows

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can anyone guess the how low GBP can go? I previously thought it cannot get any lower than 1.5, but now not so sure

is 1.3 or 1.35 possible?
I wish!

A guy is leaving in the office and had a £10 note. I gave him 15 francs for it
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  #354  
Old 31.08.2010, 15:50
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Re: CHF foreign exchange highs and lows

I don`t think Sfr. will stay so hight. Ups Euro euro interest rates have dropped, so it is not realy a good idea.
Other options are Ozzie Kiwi Dollar, but i am thinking of Philipino Peso, very stable but hard to find a bank there which is trustable and you can get in contact. Peso might be a great idea for a limited amount.

Invest it on your wife if you got one, or take her to an holiday or buy a love shack.

Last edited by Tom73; 31.08.2010 at 16:12.
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  #355  
Old 31.08.2010, 16:08
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Re: CHF foreign exchange highs and lows

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Is one extra % of interest worth potentially losing 20% (or more) in exchange-rate fluctuations? Go ask someone in Europe holding a Yen-denominated mortgage in 2008 how well that plan worked for them.
yep that is not such a good thing, but also it could have gone the other way too. I assume the mortgage selling bank did not tell much about the risk and the mortgage was maximum 30% in Yen.
I am sure the banksters wanted to sell something, not the best product which suited the customer.
I rather trust Mike Shiva than those banks, some realy tell you b....it, cs even is telling you the history of this bank wasting your time for 11minutes and get hassled with sentimentality but say no word what`s exactly in their product.
At least their coffee is good and i know now that you schould not take what you are offered without questions.
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  #356  
Old 31.08.2010, 16:15
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Re: CHF foreign exchange highs and lows

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I wish!

A guy is leaving in the office and had a £10 note. I gave him 15 francs for it
sell or use it quickly
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  #357  
Old 31.08.2010, 16:16
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Re: CHF foreign exchange highs and lows

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can anyone guess the how low GBP can go? I previously thought it cannot get any lower than 1.5, but now not so sure

is 1.3 or 1.35 possible?
USD and GBP have a real possibility of going the way of the Zim dollar. Worst case scenario, but a real one.

in the end though, i think that along with Greece, the UK and US will just default on their debts either directly or more likely through more subtle means.
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  #358  
Old 31.08.2010, 22:37
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Re: CHF foreign exchange highs and lows

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I don`t think Sfr. will stay so hight. Ups Euro euro interest rates have dropped, so it is not realy a good idea.
Other options are Ozzie Kiwi Dollar, but i am thinking of Philipino Peso, very stable but hard to find a bank there which is trustable and you can get in contact. Peso might be a great idea for a limited amount.

Invest it on your wife if you got one, or take her to an holiday or buy a love shack.
About "I don`t think Sfr. will stay so high"
& your reasons?
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  #359  
Old 31.08.2010, 22:49
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Re: CHF foreign exchange highs and lows

well I know it's worst timing ever to move, as we are buying a house with money that is still in EUR... it's 1.28 for god's sake, when we decided on the house it was 1.60! Thank you greece...

So I can tell you guys: I know for sure that as soon as the money is transferred, the SFR will drop.
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  #360  
Old 01.09.2010, 11:08
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Re: CHF foreign exchange highs and lows

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USD and GBP have a real possibility of going the way of the Zim dollar. Worst case scenario, but a real one.

in the end though, i think that along with Greece, the UK and US will just default on their debts either directly or more likely through more subtle means.
You mean we are on the same boats, Dinosaurs were 65'000'001 years ago
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