Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #461  
Old 19.12.2010, 21:38
Senior Member
 
Join Date: May 2010
Location: Brussels, former Geneva area
Posts: 320
Groaned at 24 Times in 15 Posts
Thanked 328 Times in 140 Posts
belgo has an excellent reputationbelgo has an excellent reputationbelgo has an excellent reputationbelgo has an excellent reputation
Re: CHF foreign exchange highs and lows

Predicting currency rates is tricky but it is certainly a better time then ever before, i would change half of what you intended to do now and keep half for in a month or two.
Reply With Quote
  #462  
Old 20.12.2010, 10:38
pk01's Avatar
Senior Member
 
Join Date: Apr 2009
Location: Geneve
Posts: 339
Groaned at 5 Times in 4 Posts
Thanked 132 Times in 81 Posts
pk01 is considered knowledgeablepk01 is considered knowledgeablepk01 is considered knowledgeable
Re: CHF foreign exchange highs and lows

Unfortunately EUR is in big mess, partly due to club-med and partly due some 'vested interests'. In the shortterm EUR-CHF can touch 1.2, and I dont have a view for the longterm (assuming it still exists)
Reply With Quote
  #463  
Old 20.12.2010, 20:51
marton's Avatar
Forum Legend
 
Join Date: May 2008
Location: Kt. Zürich
Posts: 9,340
Groaned at 389 Times in 337 Posts
Thanked 16,303 Times in 8,845 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: CHF foreign exchange highs and lows

Quote:
View Post
Uh, I quote myself...

Today, 1€ = 1.275 CHF... So, it's getting near the point that was rumoured as an unofficial floor-limit last summer... This is getting interesting...

/Paul
Today it is under 1.27CHF for 1€
Floor must have moved
Reply With Quote
  #464  
Old 22.12.2010, 00:04
marton's Avatar
Forum Legend
 
Join Date: May 2008
Location: Kt. Zürich
Posts: 9,340
Groaned at 389 Times in 337 Posts
Thanked 16,303 Times in 8,845 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: CHF foreign exchange highs and lows

Quote:
View Post
Today it is under 1.27CHF for 1€
Floor must have moved
now 1.255 CHF/€
Reply With Quote
  #465  
Old 22.12.2010, 09:52
Gastro Gnome's Avatar
Forum Legend
 
Join Date: Aug 2008
Location: Zürich
Posts: 3,555
Groaned at 50 Times in 36 Posts
Thanked 2,856 Times in 1,550 Posts
Gastro Gnome has a reputation beyond reputeGastro Gnome has a reputation beyond reputeGastro Gnome has a reputation beyond reputeGastro Gnome has a reputation beyond reputeGastro Gnome has a reputation beyond reputeGastro Gnome has a reputation beyond repute
Re: CHF foreign exchange highs and lows

GBP/CHF is currently 1.474!
Reply With Quote
This user would like to thank Gastro Gnome for this useful post:
  #466  
Old 22.12.2010, 09:55
BasP72's Avatar
Forum Veteran
 
Join Date: Mar 2008
Location: Adliswil (close to Zurich)
Posts: 1,855
Groaned at 70 Times in 37 Posts
Thanked 1,672 Times in 799 Posts
BasP72 has a reputation beyond reputeBasP72 has a reputation beyond reputeBasP72 has a reputation beyond reputeBasP72 has a reputation beyond reputeBasP72 has a reputation beyond repute
Re: CHF foreign exchange highs and lows

Quote:
View Post
Unfortunately EUR is in big mess, partly due to club-med and partly due some 'vested interests'. In the shortterm EUR-CHF can touch 1.2, and I dont have a view for the longterm (assuming it still exists)
W.r.t. the chf the euro is low but compared to the US $ the euro is still (historically) doing very well.
About 5 to 10 years back it used to be $0.80 per euro, now it's $1.30 per euro....
Reply With Quote
  #467  
Old 22.12.2010, 10:25
porsch1909
 
Posts: n/a
Re: CHF foreign exchange highs and lows

Quote:
View Post
GBP/CHF is currently 1.474!
UBS really need to send me my new card reader quickly!
Reply With Quote
  #468  
Old 22.12.2010, 10:37
marton's Avatar
Forum Legend
 
Join Date: May 2008
Location: Kt. Zürich
Posts: 9,340
Groaned at 389 Times in 337 Posts
Thanked 16,303 Times in 8,845 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: CHF foreign exchange highs and lows

Quote:
View Post
W.r.t. the chf the euro is low but compared to the US $ the euro is still (historically) doing very well.
About 5 to 10 years back it used to be $0.80 per euro, now it's $1.30 per euro....
About "the euro is still (historically) doing very well."

I would say the euro is a mess but the $ is a bigger mess.

It was a political aim of the EU to drive up the value of the euro (from $0.80 per euro) which had the expected effect on EU imports/exports.
Reply With Quote
  #469  
Old 22.12.2010, 11:30
eyebeebe's Avatar
Forum Veteran
 
Join Date: May 2009
Location: Pfäffikon SZ
Posts: 1,733
Groaned at 16 Times in 15 Posts
Thanked 1,936 Times in 891 Posts
eyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond repute
Re: CHF foreign exchange highs and lows

So at the following rates, GBP, EUR and USD today have all hit all time lows against the CHF:
GBP/CHF - 1.47094
EUR/CHF - 1.25058
USD/CHF - 0.95186
Reply With Quote
The following 4 users would like to thank eyebeebe for this useful post:
  #470  
Old 22.12.2010, 11:31
BasP72's Avatar
Forum Veteran
 
Join Date: Mar 2008
Location: Adliswil (close to Zurich)
Posts: 1,855
Groaned at 70 Times in 37 Posts
Thanked 1,672 Times in 799 Posts
BasP72 has a reputation beyond reputeBasP72 has a reputation beyond reputeBasP72 has a reputation beyond reputeBasP72 has a reputation beyond reputeBasP72 has a reputation beyond repute
Re: CHF foreign exchange highs and lows

Quote:
View Post
About "the euro is still (historically) doing very well."

I would say the euro is a mess but the $ is a bigger mess.

It was a political aim of the EU to drive up the value of the euro (from $0.80 per euro) which had the expected effect on EU imports/exports.
So if the uero is a mess, the $ is a mess, then what is not a mess ? The yuan ? If everything is a mess then maybe we should change our judging
Reply With Quote
This user would like to thank BasP72 for this useful post:
  #471  
Old 22.12.2010, 11:41
MrVertigo's Avatar
Forum Legend
 
Join Date: Feb 2010
Location: CH
Posts: 3,210
Groaned at 86 Times in 70 Posts
Thanked 5,788 Times in 2,254 Posts
MrVertigo has a reputation beyond reputeMrVertigo has a reputation beyond reputeMrVertigo has a reputation beyond reputeMrVertigo has a reputation beyond reputeMrVertigo has a reputation beyond reputeMrVertigo has a reputation beyond repute
Re: CHF foreign exchange highs and lows

Could be 2011 the year we'd see 1€ = 1 CHF ?
Reply With Quote
  #472  
Old 22.12.2010, 11:48
The_Love_Doctor's Avatar
Forum Legend
 
Join Date: Aug 2009
Location: Zugerberg, Zug
Posts: 3,264
Groaned at 71 Times in 55 Posts
Thanked 3,656 Times in 1,732 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: CHF foreign exchange highs and lows

Quote:
View Post
Could be 2011 the year we'd see 1€ = 1 CHF ?
NO...
Reply With Quote
  #473  
Old 22.12.2010, 12:00
marton's Avatar
Forum Legend
 
Join Date: May 2008
Location: Kt. Zürich
Posts: 9,340
Groaned at 389 Times in 337 Posts
Thanked 16,303 Times in 8,845 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: CHF foreign exchange highs and lows

Quote:
View Post
So if the uero is a mess, the $ is a mess, then what is not a mess ? The yuan ? If everything is a mess then maybe we should change our judging
Swiss Franc is not a mess, luckily for those of us who live here. What else should I judge other currencies against?

Other non mess currencies are Australian, Canadian, NZ dollars, Norwegian Krone &&&&.
I would not describe yuan as a mess; I subscribe to the view it is held at too low a level.
Reply With Quote
  #474  
Old 22.12.2010, 12:03
marton's Avatar
Forum Legend
 
Join Date: May 2008
Location: Kt. Zürich
Posts: 9,340
Groaned at 389 Times in 337 Posts
Thanked 16,303 Times in 8,845 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: CHF foreign exchange highs and lows

Quote:
View Post
Could be 2011 the year we'd see 1€ = 1 CHF ?
Well the SNB president Philipp Hildebrand has been going around talking about a "horror scenario" of 1 euro = 50 rappen.
Do not know over what time scale.....
Reply With Quote
  #475  
Old 22.12.2010, 12:13
MrVertigo's Avatar
Forum Legend
 
Join Date: Feb 2010
Location: CH
Posts: 3,210
Groaned at 86 Times in 70 Posts
Thanked 5,788 Times in 2,254 Posts
MrVertigo has a reputation beyond reputeMrVertigo has a reputation beyond reputeMrVertigo has a reputation beyond reputeMrVertigo has a reputation beyond reputeMrVertigo has a reputation beyond reputeMrVertigo has a reputation beyond repute
Re: CHF foreign exchange highs and lows

Quote:
View Post
Well the SNB president Philipp Hildebrand has been going around talking about a "horror scenario" of 1 euro = 50 rappen.
Do not know over what time scale.....
already the total parity 1:1 is a nightmare, let alone the 50 rappen .

all imported goods should be cheaper for us here
what would be other consequence: recession in switzerland due to collapse of export industry? Basically swiss authorities have not really a lot of options to avoid the scenario.
Reply With Quote
  #476  
Old 22.12.2010, 12:20
pk01's Avatar
Senior Member
 
Join Date: Apr 2009
Location: Geneve
Posts: 339
Groaned at 5 Times in 4 Posts
Thanked 132 Times in 81 Posts
pk01 is considered knowledgeablepk01 is considered knowledgeablepk01 is considered knowledgeable
Re: CHF foreign exchange highs and lows

very good for swiss retail sector, but bad news for the exports, tourism and salaried employees. in the long run salaries will have to come down to be competitive as only so much efficiencies can be found

Last edited by pk01; 22.12.2010 at 14:20.
Reply With Quote
  #477  
Old 22.12.2010, 12:32
eyebeebe's Avatar
Forum Veteran
 
Join Date: May 2009
Location: Pfäffikon SZ
Posts: 1,733
Groaned at 16 Times in 15 Posts
Thanked 1,936 Times in 891 Posts
eyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond reputeeyebeebe has a reputation beyond repute
Re: CHF foreign exchange highs and lows

Quote:
View Post
all imported goods should be cheaper for us here
More likely that retailers selling imported goods will improve their margins, than passing on (all of) the savings.
Reply With Quote
This user would like to thank eyebeebe for this useful post:
  #478  
Old 22.12.2010, 12:50
porsch1909
 
Posts: n/a
Re: CHF foreign exchange highs and lows

Quote:
View Post
very good for swiss retail sector, but bad news for the exports, tourism and salaried employees. in the long run salaries will have come down to be competitive as only so much efficiencies can be found
Bad news for academic institutes that receive funding from the EU
Reply With Quote
  #479  
Old 22.12.2010, 12:57
Paulus Camillus's Avatar
Junior Member
 
Join Date: Oct 2009
Location: Helsinki, Finland
Posts: 60
Groaned at 0 Times in 0 Posts
Thanked 44 Times in 25 Posts
Paulus Camillus is considered knowledgeablePaulus Camillus is considered knowledgeablePaulus Camillus is considered knowledgeable
Re: CHF foreign exchange highs and lows

Ah, the floor of 1€=1.25CHF has been hit today : 1€=1.24999 CHF.

The visible reaction (by anticipation, a few days ago) of the Swiss National Bank (SNB) has been to warn that the CHF could rise much higher than that.

If I hear between the words, it means that, after all, the SNB may not do anything right now. The rumors of last summer were that the SNB would do "something" if the euro reaches this floor of 1.25 CHF, but if the SNB does not do more than blowing the trumpets of forecast, the rumors would prove to have been incorrect. So, I assume that the experts of the Swiss economy are very busy now, trying to figure out the consequences of an even weaker euro, basically somewhere between 0.5 CHF and 1.5 CHF, so there is much to be busy about for the experts.

/Paul
Reply With Quote
  #480  
Old 22.12.2010, 14:11
marton's Avatar
Forum Legend
 
Join Date: May 2008
Location: Kt. Zürich
Posts: 9,340
Groaned at 389 Times in 337 Posts
Thanked 16,303 Times in 8,845 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: CHF foreign exchange highs and lows

Quote:
View Post
Ah, the floor of 1€=1.25CHF has been hit today : 1€=1.24999 CHF.

The visible reaction (by anticipation, a few days ago) of the Swiss National Bank (SNB) has been to warn that the CHF could rise much higher than that.

If I hear between the words, it means that, after all, the SNB may not do anything right now. The rumors of last summer were that the SNB would do "something" if the euro reaches this floor of 1.25 CHF, but if the SNB does not do more than blowing the trumpets of forecast, the rumors would prove to have been incorrect. So, I assume that the experts of the Swiss economy are very busy now, trying to figure out the consequences of an even weaker euro, basically somewhere between 0.5 CHF and 1.5 CHF, so there is much to be busy about for the experts.

/Paul
Not sure what more the SNB could do?

Move to negative interest rates? They have done it before but it is somehow not a popular move with the locals watching their savings evaporating .....
Buy more euro? They already filled the cellars with many billions of euro which only succeeded in delaying the inevitable CHF rise.

Marton
Reply With Quote
Reply

Tags
currency exchange




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
Declaring foreign income: which exchange rate? MountBerg Finance/banking/taxation 12 17.12.2014 05:52
Exchange to CHF Atomic Finance/banking/taxation 3 10.05.2010 10:41
Exchange rate CHF / EUR MatteoColombo Finance/banking/taxation 0 26.03.2010 22:02
what is more economical to exchange chf to pound delu Other/general 1 17.02.2010 15:47
Exchange rates to CHF TAE Finance/banking/taxation 10 23.09.2009 09:12


All times are GMT +2. The time now is 17:43.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0