Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #161  
Old 16.10.2009, 09:51
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: Gbp/chf..wow 1.76

Quote:
View Post
xe.com, but there is a fixed transfer charge, and it takes a while to set up an account.

Credit Suisse also appear to offer a better deal then UBS.

http://www.oanda.com/convert/classic...ate_fmt=normal
I can't see the spread using that tool . . . it just gives a middle rate.
Reply With Quote
  #162  
Old 16.10.2009, 09:57
porsch1909
 
Posts: n/a
Re: Gbp/chf..wow 1.76

Quote:
View Post
xe.com, but there is a fixed transfer charge, and it takes a while to set up an account.

Credit Suisse also appear to offer a better deal then UBS.

http://www.oanda.com/convert/classic...ate_fmt=normal

So if I go into a bank to change some sterling pounds I'd get 1.72CHF to the pound?
Reply With Quote
  #163  
Old 16.10.2009, 10:13
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: Gbp/chf..wow 1.76

Quote:
View Post
So if I go into a bank to change some sterling pounds I'd get 1.72CHF to the pound?

not right now you won't! you'll be lucky to get 1.61!!!, if you're exchanging CHF to pound they will most likely charge you 1.68 for every pound...

easy money for the bank, buy cheap sell for more
Reply With Quote
  #164  
Old 16.10.2009, 10:18
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: Gbp/chf..wow 1.76

Quote:
View Post
Go on then??



Royal mail currency exchange seem to be the best from the places I've searched! You can get upto 1.62 though at interchange (never heard of them)



Where else does one get currency from?



We're waiting??

You're still waiting? if you're looking for CHF I can give you a rate depending on how much you want to exchange obviously depending on when you want it?

PS: will definately beat the post office offers you get and any other bank!
Reply With Quote
  #165  
Old 16.10.2009, 11:22
porsch1909
 
Posts: n/a
Re: Gbp/chf..wow 1.76

Quote:
View Post
You're still waiting? if you're looking for CHF I can give you a rate depending on how much you want to exchange obviously depending on when you want it?

PS: will definately beat the post office offers you get and any other bank!

My lord you are annoying.
Reply With Quote
  #166  
Old 16.10.2009, 11:52
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: Gbp/chf..wow 1.76

Quote:
View Post
My lord you are annoying.
I was answering your question! I'll know who to ignore next time!

Last edited by Uncle Max; 16.10.2009 at 17:10. Reason: Keep it civilised, please
Reply With Quote
  #167  
Old 16.10.2009, 15:17
porsch1909
 
Posts: n/a
Re: Gbp/chf..wow 1.76

Quote:
View Post
XxxxxxxxxxxxxxxxxxxxxxX. I was answering your question! I'll know who to ignore next time!
Let's not resort to name calling. You keep talking about these magical rates that you and only you seem to be able to get.

Why don't you tell US where WE can get these rates for ourselves for a variety of different values of money.

Why don't you actually give some details on where you are getting this rate from instead of just putting a giant face as if you know some sort of big secret which nobody else in the world knows!!

And you answered diddly squat. You asked another question. That was all.

Last edited by Uncle Max; 16.10.2009 at 17:11. Reason: Edited out insults from quote. Original message unchanged
Reply With Quote
  #168  
Old 16.10.2009, 15:53
Junior Member
 
Join Date: May 2009
Location: Baar
Posts: 39
Groaned at 24 Times in 17 Posts
Thanked 30 Times in 17 Posts
indian_in_zug has become a little unpopular
Re: Gbp/chf..wow 1.76

porsch - he is able to offer better rates because he needs GBP and you need CHF, instead of you both going to bank if you exchange at mid-market rate you both save some money (by eliminating the commision taken by bank)

Hope this is clear
Reply With Quote
  #169  
Old 17.10.2009, 07:33
BeastOfBodmin's Avatar
Forum Veteran
 
Join Date: Oct 2006
Location: Zürich
Posts: 869
Groaned at 3 Times in 2 Posts
Thanked 351 Times in 229 Posts
BeastOfBodmin has a reputation beyond reputeBeastOfBodmin has a reputation beyond reputeBeastOfBodmin has a reputation beyond reputeBeastOfBodmin has a reputation beyond repute
Re: Gbp/chf..wow 1.76

Quote:
View Post
I can't see the spread using that tool . . . it just gives a middle rate.
Good point! That is a problem with the site if you don't have an account.

If you sign up and execute a deal, you get a quote by e-mail with total costs. From that you can work out the effective rate. From memory, XE's "tax" amounts to a couple of percent. e.g. the 1.65 spot rate becomes 1.63 - 1.64. Then there is a fixed handling charge for the wire transfer.

I've found their support very helpful and informative. I suppose you could always e-mail them for a more exact answer.
Reply With Quote
  #170  
Old 01.03.2010, 12:53
Slaphead's Avatar
Forum Legend
 
Join Date: May 2007
Location: Zürich
Posts: 3,230
Groaned at 34 Times in 30 Posts
Thanked 9,408 Times in 2,870 Posts
Slaphead has a reputation beyond reputeSlaphead has a reputation beyond reputeSlaphead has a reputation beyond reputeSlaphead has a reputation beyond reputeSlaphead has a reputation beyond reputeSlaphead has a reputation beyond repute
Re: Gbp/chf..wow 1.76

As I read this at the moment, the Pound has plummeted to under 1.6 Francs to the Pound. Good time to buy if you're planning a trip to England.

BBC data here
Reply With Quote
The following 2 users would like to thank Slaphead for this useful post:
  #171  
Old 01.03.2010, 13:29
NicM's Avatar
Senior Member
 
Join Date: Nov 2006
Location: zurich
Posts: 489
Groaned at 2 Times in 2 Posts
Thanked 191 Times in 115 Posts
NicM has a reputation beyond reputeNicM has a reputation beyond reputeNicM has a reputation beyond reputeNicM has a reputation beyond repute
Re: Gbp/chf..wow 1.76

that's about the best (or worst) it has been in a long time, any one have an idea on how low it could go?

Quote:
View Post
As I read this at the moment, the Pound has plummeted to under 1.6 Francs to the Pound. Good time to buy if you're planning a trip to England.

BBC data here
Reply With Quote
  #172  
Old 01.03.2010, 13:39
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: Gbp/chf..wow 1.76

Quote:
View Post
that's about the best (or worst) it has been in a long time, any one have an idea on how low it could go?
It will be wobbly until the general election and predictions of the result will affect the pound's value until then.
Reply With Quote
This user would like to thank Gastro Gnome for this useful post:
  #173  
Old 01.03.2010, 14:31
cmjohno's Avatar
Member
 
Join Date: Sep 2008
Location: Zurich
Posts: 128
Groaned at 0 Times in 0 Posts
Thanked 114 Times in 50 Posts
cmjohno has an excellent reputationcmjohno has an excellent reputationcmjohno has an excellent reputationcmjohno has an excellent reputation
Re: Gbp/chf..wow 1.76

Quote:
View Post
that's about the best (or worst) it has been in a long time, any one have an idea on how low it could go?
I don't think any of us have a clue on currencies as to where they go. Interest rate differentials and all classical econometric models went out of the window with Quantitative Easing (QE).

Some will point you to political concerns and the election, but there are as always a million other factors weighing in. Budget deficits are definitely in vogue following the fun and games in Greece. It is boring now to just take a pop at the Euro for exposure to Portugal, Italy, Ireland & Spain (PIIGS or so called "Club Med" countries) so instead people are turning their attention to the UK and Japan as other popular currencies with currencies that are worth a kick.
http://www.bloomberg.com/apps/news?p...0UJHHx8E&pos=3

The only bet I would be prepared to make is that currencies don't remain at the current level for a long time, just don't ask me for a rate or even a direction.
Reply With Quote
  #174  
Old 01.03.2010, 14:35
cmjohno's Avatar
Member
 
Join Date: Sep 2008
Location: Zurich
Posts: 128
Groaned at 0 Times in 0 Posts
Thanked 114 Times in 50 Posts
cmjohno has an excellent reputationcmjohno has an excellent reputationcmjohno has an excellent reputationcmjohno has an excellent reputation
Re: Gbp/chf..wow 1.76

Quote:
View Post
It will be wobbly until the general election and predictions of the result will affect the pound's value until then.
If the Tories (Conservative Party) continue to lose ground at the current rate then they leave open the truely horrific prospect of a hung-parliament. We could then see a comedy double act with Alistair Darling and George Osborne. It would be like having the chuckle brothers in charge, just more expensive. Now that would be really wobbly
Reply With Quote
  #175  
Old 01.03.2010, 18:47
Nev
 
Posts: n/a
Re: Gbp/chf..wow 1.76

Quote:
View Post
It will be wobbly until the general election and predictions of the result will affect the pound's value until then.
Exactly. The fear is a hung parliament. Lot of speculators have come out to play but they hedge their bets. Very easy for non professionals to get their fingers burnt.
Reply With Quote
  #176  
Old 01.03.2010, 18:54
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: Gbp/chf..wow 1.76

Quote:
View Post
If the Tories (Conservative Party) continue to lose ground at the current rate then they leave open the truely horrific prospect of a hung-parliament. We could then see a comedy double act with Alistair Darling and George Osborne. It would be like having the chuckle brothers in charge, just more expensive. Now that would be really wobbly
You'd never have a Con-Lab coalition.

Expect Con-Lib or Lab-Lib. The minor party would not get a Treasury role (unless there was an outbreak of sanity and Vince Cable got a chance).

We're all talking about the pound's weakness, but of course, this is relative to other currencies. With regard to CHF, the big risk is still Greece. This is because Swiss banks are highly exposed to Greek debt and also because the SNB would seek to keep the Franc from rising to much against a weakened Euro.
Reply With Quote
  #177  
Old 01.03.2010, 18:58
Deep Purple's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: England
Posts: 5,259
Groaned at 16 Times in 15 Posts
Thanked 5,236 Times in 2,551 Posts
Deep Purple has a reputation beyond reputeDeep Purple has a reputation beyond reputeDeep Purple has a reputation beyond reputeDeep Purple has a reputation beyond reputeDeep Purple has a reputation beyond reputeDeep Purple has a reputation beyond repute
Re: Gbp/chf..wow 1.76

Quote:
View Post
As I read this at the moment, the Pound has plummeted to under 1.6 Francs to the Pound. Good time to buy if you're planning a trip to England.

BBC data here
It is the biggest move for quite a few weeks. I hope that it goes back the other way (but I am biased )
Reply With Quote
  #178  
Old 03.03.2010, 20:54
Senior Member
 
Join Date: May 2008
Location: Zug
Posts: 268
Groaned at 35 Times in 25 Posts
Thanked 139 Times in 82 Posts
mike_n has made some interesting contributions
Re: Gbp/chf..wow 1.76

In 2000 GBPCHF was 2.6, now it's 1.6. Who invented the printed press?
The Swiss is printing money too, but to a lesser extent. It will certainly go up and down, but long time the direction is clearly down, another couple of years at the current speed and we'll have parity.
Reply With Quote
  #179  
Old 03.03.2010, 21:19
Nev
 
Posts: n/a
Re: Gbp/chf..wow 1.76

Quote:
View Post
It will certainly go up and down, but long time the direction is clearly down, another couple of years at the current speed and we'll have parity.
Then shouldn't you sell it now and buy it back later?
Reply With Quote
  #180  
Old 03.03.2010, 21:20
porsch1909
 
Posts: n/a
Re: Gbp/chf..wow 1.76

Quote:
View Post
In 2000 GBPCHF was 2.6, now it's 1.6. Who invented the printed press?
The Swiss is printing money too, but to a lesser extent. It will certainly go up and down, but long time the direction is clearly down, another couple of years at the current speed and we'll have parity.

The salaries can't have been very attractive in comparison to the UK then! Also prices must have been pretty normal?
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 18:36.


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