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-   -   Weak Swiss Franc (https://www.englishforum.ch/finance-banking-taxation/5671-weak-swiss-franc.html)

Lex 28.08.2007 23:52

Re: Weak Swiss Franc
 
credit crunch over? Not a chance,,, its just starting by the looks of it.

Pekka 03.11.2007 22:06

Re: Weak Swiss Franc
 
It's about time to start wiring some money again... anyone else? Who get's the best rate for SFr./ next week?

(Like it really matters with these amounts...) :msntongue:

Gav 02.01.2008 16:57

Re: Weak Swiss Franc
 
Resurrecting thread:

Not looking quite so weak any more, not vs sterling anyway:

From www.xe.com

Live rates at 2008.01.02 15:38:04 UTC ==1.00 CHF== ===== ==0.450071 GBP== Switzerland Francs United Kingdom Pounds 1 CHF = 0.450071 GBP , 1 GBP = 2.22187 CHF
Compared with last August:

Live rates at 2007.08.15 09:39:33 UTC ==1.00 CHF== ===== ==0.414355 GBP== Switzerland Francs United Kingdom Pounds 1 CHF = 0.414355 GBP , 1 GBP = 2.41339 CHF

Not bad, almost 10% increase in five months. Beats the interest I'd have made converting to stg back then and shoving into a UK savings account.

But now, to keep my hoard of dosh in CHF or move it to Stg.... or perhaps, gold :msncool:

Derek 08.01.2008 15:05

Re: Weak Swiss Franc
 
Quote:

Originally Posted by DC_in_Hombi (Post 49158)
"Weak Swiss Franc"
2.4 to the GBP is about spot on. I have always calculated at this rate.

I remember in 2000 it was up around 2.7 I think that was weak.

DC

When I arrived in Switzerland in August 1969 there were CHF10.20 to the Pound....

gbn 08.01.2008 16:28

Re: Weak Swiss Franc
 
Quote:

Originally Posted by Derek (Post 152712)
When I arrived in Switzerland in August 1969 there were CHF10.20 to the Pound....

Was that before or after the dinosaur killer meteorite?
Did this have any, er, impact?

Derek 08.01.2008 16:33

Re: Weak Swiss Franc
 
Before, actually...Happy years, when everything in London was cheap and we were Swissfrankrich.........

Pekka 08.01.2008 16:45

Re: Weak Swiss Franc
 
Quote:

Originally Posted by Derek (Post 152786)
Before, actually...Happy years, when everything in London was cheap and we were Swissfrankrich.........


Would you be willing to start a "Good old days thread"? It would be interesting to hear how life was back when the living standard in Switzerland was considerably higher than the rest of Europe and the salaries as well. Or was it ever really so?

AbFab 08.01.2008 17:40

Re: Weak Swiss Franc
 
Quote:

Originally Posted by Pekka (Post 152800)
Would you be willing to start a "Good old days thread"? It would be interesting to hear how life was back when the living standard in Switzerland was considerably higher than the rest of Europe and the salaries as well. Or was it ever really so?

It was of course the other way round. With CHF10.20 to 1, Switzerland was cheap for Brits and the UK expensive for the Swiss...

Pekka 08.01.2008 18:17

Re: Weak Swiss Franc
 
Quote:

Originally Posted by AbFab (Post 152839)
It was of course the other way round. With CHF10.20 to 1, Switzerland was cheap for Brits and the UK expensive for the Swiss...

How about the good old days? Were there ever any?

AbFab 08.01.2008 18:34

Re: Weak Swiss Franc
 
Quote:

Originally Posted by Pekka (Post 152853)
How about the good old days? Were there ever any?

The simple sad fact is that we are now living in the good old days.

In a few short years we'll be looking back at with a wistful smile at the days when we had the time, freedom and money to make mind-numbingly posts to forums like this....

Derek 09.01.2008 16:45

Re: Weak Swiss Franc
 
Quote:

Originally Posted by Pekka (Post 152853)
How about the good old days? Were there ever any?

But don't forget that at the time everything was cheap in the UK, (petrol 5/- a gallon),a 4 bedroomed house about 10000, a cup of tea 7d, a meal 2/6, cinema seats 3/9 etc etc and people earned much less.... annual salary for university grads just starting work about 1200 p.a bank manager 5/6000 p.a. My CHF 2'000.00 per month in 1970 went a long way in the UK...at the time.

Derek 09.01.2008 16:49

Re: Weak Swiss Franc
 
Quote:

Originally Posted by AbFab (Post 152856)
The simple sad fact is that we are now living in the good old days.

In a few short years we'll be looking back at with a wistful smile at the days when we had the time, freedom and money to make mind-numbingly posts to forums like this....

Of course there were good old days.....no speed limits, no seat belts, no radar traps, no terrorists, friendly bobbies,no Macdonalds,good schools, GCE's,no commercial TV, no video games etc. Watch a few "Miss Marple" episodes with Joan Hickson and you'll get a taste of what it was like.....

AbFab 09.01.2008 17:09

Re: Weak Swiss Franc
 
Quote:

Originally Posted by Derek (Post 153380)
Of course there were good old days.....no speed limits, no seat belts, no radar traps, no terrorists, friendly bobbies,no Macdonalds,good schools, GCE's,no commercial TV, no video games etc. Watch a few "Miss Marple" episodes with Joan Hickson and you'll get a taste of what it was like.....

It's lapsing into that 'good ol' days' thread whether we like it or not: Muffin the Mule, Billy Bunter, Uncle Mack on the radio, Two-Way family favourites, Saturday morning cinema, pullovers for goalposts...

mannie organ 09.01.2008 18:44

Re: Weak Swiss Franc
 
Quote:

Originally Posted by AbFab (Post 153392)
It's lapsing into that 'good ol' days' thread whether we like it or not: Muffin the Mule, Billy Bunter, Uncle Mack on the radio, Two-Way family favourites, Saturday morning cinema, pullovers for goalposts...


Oops showing your age mind you I know what you`re talking about:D

Pekka 09.01.2008 18:56

Re: Weak Swiss Franc
 
Quote:

Originally Posted by Derek (Post 153378)
But don't forget that at the time everything was cheap in the UK, (petrol 5/- a gallon),a 4 bedroomed house about 10000, a cup of tea 7d, a meal 2/6, cinema seats 3/9 etc etc and people earned much less.... annual salary for university grads just starting work about 1200 p.a bank manager 5/6000 p.a. My CHF 2'000.00 per month in 1970 went a long way in the UK...at the time.

This is the sort of stuff I was talking about. Open the good 'ol days thread! :)

gbn 09.01.2008 18:57

Re: Weak Swiss Franc
 
Quote:

Originally Posted by AbFab (Post 153392)
... Muffin the Mule...

Now sadly illegal in most of Europe :cool:

Derek 10.01.2008 10:19

Re: Weak Swiss Franc
 
Quote:

Originally Posted by AbFab (Post 153392)
It's lapsing into that 'good ol' days' thread whether we like it or not: Muffin the Mule, Billy Bunter, Uncle Mack on the radio, Two-Way family favourites, Saturday morning cinema, pullovers for goalposts...

not forgetting Andy Pandy and the Flowerpot men....

10.01.2008 10:36

Re: Weak Swiss Franc
 
Quote:

Originally Posted by AbFab (Post 153392)
It's lapsing into that 'good ol' days' thread whether we like it or not

When this was first on TV, it was so spot on with reference to the stuff parents came out with that it had us on the floor with laughter.

"Monty Python - Four Yorkshiremen"


muze7 10.01.2008 21:49

Re: Weak Swiss Franc
 
Back to the Franc for a moment, it is at a few months high against the Euro today, median is 1.63 or thereabouts. The CHF against the dollar is 1.10 which is also pretty low!

Gav 10.01.2008 23:16

Re: Weak Swiss Franc
 
Quote:

Originally Posted by muze7 (Post 154140)
Back to the Franc for a moment, it is at a few months high against the Euro today, median is 1.63 or thereabouts. The CHF against the dollar is 1.10 which is also pretty low!

Yep, I think the Franc is just going to get stronger and stronger. It's a traditional 'safe haven' currency. I believe at one point in the late 70s the Swiss govt sold negative interest rate bonds to foreigners who desperately wanted to hold Francs and were willing to pay for the privilege. The aim was to stop the value of the Franc going ballistic and making Swiss exports completely uncompetitive.

Personally, my Franc savings are now worth 10% more in Sterling than they were six months ago
:cheers2:.

That's not a bad 'interest rate' for me, should I decide to convert my cash.


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