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  #121  
Old 24.03.2008, 14:20
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Re: Weak Swiss Franc

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What I found particularly interesting is that Barclays Bank was apparently so fed up with the unreliability of the figures (you can't base a planning on figures that change with the weather) that they made their own inflation index which is in principle indicating what the government index should represent, it's called The Barclays Capital Essentials Inflation Index.

The piece in the link details just how large the gap between the government spin and the real world is, and it's shocking.

Good info about that index - I don't suppose you know if it's freely available anywhere on the net?


There's a general ignorance on the part of the US/UK public about inflation and I don't think that it's coincidence that there's a lack of informed comment in the mainstream media. Essentially it has been used by our governments as a 'super-stealth' tax. It's particularly effective at leeching from savers and the prudent, though it hits everyone who has some sort of cash income.

God only knows how the governments are going to hide the inflationary effects of the bank bailouts - I've got a feeling that they've overstepped the mark this time. And whereas it's an easy option for a government to fire up the printing presses to get the financial sector out of trouble it's nowhere near as easy to manage the economy once rampant inflation takes hold as it surely will.


For what it's worth I certainly perceived inflation as low in Switzerland, certainly compared to the UK where prices are rocketing due to effect of years of irresponsible borrowing resulting in the pumping of excess cash into the system.
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  #122  
Old 15.04.2008, 19:09
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Re: Weak Swiss Franc

Weak Swiss Franc??!!

Ah, if only we knew then what we know now:


GBP 1.00 = CHF 1.96893
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  #123  
Old 15.04.2008, 19:42
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Re: Weak Swiss Franc

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Weak Swiss Franc??!!

Ah, if only we knew then what we know now:


GBP 1.00 = CHF 1.96893
Indeed - I chickened out a bit and converted a wodge to sterling at 1GBP=2CHF because I was worried the pound wasn't going to fall much further Luckily, the majority of my savings are still in CHF though

I'd guess that Swiss interest rates are likely to come down or some measures will be imposed to prevent the CHF from getting too overvalued lest it threatens competitiveness of exports.

Must be making a lot of electronic goods very cheap in Switzerland though!
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  #124  
Old 15.04.2008, 20:26
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Re: Weak Swiss Franc

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... I'd guess that Swiss interest rates are likely to come down or some measures will be imposed to prevent the CHF from getting too overvalued lest it threatens competitiveness of exports...
The Swiss are focussed on the CHF/EUR rates. The EUR countries are both the major market and also major competitor for Switzerland. So, if GBP falls against EUR (that is anticipated) then it also falls against CHF.
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  #125  
Old 15.04.2008, 21:59
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Re: Weak Swiss Franc

Do any know of a web link that could be useful in analysing and trending the CHF/euro rates. Thanks in advance.

Ashish


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I think the bottom of the Euro against CHF has not yet been reached. Either we reach 1.58 or so in the next 1-2 weeks and things rebound from there, or we have a longer term strengthening of the Franc and 1.55 is reachable this year.

Of course I do not have a crystal ball, but I thinking converting all your francs now could be too early. Or you play it safe and split into several batches .

Post from Holland, you can also go short or long on the Euro vs CHF, you buy these through ABN Amro for example (and UBS etc. I assume).
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  #126  
Old 19.04.2008, 18:58
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Re: Weak Swiss Franc

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Do any know of a web link that could be useful in analysing and trending the CHF/euro rates. Thanks in advance.

Ashish

http://www.oanda.com/
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  #127  
Old 05.08.2011, 11:46
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Re: Weak Swiss Franc

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I think if you want to do a 5 year gamble, you'd be better off trying a US dollar account. Not only would the interest rate be higher, but in 5 years the dollar could well have bounced back...
Today

$US 100 = CHF 76.78 .......> CHF 100 = $US 130.2423
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  #128  
Old 05.08.2011, 12:06
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Re: Weak Swiss Franc

It's not 5 years yet...
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  #129  
Old 05.08.2011, 12:08
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Re: Weak Swiss Franc

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It's not 5 years yet...
you think the USD is going to get stronger over the next couple of years???
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  #130  
Old 05.08.2011, 12:09
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Re: Weak Swiss Franc

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Weak Swiss Franc??!!

Ah, if only we knew then what we know now:


GBP 1.00 = CHF 1.96893
Today GBP 1.00 = CHF 1.2302
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  #131  
Old 05.08.2011, 12:12
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Re: Weak Swiss Franc

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transferred my chf back to UK yesterday at 1.98. what a deal. also got 6.5%gross in Isle of Man offshore. there's no point keeping keeping chf here at the moment.
just do it
It's posts like this that make me think that 1CHF will be worth more than 1GBP soon
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  #132  
Old 05.08.2011, 12:23
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Re: Weak Swiss Franc

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you think the USD is going to get stronger over the next couple of years???
Will it even exist?
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  #133  
Old 05.08.2011, 12:41
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Re: Weak Swiss Franc

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It's posts like this that make me think that 1CHF will be worth more than 1GBP soon
1 GBP = 1.25 CHF already and I reckon it could go even lower.
Good thing for me as since I came here 4 months ago, I kept all my savings in CHF and I reckon I should continue with same policy for a few more months..
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  #134  
Old 05.08.2011, 12:44
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Re: Weak Swiss Franc

EUR/CHF - 1.08 , don't you think it is too strong, How bad it will impact on Swiss Tourism and Export ?
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  #135  
Old 05.08.2011, 13:13
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Re: Weak Swiss Franc

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1 GBP = 1.25 CHF already and I reckon it could go even lower.
Good thing for me as since I came here 4 months ago, I kept all my savings in CHF and I reckon I should continue with same policy for a few more months..
Why only months?
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  #136  
Old 05.08.2011, 13:21
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Re: Weak Swiss Franc

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Anyone have any thoughts on what way the £ / CHF are going?

A drop from to 2.45 to 2.00 has been painful, as I have funds in sterling that need to be transfered into CHF.

Your opinions will be appreciated.
If only I had transferred all my worldly possessions into CHF's back then!

31p in the £ difference if my calculation is correct. 38% drop, 50% if go back a bit further.
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  #137  
Old 05.08.2011, 13:55
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Re: Weak Swiss Franc

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Why only months?
Don't know I am scared if I wait a year or more the trend could reverse
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  #138  
Old 05.08.2011, 14:09
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Re: Weak Swiss Franc

Hi all,

I'm moving to Zurich at the start of September and before then I have to transfer my deposit and first months rent into a Swiss account.

The exchange rate has gotten worse and the total of my deposit/rent (in £) keeps on going on up.

Do you think it will get any better, or do you think I should just transfer it today and cut my losses?

Thanks,

Rach

PS- I am more into languages than economics hence why I've asked you lovely knowledgable people
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  #139  
Old 05.08.2011, 14:15
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Re: Weak Swiss Franc

You might be able to have an insurance deposit. If your permanantly moving to CH you will be earning in CHF so what the £ is worth has less relavance, you can quickly buy the £ back in any case as you get paid.

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Hi all,

I'm moving to Zurich at the start of September and before then I have to transfer my deposit and first months rent into a Swiss account.

The exchange rate has gotten worse and the total of my deposit/rent (in £) keeps on going on up.

Do you think it will get any better, or do you think I should just transfer it today and cut my losses?

Thanks,

Rach

PS- I am more into languages than economics hence why I've asked you lovely knowledgable people
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  #140  
Old 05.08.2011, 14:18
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Re: Weak Swiss Franc

hands up. I´ve been scr++ed.



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1 GBP = 1.25 CHF already and I reckon it could go even lower.
Good thing for me as since I came here 4 months ago, I kept all my savings in CHF and I reckon I should continue with same policy for a few more months..
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