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  #481  
Old 11.08.2011, 17:07
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Re: Swiss Franc Climbs to Record High

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So how much time do I have to transfer my entire CHF savings into a euro account before the rates return to normal? I usually have moral qualms about making easy money through financial shenanigans instead of hard actual work, but I realise this is mostly because I do not understand said shenanigans as they most often involve stocks, bonds, 3rd pillar investments etc. but a very favourable exchange rate that will not last I can comprehend. So?
Hi. I can give you a definitive answer; forget all the experts or low-post-count wannabes. The answer is "maybe".
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  #482  
Old 11.08.2011, 17:13
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Re: Swiss Franc Climbs to Record High

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Hi. I can give you a definitive answer; forget all the experts or low-post-count wannabes. The answer is "maybe".
But the question was "how much time do I have?" What kind of an answer is "Maybe"?!
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  #483  
Old 11.08.2011, 17:15
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Re: Swiss Franc Climbs to Record High

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But the question was "how much time do I have?" What kind of an answer is "Maybe"?!
Maybe you have time. Maybe you don't.
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  #484  
Old 11.08.2011, 17:17
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Re: Swiss Franc Climbs to Record High

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Maybe you have time. Maybe you don't.
But the question wasn't "Do I have time?", it was ... oh, never mind. While we've been debating, the window's closed.

For today.
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  #485  
Old 11.08.2011, 17:18
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Re: Swiss Franc Climbs to Record High

I am in exile from Switzerland until it drops .
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  #486  
Old 11.08.2011, 17:18
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Re: Swiss Franc Climbs to Record High

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But the question was "how much time do I have?" What kind of an answer is "Maybe"?!
A vague one.
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  #487  
Old 11.08.2011, 17:24
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Re: Swiss Franc Climbs to Record High

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But the question wasn't "Do I have time?", it was ... oh, never mind. While we've been debating, the window's closed.

For today.
You know, if anybody knew that sort of thing with certainty they wouldn't be playing around on the EF. They'd be borrowing as much money as possible to get rich fast. The fact that wê're here means we don't know. "Maybe" is thus the most accurate answer you can get.
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  #488  
Old 11.08.2011, 17:40
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Re: Swiss Franc Climbs to Record High

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So how much time do I have to transfer my entire CHF savings into a euro account before the rates return to normal?
A good time to do this was yesterday. But of course, we only know about it today :-). That's how markets work.
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  #489  
Old 11.08.2011, 17:41
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Re: Swiss Franc Climbs to Record High

The best time to do it was 2 years ago. Like normal, the markets are so much easier to predict in retrospect....sort of like everything!
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  #490  
Old 11.08.2011, 17:48
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Re: Swiss Franc Climbs to Record High

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The best time to do it was 2 years ago. Like normal, the markets are so much easier to predict in retrospect....sort of like everything!
2 years ago EUR/CHF was 1.5, yesterday 1.03.
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  #491  
Old 11.08.2011, 18:17
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Re: Swiss Franc Climbs to Record High

It seems like the SNB has drawn a line in the sand, and its at about 1.10.

I personally don't think the SNB has what it takes to tackle the forex market, and investors will certainly test the might of the SNB in the next 2-3 days.
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  #492  
Old 11.08.2011, 21:56
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Re: Swiss Franc Climbs to Record High

What are the chances the franc will gain back the 6 cents it has lost so far today?
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  #493  
Old 11.08.2011, 22:07
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Re: Swiss Franc Climbs to Record High

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What are the chances the franc will gain back the 6 cents it has lost so far today?
Maybe
........
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  #494  
Old 11.08.2011, 22:10
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Re: Swiss Franc Climbs to Record High

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What are the chances the franc will gain back the 6 cents it has lost so far today?
Next Friday.

22 yards explodes
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  #495  
Old 11.08.2011, 22:10
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Re: Swiss Franc Climbs to Record High

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What are the chances the franc will gain back the 6 cents it has lost so far today?
100% sure it will but no idea when!
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  #496  
Old 11.08.2011, 22:12
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Re: Swiss Franc Climbs to Record High

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What are the chances the franc will gain back the 6 cents it has lost so far today?
I'd risk and say, that probably lower then losing even more vs. the euro.
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  #497  
Old 11.08.2011, 22:13
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Re: Swiss Franc Climbs to Record High

You think the CHF will fall even more in the short term? Interesting.
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  #498  
Old 11.08.2011, 22:14
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Re: Swiss Franc Climbs to Record High

Lost a chance by 1 hour to cash in at the high rate. Oh well.
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  #499  
Old 11.08.2011, 23:38
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Re: Swiss Franc Climbs to Record High

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It seems like the SNB has drawn a line in the sand, and its at about 1.10.

I personally don't think the SNB has what it takes to tackle the forex market, and investors will certainly test the might of the SNB in the next 2-3 days.
The SNB HAS what is required. This has been shown by predecessors of Mr Hildebrand. It is not his job to move the Euro UP but it is his job to stop the CHF rising. And it is his job to work for the national economy. He most likely will introduce negative interests on foreign money deposits in Switzerland. As Swatch chief Nick Hayek already said, the SNB will have to stay on course for days or weeks ahead. N.H. also stated that the speculators will of course buy up a good part of the added money on the market, but cannot sell it, as their selling of CHF reserves they hold will push the CHF back down. They only can use their CHF to do some real investments inside Switzerland, which is an interesting aspect.

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What are the chances the franc will gain back the 6 cents it has lost so far today?
This is NOT a "chance" but a danger. The CHF will gain if it drops back down farther.

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100% sure it will but no idea when!
Switzerland will stop that from happening via the SNB. It has the right to defend its national interests.

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You think the CHF will fall even more in the short term? Interesting.
While this would be good for Switzerland, it may be wishful thinking. It is alright if things can be stabilized at the current position (plus-minus 2 Rp).

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Last edited by Wollishofener; 11.08.2011 at 23:50.
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Old 12.08.2011, 00:19
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Re: Swiss Franc Climbs to Record High

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It seems like the SNB has drawn a line in the sand, and its at about 1.10.

I personally don't think the SNB has what it takes to tackle the forex market, and investors will certainly test the might of the SNB in the next 2-3 days.
about "It seems like the SNB has drawn a line in the sand"
Always the risk that the tide comes in & washes the line away!!
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