CHF v Euro, jump or wait?

[milanbenes]

As Sas previously stated AU and CHF are a product of the current weather

everybody has rushed to them for their safe haven status

as BB says, once things calm down the herd (you know people like Sas) will
be out of CHF etc

Milan.

[alreadypacked]

Well it is probably close to it's high. CHF is well over valued. It'll probably rise a bit more against the EUR. But in the greater scheme of things changing to EUR is a good buy at the moment. I reckon when the crisis is over, which it will be, then the CHF will go back down to something like 1.4 from 1.15 at the moment. Switzerland is groaning under it's high currency at the moment. Exports dropping off, companies ready to sack thousands, further appreciation of CHF unsustainable.

Just what I was thinking, I think I will move some now.

[Sysman]

Well it is probably close to it's high. CHF is well over valued. It'll probably rise a bit more against the EUR. But in the greater scheme of things changing to EUR is a good buy at the moment. I reckon when the crisis is over, which it will be, then the CHF will go back down to something like 1.4 from 1.15 at the moment. Switzerland is groaning under it's high currency at the moment. Exports dropping off, companies ready to sack thousands, further appreciation of CHF unsustainable.

The Swiss National Bank had a go at buying Euros a year or two ago in an attempt to stem the rise of the Franc, and it didn't work. As far as I know those billions of Euros are still held by the SNB.

I've come across a few of those recently made redundant, and it's bleak for the over-50s, as employer pension/social contributions go up, so it's cheaper to employ someone younger.

[scooterscot]

Yes buy euros. Buy buy buy, don't know why just buy.


£ printing presses are warming up and € is artificially depressed by the spivs, who will eventually loose the will once UK and US capitalist models fall down around them.

[BlasterBates]

The Swiss National Bank had a go at buying Euros a year or two ago in an attempt to stem the rise of the Franc, and it didn't work. As far as I know those billions of Euros are still held by the SNB.

I've come across a few of those recently made redundant, and it's bleak for the over-50s, as employer pension/social contributions go up, so it's cheaper to employ someone younger.

As the exports drop off the CHF will go down. Lets face it if it carries on going the Swiss economy is going to collapse and then CHF would crash anyway, but this won't happen. The Swiss bank can buy Euros, do some quantative easing (i.e. print CHFs and buy Euros). One thing they won't do is sit on their hands and watch the CHF go up much further. I doubt the CHF will break parity with the Euro and think it'll bottom out around 1.10.

[NotAllThere]

CHF - better than Gold

Well it is probably close to it's high. CHF is well over valued. It'll probably rise a bit more against the EUR. But in the greater scheme of things changing to EUR is a good buy at the moment. I reckon when the crisis is over, which it will be, then the CHF will go back down to something like 1.4 from 1.15 at the moment. Switzerland is groaning under it's high currency at the moment. Exports dropping off, companies ready to sack thousands, further appreciation of CHF unsustainable.

Meanwhile, I'm all the way to the bank. (My income is a mixture of CHF, EUR and GBP, so it usually evens out).

I can't see the CHF rising any higher against the EUR. It's already stupidly high.

[alreadypacked]

As the exports drop off the CHF will go down. Lets face it if it carries on going the Swiss economy is going to collapse and then CHF would crash anyway, but this won't happen. The Swiss bank can buy Euros, do some quantative easing (i.e. print CHFs and buy Euros). One thing they won't do is sit on their hands and watch the CHF go up much further. I doubt the CHF will break parity with the Euro and think it'll bottom out around 1.10.

Closing at 1.16


So for each CHF I'll get about .86 Euro a 17.8% increase on my rate since last year

[BlasterBates]

Closing at 1.16


So for each CHF I'll get about .86 Euro a 17.8% increase on my rate since last year

indeed

[Jog On]

I don't think thiings will 'calm down' for a while. Yes the ECB kisked the can down the road with Greece but it's just a band aid that will have to be dealt with down the line.

Also now they're talking about the US defaulting which could (combined with EU defaults) cause a double dip recession.

China are buying Euros and apparently have some agenda to help a double dip along so that commodity prices fall - nice! I don't think things will 'calm down' for a while.... CHF seems like the only genuine safe haven there is apart from JPY.

Funnily enough the spending cuts/defecit reduction we're having here + weak £ (good for exports) + low inflation + the fact that we're not in the Euro could make the £ not a bad place to be...