F430 Massive CHF currency appreciation - Ferrari Life
 
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post #1 of 7 Old 01-17-2015, 12:02 PM Thread Starter
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Massive CHF currency appreciation

So we can look forward to a 20% discount on your new car of choice, if you didn't lose your shirt this week, that makes a difference
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post #2 of 7 Old 01-17-2015, 12:13 PM
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Probably so, but it also depends on which side of the fence you happen to be in ...

All these exchange rate swings seem so artificial, in a way.

It seems as though if one lives near borders, there are ways to take advantage of such circumstances ?

w/ smiles
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post #3 of 7 Old 01-17-2015, 04:09 PM
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Where I am closest currency is the Peso. Not many deals down that way

94 F348 Challenge
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post #4 of 7 Old 01-18-2015, 04:21 AM
 
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I'm most of the time on the wrong side of the currency fence but in this case it's mostly positive for me. Looking back to 1970 the exchange was 1 to 1 between Swedish kronor and Swiss francs, now it's 9 Swedish kronor to 1 Swiss francs. When I closed the Swiss "branch" 9 years ago it was 6 to 1. I guess Sweden have and had the administration that Sweden deserves. Rgds///Thomas (Bis spöter to the Swiss)
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post #5 of 7 Old 01-18-2015, 05:07 AM
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I have Euro and was about to change to CHF last week, but forgot Life suddenly just got more expensive for me here in CH. I guess I'll have to do all my daily purchases over in Italy to try and compensate. Well, it's life...

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Capo

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The good news: I'm the pilot

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post #6 of 7 Old 01-19-2015, 02:39 PM
 
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We call (f/x traders) the market rallies in this period of year Santa Rally. And it is a good opportunity to start a new year with a easy money (in terms of profit making).
But this year Mr Jordan (head of SNB) did not let it be!!!
A few investment banks and f/x platforms lost a chunky amount of money. Lol I am not upset for them, they were saying that it is much more easy and cheap to establish a platform compared to hire a trading team.
But strong CHF will be favour of Swiss residents earning CHF if they are planning to buy a good,service or CAR from EU or US, now they have to pay less CHF!
Enjoy it... Londoners enjoyed it in last 5 years
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post #7 of 7 Old 01-19-2015, 07:56 PM
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The flow has shifted, it seems.

w/ smiles
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