What happened to the CHF <> GBP ?

Finance, Taxes, Banking, Insurance and Retirement
21
In this case near 10% GBP inflation compared with 3% CHF inflation is a heavy driver.

22

Whilstg it would be absolutely wonderful, they are inextricably linked and by not discussing Brexit in this particular thread, you cannot get to any meaningful conclusion.

Brexit is part of the answer to the question.

23
B&B IS the answer to the question.

24
It’s possible to discuss the impact of Brexit on the exchange rate in this thread without turning it into yet another Boris bashing thread.

There are plenty of other threads for that.

25
I need to use some chf to pay uk bills. Do you use online banking to send currency or a broker?

26
Wise, or Revolut.

27
Indeed, all 3 posts where I mentionned Brexit (and it was actually mentionned first by a Mod) - were deleted. No-one is saying Brexit is the only factor, but it is a major factor, unless you are blind or refusing to see. Deleting posts and calling them 'derailing', when there is a very clear link, is beyond ridiculous.

28
Again, if there is a clear and direct link to the OP- why is this not acceptable.

This is totally out of order and nonsensical.

29
None of the posts that were deleted mentioned Brexit, it was a totally off topic discussion between yourself and another mod and was totally irrelevant to this thread.

30
It's almost as if the CHF isn't now worth more than a Euro

Honestly, of all the factors in play at the moment, Brexit is at the bottom of the list. Inflation, interest rates, structural issues in the world economy. CHF remains a safe haven and a hedge against all this.

31

I use transferwise for 'normal' amounts. However if transferring large sums, prefer to negotiate with the bank, which you can. UBS offer a GBP account where you can exchange CHF into GBP and wire transfer to your UK account (CHF 10 flat fee for the transfer; free to receieve GBP).

32
If there is a clear and direct link then of course it is acceptable and there are posts in this thread to prove it.

Saying ‘Boris’s policy on xyz has had a direct impact in the economy for x reasons’ is absolutely fine.

Saying ‘Boris is a total disaster blah blah blah’ really isn’t as it is not directly linked to the topic of the thread and the thread is dragged off into yet another cyclical discussion about him.

Surely you can see the difference?

We all know that he’s a lying, cheating scum bag but it doesn’t need to be brought up in every thread.

The Swiss franc is very strong at moment and not only against the pound, that isn’t exclusively down to Brexit or Boris. There are lots of other factors at play here.

33
I am sorry, but this is not on. The fact Boris Johnson is a total disaster and has a Cabinet which is crumbling under about 12 resignations, DOES have a strong effect on the economy, and Sterling. To what % is not clear, but to deny this is a major factor is just plain wrong. 'xyz' have become almost irrelevant at the moment, as the list is so vast and so varied- it is not about any 'xyz' anymore.

Fact.

Surely we have the right to disagree here, on an open Forum?

34
Nobody is denying you that.

What are you finding so difficult to understand?

35
Hi. Am I ask what you mean by normal amounts?

I am I the unusual position where I. Wed to transfer over £25000 to uk

For me normal might be £1000

That’s why I’m trying to find out how to get the best rate.

Thanks for explaining

36
I normally check with my bank for a rate for anything over 10k (CHF). For lower amounts I have an agreed spread.

37
I have a ubs account so I think I’ll call them

38
From WRS this s morning.

The franc is soaring on the currency markets and it’s now at its highest against the Euro.

Currently a Euro costs just under a franc. When the single currency was introduced in 2002 it stood at 1.6 and for years the Swiss National Bank held it at 1.2.

The franc has been on an upward march ever since the central bank raised interest rates by half a percent to minus point 25%.

But analysts also point of a euro weakness as an energy crisis is set to hit the continent and what’s seen as a hesitant European Central Bank in its fight against inflation. The euro is at its lowest against the US dollar for 20 years.

It’s widely expected on the markets that the Swiss National Bank will have a limit before it intervenes, but that rate is a closely guarded secret, although it’s thought it could be at point 95 against the euro.

39
I agree with your analysis but very much doubt 0.95 as the trigger point.

It will be something far less obvious, 0.94898 or similar, not a round number

40
It currently suits the SNB to have a strong Swiss franc as it is a deflationary force. The advantage of having an independent central bank.

Once the current political turmoil in the UK resolves itself I fully expect the pound to regain strength too.