i’d love to exchange!

I'd love to exchange with you

I would love to exchange :D

I would love to exchange! I’m mostly looking for washi or sticker flakes, I have tons of memos and sticker sheets to send, mostly cute stuff like san-x :o

I’d love to do an exchange! Thank you for posting the offer.

The silver market and the value of a dollar don't change together. One day silver could be worth more and the dollar could be worth less, and then the next day it could be the other way around.

You haven’t been able to redeem silver certificates for silver since 1968. When you could redeem them, you’d be redeeming them for a specific coin called the silver dollar, which contained 0.7734375 Troy ounces of silver.

A swiss corporate bond with an actual 4% yield is almost impossible to find. It would be a risky bond. In reality you will buy a CHF bond with a 1.8% real yield and the CHF will appreciate maybe 2.7% against the USD and that will be a theorical return of 4.5% in USD which would be equivalent of the return of an USD bond of the same risk (NOT ACTUAL NUMBERS)

And for etfs, it is important what assets the etf holds, not what currency you use to buy it. I.e., whether you buy an S&P 500 in USD or CHF does not matter. Your return will be the same.

Edit: typo.

> Say the exchange rate from USD to Swiss franc is 1:1. I buy a swiss-denoted corporate bond for $100 with a 4% yield. After a year, I would then have 104 Swiss francs. Let's say that after a year, the exchange rate for USD to Swiss francs is 2:1. Would I have $208 USD after selling the bond?

yes (assuming your bond is a short term bond or the interest rate in Switzerland remains stable)

> Basically, can I get the yield from the bond, as well as be hedged against the USD?

Not quite. You are not hedging anything as you are fully exposed to the USD/CHF exchange rate. Hedging means you would pay so that this exchange rate remains stable.

What you are effectively doing is you are shorting the dollar and going long CHF bonds. (you sell dollars to buy CHF to buy bonds).

To come back to your question, it is true that if the CHF/USD pairs goes in your favor you get to profit in addition to getting interest. On the other hand, if exchange rates move against you, you might end up with loss in terms of USD.

SBB has not that bad rates 😉

It used to be commission free if you possesd a GA at the SBB desk. But I have not checked in a while.

But I wish you all the best on your travels! Enjoy! Where are you going to?

Migros Change have fair rates

Coop

I used to withdraw USD cash in Siem Reap, Cambodia with Revolut. ATMs are placed in booths with glas walls. As soon as I stepped into a booth suddenly 15 kiddos where pressing their noses against the glass walls to see what the heck I am doing with the ATM.

Spoiler: They know cash comes out there.

Cada vez falta menos para el cambio de tendencia de los dos pares.
Llevo mas de una semana esperando el mejor momento. Incluso se podría sacar tajada usando el Bollinger en H1 y aprovechando el rango de precios en la "Macro" de día.

39% on gold and pharma…one in high demand that will get even more expensive and one that is already in shortage..

The impact on GDP is really small, exchange rate matters way more…0.2% of GDP = 39% tarifs 10% chf/usd increase 0.6-1% of GDP…

Couldn’t be more of a Taco scenario, usd chf is forecasted to 0.74

Since new tariffs come with 7 days implementation period, I believe it’s the time given to squeeze more money from Switzerland government. A new deal might be negotiated with some sort of protection money paid from Switzerland to US. Unfortunately we are dealing with people who just want to take advantage of their large position.

I would recommend to wait and watch. Monday might be red day for SPI but the whole week would be turbulent.

I might buy some SPI just to support local companies against economic coercion :)

No tariffs on stocks 😊 if so those swiss watchmaker, nestles and lindts if holding any. Hedge, diversify as the usual mantra says, in terms of sector, geography, currency etc. Also there is some time till they go live in August 7th albeit I would wonder if by then they could nail anything, hope I am wrong.

Funny as he fucked us more wirh his exchange rate recently then withhis ridiculos tariffs. I dont know any products from usa i reeally need :-)

If you have to change your strategy because of short term movements, your strategy wasn't right in the first place.

Revolut has CHF USD EUR GBP subaccounts and very tight transfer rates. They operate in Switzerland UK and Europe but not USA but you can use your debit card anywhere.

use Wise

>  I am open to getting a premium plan for a month

That's not a thing. You can pay monthly for a year of subscription, but will have 2 months of early cancellation fees if you do that.  

My friend, you are in a advantageous position. For now, hold on to your CHF for as long as you can. The USD is at 0.79 CHF and trending down. Use Wise or a similar service to spend your moneys. Convert only what you need, when you need it. Treat your CHF like gold until things change.

Get a credit card from your bank that has little to no fees on international transactions and a relatively high cash withdrawal limit per month. If you can get one with reward points that are redeemable in cash even better, it helps offset any(if) fee on international transactions. Pro tip: Keep your savings in CHF!

You’re going to want to talk with your Swiss banking institution. Being a US taxpayer with a foreign bank account triggers FATCA reporting for the bank, and FBAR reporting for you.

IBKR allows pretty cheap conversion, but they can detect when youre only using it for currency conversion.

Wise and Kraken Pro are also pretty cheap I think.

> The Swiss franc has been the top-performing currency over the past 50 years, 25 years, 10 years and five years.

What a strong corrency is good for depends on what you produce .

Switzerland is mainly suppling services and, in smaller proportions, high tech good, in both fields prices are less important than quality and reliability.

Switzerland imports a lot food, raw materials and a strong CHF is, certainly, good.

But, if you consider other countries, dedicated to export of medium low tech goods (e.g. Italy), a strong euro is a nightmare.

> The Swiss lesson for nations such as the US is that a cheap currency is no fix for a broken manufacturing sector.

The other lesson is such accomplishments come easier when other countries serve as their military umbrella.

And the Swiss flag is a big plus!

By FT's metric, the currency whose absolute value is high vs a basket of currencies but primarily against USD but also the particular currency is steadily appreciating against USD over the medium/long term.

Amid all the talk about whether the US is keen to devalue the mighty dollar as one way to revive American manufacturing, it is worth noting that the dollar is not the world’s strongest currency and has not been for decades. That title goes to the Swiss franc, and the mighty franc has done nothing to undermine Switzerland’s competitiveness.

The world’s richest major economy has both a strong currency and a strong manufacturing base. The Swiss franc has been the top-performing currency over the past 50 years, 25 years, 10 years and five years. It is near the top even over the past year when some of the more beleaguered currencies have staged a comeback against the dollar. Nothing can compare for durable strength.

Yet Switzerland also defies the assumption that a strong currency will undermine a nation’s trading prowess by making its exports uncompetitive. Its exports have risen and are near historic highs both as a share of Swiss GDP (75 per cent), and as a share of global exports (near 2 per cent).

The global conversation has become unduly obsessed with currency valuations, which are just one of the factors that shape a nation’s competitive position. Like Germany and Japan in their heydays, Switzerland has gained a reputation for goods and services of such high quality that the rest of the world is willing to pay a currency premium for the “Made in Switzerland” label.

Despite its lingering reputation as a haven for illicit fortunes, the country’s economy has long shown extraordinary dynamism and competitive range. For more than a decade, it has dominated a UN ranking of the most innovative economies, both for the resources it puts into innovation — for example through practical university education and research and development — and for its returns on these investments.

It generates more than $100 in GDP per hour worked — that’s more productive than any of the other 20 largest economies. Its decentralised political and economic system encourages the rise of small enterprises, which account for over 99 per cent of Swiss companies. It also has a large share of globally competitive businesses in sectors from pharmaceuticals to luxury goods.

Harvard’s Growth Lab ranks Switzerland number one among major economies for the “complexity” of its exports, a measure of the advanced skills needed to produce them. And its exports range from chocolates and watches to medicines and chemicals — belying the notion that strong currencies kill factories.

At 18 per cent of GDP, its manufacturing sector is one of the largest among developed economies. Over half its exports are “high-tech” — more than double the US level. Since advanced goods are more expensive, this has helped Switzerland keep its current account in surplus, averaging more than 4 per cent of GDP since the early 1980s.

Income from trade is recycled into significant investments abroad. The country now runs a net international investment surplus of more than 100 per cent of GDP, which helps it resist external shocks. This is the opposite of the US, with its heavy deficits in the current account and net investment.

If Switzerland has a weakness, it is a huge run up in private debt as a share of GDP. Yet unlike the US and many other European countries, it does not have a large population of zombie companies — which earn too little to pay even the interest on their debts.

Quietly, the Swiss have built an all-weather economy. The franc has appreciated steadily whether the dollar was rising or falling, and whether the global economy was in recession or recovery. They just seem to understand how to stay competitive. In 2015, the franc surged on a shift in central bank policy and manufacturers responded by moving even more sharply to sophisticated exports, which are less sensitive to currency shifts.

Many policymakers think the east Asian “miracles” devalued their way to prosperity. Undervalued exchange rates did help countries from South Korea to China grow their manufacturing export bases rapidly. But other factors including infrastructure investments and opening to foreign capital played a bigger role. Meanwhile, the importance of exchange rate valuations faded as they moved up the development curve.

Developed economies need to compete more on quality than on price. For them, devaluation can backfire by encouraging domestic producers to focus on making cheaper goods. The Swiss lesson for nations such as the US is that a cheap currency is no fix for a broken manufacturing sector.