CHF nears August 2011 all time high vs. USD, up 17.7% this year
https://i.redd.it/rk6bm93k4wfg1.png
Posted by momentumisconserved
CHF nears August 2011 all time high vs. USD, up 17.7% this year
https://i.redd.it/rk6bm93k4wfg1.png
Posted by momentumisconserved
16 Comments
Ok. Cool. Now what?
should we buy USD now?
Yes, every few years it reaches a new high. Has been for over a century, and it is expected to continue.
No news here.
Unless the SNB intervenes, it’s hard to see the CHF weakening against the dollar. And when they do intervene, the CHF will probably resume strengthening after not too long.
They are all happy about their ETF going up 10%, but with buying CHF they would have had +15%. (Last 12 months)
Inflation is hitting hard, but of course the numbers are getting bigger.
Up 17.7% this year… Öppe nid grad, es isch Jänner
Sad for me because I’m earning less because of it.
Google Kaufkraftparität and Zinsparität. Eventually 1 USD will be worth 0.50 CHF.
Yup, American debt is getting more and more expensive.
Now what. Move on with your life or buy 30y USD bonds
Edit: It’s up 17.7% YoY, not this year! Sorry for the confusion.
Hope you’re not invested in US assets. All the gains are eaten up by the dollar devaluation.
My company pays the bonuses in USD so this is real bad, fuck Orange Man
speaking as an American, stay winning Swiss! Sell off all US bonds/assets. My country deserves to suffer for inflicting Mango Mussolini on the world.
Don’t confuse the dollar decreasing for the CHF significantly increasing. Against the euro, the CHF has only grown slightly.
Who could have seen this coming?
Does this mean it’s better to switch to a CHF ETF, or is it the ideal time to convert CHF to USD and buy more USD ETFs?