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A comment on SNB Unexpectedly Gives Up Cap on Franc, Lowers Deposit Rate. Parent comment

Re:SNB Unexpectedly Gives Up Cap on Franc, Lowers Deposit Rate by xianshou on Thursday January 15, 2015 @06:19AM (#8891918)
But all their CHF accounts just got 15% more valuable. I'd consider that excellent news!
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Re:SNB Unexpectedly Gives Up Cap on Franc, Lowers Deposit Rate by s3nnyy on Thursday January 15, 2015 @06:41AM (#8891985)
I get my salary in CHF and I am quite happy as I transfer it regularly to EUR.

Nothing changed for my Swiss colleagues who don't shop in Euros.

Here the official reasoning of the SNB: http://www.snb.ch/en/mmr/reference/pre_20150115/source/pre_2...

More of my experiences within Switzerland you'll find in here: "Eight reasons why I moved to Switzerland to work in IT" http://goo.gl/EIX4UX (Full disclosure: If you're from the EU and looking for a tech-job over here, I'd be happy to help out).

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Re:SNB Unexpectedly Gives Up Cap on Franc, Lowers Deposit Rate by levosmetalo on Thursday January 15, 2015 @08:52AM (#8892444)
> I get my salary in CHF and I am quite happy as I transfer it regularly to EUR.

If I were doing so I would hate myself for not keeping as much as possible in CHF and just converting today for a 15% more EUR.

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Re:SNB Unexpectedly Gives Up Cap on Franc, Lowers Deposit Rate by Ecio78 on Thursday January 15, 2015 @11:21AM (#8893352)
that's exact me, I worked in Switzerland for a bit less than a year and I kept an account there with what I earned.. I was planning to close my account as I've now moved but waited and today I woke up with this news. I just had a +15/20% on my money there :O

now I just need to decide if I should keep them or convert to EUR and close the account :D

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Re:SNB Unexpectedly Gives Up Cap on Franc, Lowers Deposit Rate by MatthiasP on Thursday January 15, 2015 @12:21PM (#8893798)
Definitely wait atleast until the elections in Greece are over.
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Re:SNB Unexpectedly Gives Up Cap on Franc, Lowers Deposit Rate by levosmetalo on Friday January 16, 2015 @10:59AM (#8899671)
That's also a speculation. If decision to kick out Greece comes, Euro might just end up a bit stronger.
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Re:SNB Unexpectedly Gives Up Cap on Franc, Lowers Deposit Rate by sz4kerto on Thursday January 15, 2015 @07:08AM (#8892086)
Well, in the short run, it's good news. In the longer run, it can mean hiring freezes and/or layoffs -- it's not really possible that 15% price increase does not change the demand at all.
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Re:SNB Unexpectedly Gives Up Cap on Franc, Lowers Deposit Rate by rayiner on Thursday January 15, 2015 @09:30AM (#8892602)
Living in Europe seems so exotic to me, what with all the currency exchange and whatnot. I don't think I've even seen non-USD money in 5-6 years.
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Re:SNB Unexpectedly Gives Up Cap on Franc, Lowers Deposit Rate by icebraining on Thursday January 15, 2015 @10:19AM (#8892877)
That was more true fifteen years ago than today. I never see anything besides Euros in my daily life, and I live in a tourist destination!
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Re:SNB Unexpectedly Gives Up Cap on Franc, Lowers Deposit Rate by blfr on Thursday January 15, 2015 @07:12AM (#8892102)
Nothing changed for my Swiss colleagues who don't shop in Euros.

Prices of foreign goods in Switzerland should slowly converge to the lower lever.

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Re:SNB Unexpectedly Gives Up Cap on Franc, Lowers Deposit Rate by patrickk on Thursday January 15, 2015 @09:46AM (#8892675)
Email sent!
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