Swiss Franc Move- Buy your watch now!

[Cheib]

Big move in the Swiss Franc....that will feed through to RRP's! If you are thinking of buying a Swiss watch I would do it sooner rather than later.

[Snubs]

I'm going snowboarding in Zermatt, Switzerland in a couple of weeks. This doesn't sound like good news for my bank balance

[Cheib]

Yup. I am going to Verbier with my son for half term...it'll be even more reassuringly expensive.

[PJ S]

It's only moved 3% – back to the same level it was in May last year, and still better than it was a year ago.
I think we can dispense with the panic attack.

[mikey-r]

I think Cheib is referring to the move by the Swiss to remove the Euro ceiling.

GBPCHF cross @ cob 1.5507 - now @ 1.3383

[SwissJonese]

GBP to CHF Day's Range: 1.0915 - 1.5548, so at one point almost 1:1 FX rate ouch! Yep expensive holiday in Switzerland at that FX.

[michael gould]

Snubs said:

I'm going snowboarding in Zermatt, Switzerland in a couple of weeks. This doesn't sound like good news for my bank balance

not if your staying at the Zermatterhof ! it's only money

[Buster73]

Snubs said:

I'm going snowboarding in Zermatt, Switzerland in a couple of weeks. This doesn't sound like good news for my bank balance

Zermatt has never been good for your bank balance regardless of the exchange rate.

[cho]

Why Not try Crans Montana? Haven't actually been skiing myself but when I was there it was never really busy. Obviously I don't know what the snow is going to be like but my friends never complained that it was bad skiing. Having said all this it was almost 20 years since I was there! It's about half hour drive from Zermatt and has a couple of small towns at the foot of the mountain.

[Blackpuddin]

BBC economics bod Jonty Bloom says today:
'If you were thinking of treating yourself to a nice Swiss watch for the new year, you might want to check your bank balance first. It is likely to be 15% more expensive than it was on Wednesday.'

[Snubs]

michael gould said:

Snubs said:

I'm going snowboarding in Zermatt, Switzerland in a couple of weeks. This doesn't sound like good news for my bank balance

not if your staying at the Zermatterhof ! it's only money

We discussed the Zermatterhof but in the end decided to stay elsewhere. I'm not sure where, as my Dad (who is still snowboarding aged 62) booked it. I booked the less glamorous travel arrangements. I quite agree it's only money, but I enjoy indulging myself in self-pity from time to time.

[PJ S]

mikey-r said:

I think Cheib is referring to the move by the Swiss to remove the Euro ceiling.

GBPCHF cross @ cob 1.5507 - now @ 1.3383

Ahh...was just basing it off what the rate has been on XE.com

[cardigankid]

So pleased I bought two new Omega Master Co-Axials and a Rado Sintra at the back end of last year!

[GSP]

Snubs said:

We discussed the Zermatterhof but in the end decided to stay elsewhere. I'm not sure where, as my Dad (who is still snowboarding aged 62) booked it. I booked the less glamorous travel arrangements. I quite agree it's only money, but I enjoy indulging myself in self-pity from time to time.

We stayed in Zermatt in Feb 2015... It's no more expensive than anywhere else in Europe.

I don't know why people make such a fuss of it.

[RobinBanks]

GSP said:

Snubs said:

We discussed the Zermatterhof but in the end decided to stay elsewhere. I'm not sure where, as my Dad (who is still snowboarding aged 62) booked it. I booked the less glamorous travel arrangements. I quite agree it's only money, but I enjoy indulging myself in self-pity from time to time.

We stayed in Zermatt in Feb 2015... It's no more expensive than anywhere else in Europe.

I don't know why people make such a fuss of it.

You're doing well to know what the prices will be next month.

[eyebeebe]

GSP said:

We stayed in Zermatt in Feb 2015... It's no more expensive than anywhere else in Europe.

I don't know why people make such a fuss of it.

As someone who goes to Zermatt every year, I can't agree with that at all. Lift passes in Zermatt cost roughly double compared to say St. Anton or Ischgl. In fact I can't think of anywhere where they are more expensive. Certainly the most expensive in Switzerland, which probably means Europe. A pint costs at least CHF 7, Austria starts at about €3.50 = CHF 3.50 (St Anton on average €4.50). Food variances are similar, particularly if you want red meat.

Back on topic, I was in the Rolex boutique yesterday and the saleslady told me that they were expecting an imminent price rise as there hasn't been one for a long time. I'm not sure they will be able to do that coupled with the FX movements. Obviously it may have been a ploy (which failed) to get me to buy.