Hi,
I topped up my account with some CHF which i want to exchange to EUR.
(also have a EUR-Sepa-Topup**, so my account “wont starve”
Issue now:
last few weeks, rate 1EUR->CHF climbed and sunk from 1.16 to 1.18 and back. The rate 1CHF->EUR solely declined from .88 to .85.
I know my commercial appranticeship was a long time ago, but it is my understanding, that if the EUR is worth more CHF, one CHF gets less EUR. But if the EUR is worth less CHF, one CHF gets more EUR.
…strangly enough, following the history of the exchange-rates, the less a EUR is worth in CHF, the less EUR one gets for a CHF…
Shouldn’t these two rates be somewhat related to each others?
eg. EUR worth more => 1€ = 1.18CHF AND 1CHF = 0.84€…
Or, EUR is worth less =>1€ = 1.15CHF AND 1CHF = 0.87€…
Yet, when the EUR is worth more, you get less EUR. If the EUR loses, you get less EUR…
eg. EUR worth less => 1€ = 1.16CHF IN REVOLUT 1CHF =1.84
At the moment, Revolut shows 1EUR 1.1737CHF, 1CHF = 0.8517EUR…
Do I suffer from a severe Brain-Fart, have I looked at the wrong times for ERs or is there something wrong with the exchange rates? (I’m seriously a bit confused now)
** BTW: the SEPA-Topup in EUR: postfinance offered a better exchange-rate from CHF to EUR, what fueled my suspicion about the ERs, because normally, postfinance has one of the worst ERs.