Convert CHF to USD (2026 USD/CHF)?

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C’mon, it’s Christmas time, let those who believe in Santa Claus believe in Zero Fees …

:wink:

To be clear: I would never do business with a business that offers zero fees as obviously they'll go out of a business that actually costs them money to run. It's not that hard to wrap your head around this "calculation" thought.

“Zero Fees” is a different matter. The quotation marks essentially hide a mark-up compared to the usually cheaper competitors they compete with, as evidenced by @clon and their demonstration of a $10 difference between “zero fees” Revolut and (probably) cheapest IBKR for a 20k conversion.
The essentially 5 basis points difference – 10/20000 = 0.0005 = 0.05% = 5 bips – in the conversion rate gives you an indication of how tight fx margins are for banks. Of course, that would never stop Swissquote – let alone your standard Swiss bank – from charging you a fortune for that conversion. Like, 100 bips or so. Easy money!

Also, never forget: with the saved $10 in doing business with IBKR for converting USD 20k you’re already half way towards your gourmet/premium Döner in the city of Zurich. Imagine that!
2 Likes
22

Yes correct ! But their exchange rate is good enough to prevent me considering other options, it was a better deal than using wise or my banks … forgot to consider IKBR tough.

They don’t do it for free tough… the subscription costs 105 CHF yearly, i think it’s just like arbitrage between the expenses of the “free conversion” and the number of people that will not costs more than 105 but still get the premium.

Anyways –> IKBR would have been a better option.