Talk:Swiss franc/Archives/2015

"Capping"

While reading the article in an effort to make sure I understand what happened yesterday, I note that the term doesn't seem to be defined. This quote: "... On 6 September 2011 the SNB set a minimum exchange rate of 1.20 francs to the euro saying ..." seems to convey the idea, but in my humble opinion, the phrase should be explicitly defined. Terry Thorgaard (talk) 19:06, 16 January 2015 (UTC)

The SNB had effectively pegged the CHF to the euro, while the market thought the CHF was safer, so fixing the exchange rate was a cap because of the pressure for the CHF to appreciate relative to the euro. I'll see if i can find the reference to this from an npr story i heard yesterday. BakerStMD T|C 15:03, 17 January 2015 (UTC)

25% movement against US dollar

As stated by the reference, the 25% movement against the US dollar was temporary (and had been partly reversed by the close of the day). A 15% movement against EUR and a 25% movement against USD would have required a nearly 10% movement between EUR and USD, which did not happen. ----Ehrenkater (talk) 18:17, 19 January 2015 (UTC)

Fixed. Thanks for pointing that out. Enivid (talk) 18:26, 20 January 2015 (UTC)

Split proposal: Francogeddon

The media seems to be calling this event Francogeddon. I just added a mention of this and three or four references. The fallout seems fairly significant, with closures and bankruptcy reported for a small number of financial businesses worldwide. It would seem pertinent to at least make space to attempt to capture the scope of the events by splitting to a dedicated page wherein sections can be utilized without upsetting the Swiss franc page. prat (talk) 21:29, 18 January 2015 (UTC)

Comment – I have no opinion on a spinoff article on this topic. But I'd lean against titling such an article "Francogeddon" (smacks of RECENTISM). I don't necessarily have an suggested alternative title. I just don't think "Francogeddon" is going to end up being the COMMONNAME of this event... --IJBall (talk) 23:40, 18 January 2015 (UTC)

Support - I support the spining off of a new article on this event so that the causes and effects may be chronicaled; I concur with the previous poster that the title Francogeddon is inappropriate, maybe something like 2015 End of Capping Of Swiss Franc would be better. Flaviusvulso (talk) 00:30, 19 January 2015 (UTC)

Weak oppose - I agree with IJBall re the title, and I'd tend to oppose creating a new article, as it doesn't seem like a standalone topic. What content do you envision for the split page beyond what exists on this page? 67.188.230.128 (talk) 00:35, 19 January 2015 (UTC)

Perhaps the relating it to the looming quantitative easing of the Euro, the effects on Swiss exporting businesses, discussion on whether or not this event constitutes a failure of central bank intervention; why this needed to be sudden rather than gradual etc.Flaviusvulso (talk) 00:56, 19 January 2015 (UTC)

Might be tough to find sources for a lot of these without resorting to WP:SYNTH. But I have not been following this topic closely so maybe such sources exist. 67.188.230.128 (talk) 02:30, 19 January 2015 (UTC)

Analytical relationship to similar historical events; impact section -- specific companies/countries, comments from officials, etc. prat (talk) 01:59, 19 January 2015 (UTC)

If such material exists in reliable sources, I suggest adding it to the section right now; if it starts getting unwieldy there will be more reason for the split. 67.188.230.128 (talk) 02:30, 19 January 2015 (UTC)

Alternative suggestion: I'm not sure there's enough material, and any support is conditioned on someone wanting to write a detailed article; I'm inclined to wait until this one is clearly burdened by the large section. That said, rather than discuss only the end of the cap, I'd move two sections over and have an article on the entire 2011–2015 Swiss Franc exchange rate capping. It both gives more material, and it's really not possible to discuss the end without describing the reasons for beginning and continuing it. 71.41.210.146 (talk) 06:14, 19 January 2015 (UTC)

Support but under a different title and, as 71.41.210.146 suggested, it is better to combine all cap-related info into one article. Otherwise, the whole Swiss franc article will be too much focused on the period of the last 5 years, resembling a news feed. Enivid (talk) 07:51, 19 January 2015 (UTC)

Oppose - Wikipedia is supposed to be a serious site. Running after hysterical tabloid press phrases is the complete opposite of being serious. There is hardly a reason to assume that anyone will care for this event next year. The phrase suggests the Franc is going to be wiped out, while the opposite is the case: The Swiss Central Bank gave up on the Euro as the Euro will now turn into a Southern European trash currency like the Lira (or the Papermark prior to its end). The name "Francogeddon" is not just over the top, it is misleading as the proper name would be "Eurogeddon" and the Franc will easily survive an unstable and chaotic currency like the Euro which can hardly stand an election in Greece (1% of EU GDP). Even if this decision damages the Swiss economy for a short time the political and economic turmoil of the next moths will prevent it from being remembered as a major issue. "Francogeddon" (sounds like troll language to me) may link to this section. Information on the Franc goes on this page, and information on other currencies like the Euro on the respective pages. Equality 7-2522 (talk) 11:31, 19 January 2015 (UTC)

Oppose - The topic fits perfectly in Swiss Franc and doesn't merit its own article. Catobonus (talk) 17:59, 21 January 2015 (UTC)

Support with Respectable Name - I don't really have anything new to add to the table, but... I'm lost. How exactly is it an 'Armageddon' for the franc if the franc is getting a major increase in value? If it's possible to find satisfactory sources that give it a more 'sense making' name, then I would suggest giving the article that name. MM (WhatIDo WHATIDO?) ^{(Now THIS... I did.)} 13:00, 19 January 2015 (UTC)

Comment If there is to be a separate article, I like the "Alternative suggestion" from 71.41.210.146 above for it to be 2011–2015 Swiss Franc exchange rate capping (or similar), because you really need some context behind the end of the capping.--A bit iffy (talk) 16:30, 19 January 2015 (UTC)

Support split with proper name from 71.41... City AM is not using Francogeddon and I'd be surprised if the F.T. is. This is not a universal term. There's plenty of material - stuff like the collapse of Alpari spreadbetting platform - that could be cited in such an article with WP:RS sources. Philipwhiuk (talk) 16:50, 19 January 2015 (UTC)

PS: I added some more content to improve the argument for the split.

Oppose - This is an event in the history of the Swiss Franc, and while it has (temporary?) economic significance, it is well within the scope of the Swiss Franc article. Also, the name "Francogeddon" sounds silly and isn't used by the vast majority of media outlets when talking about the event. A cursory look at the top Swiss-Franc related headlines today shows that only a small fraction (if any) use that term. ThoseArentMuskets (talk) 21:39, 20 January 2015 (UTC)

Oppose - Both because the event is currently not big enough and and it is rather a small episode within the narratives of the Euro and the Swiss Franc. Plus, the title is misleading and stagy/tabloid style. --Fischerpatent (talk) 00:14, 21 January 2015 (UTC)

Oppose - waaaaayyyyy too premature. Just like we shouldn't have an article on the 2015 Ruble crisis it makes no sense to have this one.Volunteer Marek (talk) 00:52, 21 January 2015 (UTC)

Oppose - heading-level episode within Swiss Franc. concur about tabloid style also Tim bates (talk) 19:55, 23 February 2015 (UTC)

Oppose - Not enough content to justify a standalone article. – Smyth\^talk 17:12, 16 March 2015 (UTC)

"Franclet"

According to this article, there is an English-specific name for the minor division of the Swiss Franc, namely the franclet. I'm inclined to believe this is an in-joke within a small banking community or even just vandalism, since a google search for ' "swiss franc" "franclet ' offers no legitimate results. Can anyone confirm a source for this (nick)name? — Preceding unsigned comment added by 187.189.151.74 (talk) 06:46, 15 May 2015 (UTC)