Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
the best currency for savings
Analytics

BKS Broker: the best currency for savings

28.02.2021
2 min read

Swiss franc is the best currency for savings

Experts of BKS Broker company have analyzed currency rates of different countries to understand which one is the most reliable. For this purpose the interval of six months was chosen, different fluctuations were taken into account, including the impact of geopolitical situation in the world and the pandemic. It turned out that the best currency for savings is Swiss franc. The money from European countries, including Denmark and Sweden, showed good results. Against the dollar, they showed excellent growth over the last year, overtaking the euro. However, if we look at the situation in the long run, the franc stands out, which has the status of a protective currency.
It should be noted that the demand for the euro may fall in the medium term. This is due to U.S. trade relations with other countries, including the EU, problems in the European Union itself. In addition, until the coronavirus vaccine is on sale, it is difficult to talk about global stability in general.
The dollar, in its turn, is affected by changes in the monetary policy of the Federal Reserve system and internal political processes. Therefore, despite the fact that the U.S. and EU money is considered the leading in the world, the best option would be to consider investing in the Swiss franc, which has long been a reliable asset.
However, Russian citizens who are interested in investing other than the dollar and the euro may face additional difficulties. Exchange rates in banks do not coincide with market values, and this can lead to additional costs. Investors who are considering buying the currencies of emerging economies are at risk due to the high volatility of money. The reason for this is the financial and political instability of such countries.

the best currency for savings

It is also necessary to take into account global processes, such as the crisis in the global economy associated with a pandemic. According to experts, the currencies of developing countries will feel the effects of the shocks for another six months, and the situation will be unstable. The best solution remains to invest in the Swiss franc.
Experts also advise to keep savings in several currencies, which will compensate for the fall in one of them. So far, the most popular option is the dollar and the euro, although as written above, their reliability is falling.
Analysts note that the Russians are closing deposits in banks on a massive scale. In July last year, many financial institutions announced a decrease in currency reserves. Now, the rate of customer outflow has decreased, but the situation is worrying. This affects the weakening of the ruble, which means that the national currency is not suitable for investment.

Tags: Analytics
0
Previous Post How the second wave of contagion will affect the cost of the cryptocurrency Next Post Huobi Singapore Exchange introduces new tools for traders

You Might Also Like

Evraz plc
Analytics
S&P Global Ratings analysts downgraded rating for Evraz plc
23.02.2021
fall of the dollar
Analytics
Experts from Sberbank Investment Research: Will there be a drop in the dollar rate?
05.03.2021
shares of Virgin Galactic
Analytics
Wall Street analysts recommend buying Virgin Galactic shares
30.03.2021
time to buy
Analytics
Analyst Victor Dima: why it’s time to buy stocks of Chinese companies
14.05.2021
fall in prices
Analytics
Fall in gold prices will happen by the end of the year: the opinion of the analyst of Freedom Finance
24.04.2021
global ETFs
Analytics
BlackRock analysts: global ETFs are actively developing
24.01.2022

Popular Posts

  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Spokesperson
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Spokesperson
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Spokesperson
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Spokesperson
16.05.2020

Popular Posts

  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics