In what currency is it better to store money this year

Good afternoon! I have some small savings. The question arose in which currency is it best to store money: in rubles, dollars or euros?

Andrey, 32 years old, Russia, Ekaterinburg

For many people, the issue of keeping savings is relevant. In modern society, often people want to keep their savings in foreign currency. How to determine if a currency is reliable?

☝ Experts believe that it will be safest to keep money in foreign banks. But this option, for various reasons, is not available to everyone. How then to be? And how not to lose the accumulated funds?

What do the authorities of the Russian Federation advise?

The Ministry of Finance and the Central Bank believe that there is no cause for alarm this year. The Russian economy shows its growth ⇑. Sanctions imposed by other countries even contribute to development. Exported oil and gas prices are good. The government considers the ruble the safest currency. Based on the foregoing, it can be understood that funds must be stored in rubles. Better at state-owned banks.

Take note!
If the owner of the funds lives in Russia, then these funds should be stored mainly in rubles. At least the largest part of the accumulated. After all, all payments occur in national currency.

In the near future, we wrote about what will happen to the ruble and the dollar in this article. Is it worth buying dollars and euros now, read here.

When buying foreign currency, you need to pay attention to the following trends:

if the currency has become cheaper not because of the crisis, then soon it will rise in price (you can earn during this period);
the most favorable rates take place at the end and beginning of the year (at this time there is an excess of foreign currency, as countries buy oil and gas from the Russian Federation).

📣 By the way, buy and sell currency no extra charge directly It is possible on the Forex exchange through a broker. The main thing is not to make a mistake with his choice. One of the best is this brokerage company.

How to make money on Forex - proven ways;

How to trade on the exchange - step by step instructions.

Which currencies are the safest?

There are no completely safe currencies. By far the most global currency has long been considered American dollar . Mostly in this currency, central banks around the world keep their reserves.

Often, citizens of the Russian Federation choose exactly the dollar. Stereotypically, the dollar is considered the most suitable option. It is also important to note that the dollar is losing stability in all kinds of international events.

According to experts, this year the dollar will strengthen against many currencies. In relation to the Russian ruble as well.

The next global currency is Euro💶. At the same time, due to the economic problems of some European countries, the euro / dollar rate has declined. The British exit from the European Union also affected.

In spite of everything, now along with the dollar it is recommended to keep part of their money in euros. Indeed, over the past few years, the euro as a whole has shown its stability.

What besides the dollar and the euro?

What other options are there? Besides dollar and Euro There are a number of attractive currencies for investments. Among them, knowledgeable experts call swiss francs and british pounds. Russian citizens have the opportunity to purchase these currencies at some banks.

Expert opinion!
We must not forget about diversification, since all eggs are not stored in one basket. The best form of savings will be the distribution of funds between the dollar, euro, British pound and rubles in approximately equal shares.

In the end, we can say that we must listen to expert opinion and monitor the economic and political situation in the country. Everything should be approached reasonably. And then it’s possible not only to save the accumulated money, but also possibly increase. Read about where to invest to earn money in a separate article.

We also recommend watching a video on the topic "How to trade and make money in the Forex currency market":