What is better to buy: euro or dollars?

Many people who have deposits in various banks often carry out such operations as transferring deposits from one currency to another, buying dollars and euros, as well as earnings for currency devaluation. These three operations with savings are closely related to each other, as in the complex they allow the investor to earn decent money.

Purchase and sale of currency


Most often, investors buy and then sell a different currency. The purpose of such operations is to increase their capital. Of course, dollars and euros are very popular.
If you want to earn on your capital, buying and selling currency, then you should conduct an analysis of the foreign exchange market. Over the past two or three years, there has been a tendency for the euro to go up and a gradual decline in the value of the dollar. If several years ago financial analysts considered buying a dollar profitable, now their opinion has changed dramatically.
In connection with the events in Ukraine, the value of the dollar in recent months began to decline gradually. That is why at the moment you should think carefully before buying foreign currency.
First of all, the fall in the value of the dollar and the euro is due to political factors. Experts suggest that such changes in the foreign exchange market were artificially induced. That is why experts do not advise making significant purchases of foreign currency now in order not to lose money.

What is better to buy: dollars or euros


To date, no financier will give you a specific answer to this question. Risk investors, of course, can buy both dollars and euros, but no one can guarantee them any guarantees of the preservation of their contribution. Based on information from the Central Bank of the Russian Federation, today it is still more profitable to buy euros, since it is this currency that is much more stable than the dollar.
Euro versus dollar is a more stable currency. This can be judged, if only because it was in the United States that the default was not nearly so long ago.

Currency devaluation


Another profitable operation - earnings on the devaluation of the currency.Russian citizens are accustomed to earning the ruble devaluation, but today it is possible to carry out such operations with the dollar and euro. You can purchase a significant amount in one currency and then sell it as soon as the exchange rate rises. It should be noted that such a strategy is very risky, since none of the financiers will be able to voice the forecast for a change in the value of a currency even for the next six months.

Conclusion


If you want to not only save but also increase your savings, then you should carefully monitor any changes in the foreign exchange market, as well as listen to analysts. Today you can buy euros and wait until the time when the value of this currency rises.
If you have a dollar deposit, you should consider transferring your savings to another currency. It is possible to further reduce the value of the dollar in the past few months.


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