When thinking about what currency to store money in 2020, it is worth understanding that there is no single option with a full guarantee of stability. Political and economic crises, the consequences of natural disasters can lead to a rise in the cost of some monetary units and cheaper others. In any case, rapidly changing conditions require learning to monitor the current state of affairs both within the country and in the world as a whole, and to adapt in a timely manner to changing circumstances.
Features of individual currencies
Understanding the characteristics and trends regarding monetary units most often used in the Russian Federation will help you choose the best option for storing your own monetary accumulations, and possibly also increasing their reserves.
Ruble
In relation to the ruble, dependence on the cost of oil remains. With an increase in the price of the latter, it will be possible to talk about strengthening the national currency. But there are no objective reasons for a significant increase in prices for “black gold”, which is primarily associated with an increase in its production in the United States. On the other hand, this has a positive effect on the rate of inflation, or rather helps to reduce it.
Given these facts, it is possible to completely store part of the money in 2020 in national currency, in particular, the funds needed to pay off permanent needs. An additional advantage of this option will be increasing rates on ruble bank deposits, which cannot be said about foreign currency deposits. But even in this case, the yield is not much higher than inflation, so deposits should not be considered as an investment tool.
Dollar
For 2020, experts are talking about a possible sharp rise in the dollar, which further confirms the strengthening of the US domestic economy. The forecasts for Russia’s internal exchange rates are still mixed: experts from the Ministry of Economic Development forecast the ruble to dollar exchange rate at around 68: 1 in 2020, but some experts are talking about a possible jump in the dollar to 70 or even 80 rubles, which will depend on sanctions for the Russian Federation.
Thus, you can ignore the rumors that have been prophesying the collapse of the dollar for more than a year and choose it to store part of their savings in 2020. It will also be useful here to recall that it remains the universal world currency, which is converted into national equivalents in most countries of the world. But buying dollars is better for "free" capital. According to some analysts, dollar savings may not justify themselves in the short term, but after 2-3 years the situation will change for the better.
Euro
Against the background of the main currencies for Russians - the ruble, the dollar and the euro, it is the latter that shows great stability in recent years: it has strengthened against the ruble by 50% and against the dollar by 7%. But what happened and future events (like Brexit, the desire of Catalonia and Northern Ireland for independence) can shake this stability already in 2020.
Thus, the best option for storing your own savings will be their division into several parts for the purchase of different currencies. This will partially protect yourself from losses associated with exchange rate fluctuations. The proportions of the distribution of currencies can be chosen independently depending on the shelf life and goals or you can use the most popular proportions among financiers: for example, the famous rule of thirds, which implies the diversification of savings in rubles, dollars and euros by 30% for each currency.
Alternative methods
It is possible to store money in 2020 not only in foreign currency, but also consider alternative non-monetary methods of accumulating funds. Among them:
- Gold. During 2019, a gradual increase in the price of gold was observed: in October, the cost of 1 troy ounce (31.1 g) amounted to almost $ 1,500. If the trade relationship between the United States and China continues to worsen, the precious metal will continue to rise in price. Gold is bought not only by private investors, but also the largest central banks in the world.
- The property. A reliable method with the main drawback in the form of the need to have a large amount of funds to buy an apartment or house. Therefore, it is not suitable for all segments of the population. During crises, the price of housing drops rapidly, but over time it will be possible to sell it much more expensive, while making a good profit. In addition, additional income can be obtained by renting out real estate.
- Securities, stocks, bonds. A cost-effective option is not only to save, but also to increase your savings. But for this you need to be able to assess the situation in the financial market and not forget that there is always the risk of losing all investments. So, before buying shares, it is important to convince the reliability of the selected company. Such in Russia are considered Gazprom, Transneft, VTB 24 and, more recently, MTS.
- Cryptocurrencies. A new way of investing money and at the same time a vivid example of instability. What is the incredible rise in the price of Bitcoin in 2017 and practically its depreciation in 2018. Most experts agree that on the deposits in virtual money, the “train has left”. This option should be considered only for those people who constantly monitor the situation on the market and understand the nuances of its functioning.
Read also:
- Salary increase for public sector employees in 2020
- SPIEF in 2020: dates
- First child allowance in 2020
(1 ratings, average: 5,00 out of 5)
Loading...
