Importance Of Currency

In what currencies to keep their savings? This issue is really of concern to many Russians. Before the advent of the euro, it seemed that the dollar is the most reliable and infinitely hard currency, but its position over time, becoming more complex. The stability of the two currencies finally crippled the financial crisis. So who should give preference to today and what still keep their currency savings? Relations between the dollar and the euro have become very sophisticated. Just a couple of years ago, no one doubts the stability of the euro, as This currency is firm and confident on his feet. Today, financial analysts are predicting many of forecasts of very optimistic, to fully pessimistic. In the euro area have a problem with a slightly 'uneconomic' Greece.

This country has lost just three points in the credit rating, and to restore the tattered reputation of its required loan of more than 8 billion euros. In the deplorable condition today is Portugal and Spain. Portugal has recently lost two additional steps in the long-term credit rating and forecast further, most likely as poor. Rate European currency has grown up a bit in anticipation of the long-awaited financial gifts to Greece. In America, periodically rising noise at the next bankruptcy of large banks or corporations, the U.S. dollar starts to 'gale'. More predictable compared to other world currencies, the ruble is behaving.

The ruble should be clear for the price of oil and do not respond to any financial scandals. Following the rise in price of oil, strengthening the ruble. If there is falling oil prices, then the Russian ruble weakens. But this trend does not give long-term forecasts. Not so long ago the price of oil has been so unpredictable, that financial analysts are trying to predict random developments. Perhaps best of all in the eurozone feel those countries that have retained their national currencies, would not trade it for the euro. So for example has a stable local currency in Poland, the zloty, which earlier this resistance did not differ. Summarizing, we can say that the best solution would be able to have all rates gradually, giving preference to the base currency of the country. Such a choice will be more reliable.