All about Dollar rate. When will the dollar rate fall and how much?
Best currency to earn. The currency that's best to hold. It's a good currency to save. How do you save your dollars and euros? Which currency is best to save? Which currency is better than the euro or the dollar? What is the best currency to keep your savings in? How do I save my currency? Which currency should be depreciated? Which is more reliable than the Euro or the Dollar? Dollar or euro savings. The most reliable currency.
Coronavirus, influence on ruble and oil, chart (live)
Dollar rate will fall?
Which dollar forecast for tomorrow?
"Dollar exchange rate is going to fall down;
that's what we've been hearing lately from all sides.
The U.S. economy is exorbitant. The fall of the dollar is predicted due to the fact that the U.S. has a huge budget deficit.
They also predict a significant fall of the dollar against the euro, which itself is not a stable currency.
The euro, despite all its shortcomings, is the second currency in the world as a currency of reserves.
The population and major players prefer to keep their capital in dollars and euros.
The dollar rate was not always free.
Until 1971, the dollar rate was regulated by the state in the U.S., and now the dollar prices are determined at auction.
The dollar and the international market are not directly influenced by the states.
The dollar will grow if there is an increased demand for the dollar and if there are more buyers than sellers.
If there are more sellers than buyers, the dollar rate will start falling
Dollar rate will fall?
When will the dollar collapse?
Dollar rate depends on America's investments in the foreign economy.
The dollar is also affected by the U.S. export/import balance, the country's external debt, which is huge and growing time.
Domestic and foreign debt, as well as a huge budget deficit - undermines the credibility of the dollar. It puts pressure on the interest of buyers of this currency.
Why then have the forecasts not been fulfilled for many years? Why hasn't the dollar collapsed?
Begin with the fact that instead of dollar there must be some other currency that will perform the functions that the dollar now performs as an international currency. The Euro, for example, is a very young currency. It has been going through hard times for a year now. There are serious problems in Europe, which are not in the US.
In some European countries, internal instability, financial crisis, high external debt (as in the USA.)
The dollar has been depreciating by at least 40% or 50% over the last ten years, and yet the global economic crisis has supported the dollar significantly. At a time when even real estate started to fall sharply, it was necessary to save your capital, and the dollar was very suitable for this.
What else does dollar rate support? The currency basket is suitable for saving capital. As a rule, this basket includes the major currencies, among which the overwhelming weight is the US dollar.
Brazil, China and Russia buy a huge amount of dollars.
What currency should I keep my savings in?
What do I store my savings in dollars or euros? You made some money. It's now possible to postpone it for a rainy day. You are saving. Suddenly you hear on TV that dollar must collapse, euros are in a precarious position, and the ruble is regulated by the state.
So what currency should I keep my savings in?
The first rule is: Do not keep all your eggs in one basket.
To keep your savings for a fairly long time, you need to keep them in several currencies. Most often it is ruble, US dollar, euro, and lately it is yuan, pound, Canadian dollar and also Japanese yen.
By adjusting the ratio of currencies in your basket, you can not only save capital, but also multiply it.
It is best to keep your savings in several currencies at once.
Is it right to invest in currencies at all? As you know, the dollar, as well as the euro and the rest of the currencies following it each year significantly lose weight by several % per year. In ten years, all major currencies have lost at least 20% against the euro. The inflation rate was much higher. So keeping capital in currencies is not a good solution. Rather, currencies can be seen as a refuge for the short term.
Dollar rate, forex 08.08.2020
Investments in currency can be hedged. In this case you incur some losses, but in return you get reliability and stability. How to make a hedge is good - it is described on traders' websites at Forex brokers.
When we talk about currency, we mean forex trading. I'd rather deal with brokers on the exchange. Choose your taste in futures, commodities, stocks.
Currency rates are monitored by investors. They invest their capital, including currency. While creating a basket of currencies and their portfolio.
Also, central banks and the government are watching the currency rate. Forecast of the dollar and in general, the exchange rate of any major currencies is a very difficult thing to do.
Dollar strength
The problem of saving capital has been facing humanity for many hundreds of years. Gold used to be the most reliable. Later, when currencies appeared, they were equated to some amount of gold.
Interestingly, even today gold is an attractive means for conservative investment.
But imagine that gold has depreciated 100 times, for some year or a year and a half, as it can happen to the currency of any country. This can't happen.
That is why gold investments have their positive features.
Investing in currency: forex or stock market?
Invest in currency and trade currencies is extremely difficult. Take a look at the currency charts, compare them with charts of stocks, oil or gold rates. You will notice one peculiarity in the currency charts - they are very chaotic and unpredictable in comparison, for example, with the gold price chart.
It is hardest to predict the currency rate in short-term trading.
Many technologies are used to predict the exchange rate, the main of which is fundamental and technical market analysis.
It does not matter if the dollar is falling, growing or moving, in some corridor, in any case you can earn on it.
It is possible to trade currency with leverage at Forex and on the exchange. Then, having only $100, you can earn a thousand in one day. But it is very risky to trade currencies with a lot of leverage.
The chance to earn on currency rates is very high, as well as the chance to lose everything. Unlike trading in equities or bonds, where trading is more conservative. Since the exchange rate is completely unpredictable, for many it is more convenient to invest your money in stocks. If you have no experience, and have not devoted half your life to trading, it is best to trust professionals, investment funds. Dollar will collapse?
Stock market and forex difference
Compared to trading shares on the exchange, currency trading has one feature: if you trade against each other on the exchange (one trader sells and another buys shares, futures from him), then at Forex you have to balance your trade to a small extent with the forex broker. If you have won $1,000 on the forex exchange, it means that the dealing center must also automatically make this trade out. The right broker will quickly balance the trades by bringing them to the external market. Large currency transactions are brought directly to the exchange completely and the type of transaction is different. There is also currency futures trading. However, professionals work on the stock market and on large deals and it is always harder to win money from them.
