Many experts suggest investing in foreign currencies as it widens an investor’s portfolio
Investing is a great way of earning additional profits. In these ever changing times, marked with plenty of opportunities, people have a wide array of options ranging from real estate to commodities to invest in.
But is it worth investing in currencies?
Many experts suggest investing in foreign currencies as it widens an investor’s portfolio. They also advise investing in several different currencies as it reduces risk of loss.
In addition, unlike stocks, currency prices are available to everyone in real time basis. To invest in currency, you do not require an “insider”, you can do your own analysis.
Despite the fact that many consider US dollar to be less stable, it still has the status as the world’s reserve currency which makes it one the best currency to invest in.
Best currencies to invest in besides US dollar
European Euro
The Euro is the world’s second reserve currency which is considered the one of the safest investment.
Swiss Franc
It is one of the safest currency to invest in, most millionaires and billionaire buy Swiss franc.
Japanese Yen
Japan’s inflation rates have been reigning low for a long time now. It retains its purchasing power even at times of crises.
Swedish Krona
Sweden’s policy is aimed at maintaining a stable exchange rate which minimises the risk of currency devaluation, making Krona the perfect currency to invest in.
Norwegian Krone
Just like other Scandinavian countries, Norway focuses on supporting its local currency. It has managed to accumulate an impressive reserve fund.
