The financier named alternative currencies to the dollar for savings

The best currency for savings is the currency of a developed country, which does not depend on natural resources, and also adheres to international requirements and standards. Andrey Maslov, an analyst at FINAM Group of Companies, announced this, Prime reports.

So, according to Maslov, it is best to invest in the euro, pound sterling and Swiss franc.

He explains that since the start of the pandemic, the euro exchange rate against the ruble has risen from 73.81 to 89.50 rubles, that is, by 17.5%. The financier added that a diversified economy and developed institutions make the region extremely attractive for investors, and this is reflected in the exchange rate.

The pound sterling, in his opinion, despite Brexit remains one of the most important on the world stage, and its growth against the ruble in the year of the pandemic was 17.76%. “A developed economy and balanced political decisions have always supported the national currency of this country even in the worst years of global crises,” the expert specified.

The currency of a neutral and stable Switzerland is also in the interests of the investor. Maslov clarified that the country has been taking a position of neutrality for several hundred years and is famous for its extremely reliable banks, “playing the role of the world treasury.”