Dollar, euro or the hryvnia: in what currency is best to keep their savings?

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28 August 2019 11:00Darin Rozumny
Dollar, euro or the hryvnia: in what currency is best to keep their savings?

Dollar, euro or the hryvnia: in what currency is best to keep their savings?

istockphoto.com

When it comes to saving money, you begin to consider ways of keeping intact their finances, then the number of questions arise: how to keep money in a currency.

Keeping money in euros

  • The European Union is a rather successful and sustainable economic project, which includes the stable economy of Germany, France and England.
  • The entire area of ​​the European Union still remains strong and this ensures stability of the euro. Therefore, 30% of your savings, you can be successfully stored in that currency.

Dollar, euro or the hryvnia: in what currency is best to keep their savings? / istockphoto.com

Keeping money in dollars

  • This is one of the most hard currencies in the world, used in most transactions, and the main reserve currency for a number of central banks, which speaks in favor of the stability of the dollar.
  • There is a loss of money in the exchange hryvnia into dollars and then back.
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  • This is the most counterfeited currency in the world, so there is a risk that part of the savings, if you keep the dollar under the pillow, would pile of papers.
  • If you are too afraid of sharp fluctuations of the dollar, you can make short-term dollar deposits, and after that look at the situation that is emerging in the country: to renew its contribution or transfer money to another currency.

Dollar, euro or the hryvnia: in what currency is best to keep their savings? / istockphoto.com

Keeping money in UAH

  • You should know that in Ukraine more than 20 banks are in the process of liquidation. Every ninth bank became insolvent.
  • When martial law in the country, no bank can not give an absolute guarantee of preservation of your contribution.

Output:

Any contributions in any currency - is the risk. But the risks lie in wait for us everywhere, so learn to manage them. If you do not risk, you just do not know how to live.

You will find interesting 10 easiest ways to save money

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