Tradition has it that just only the truly safe place to store the hard earned money is only under your mattress. Here we will discuss top five currencies currently on a rollercoaster. That is just the homespun equivalent of somewhat saying that to keep the money safe you just need to keep it as the cash that is rather than just investing it. But in the today’s somewhat volatile and globalized world even value of the hard currency just goes soaring up and also plummeting down by the various turns. And with just even tried and also the true bastions of the financial security such as the precious metals just currently losing their value is investor who just the turns to the new forms of the currency such as the digital currencies somewhat forward-looking sage, or even the myopic fool?
5 .The United States Dollar
Top five currencies currently on a rollercoaster include The United States Dollar. One of just only ways to get the accurate measure of somewhat how nation’s currency is just performing is to somewhat look not within the said country’s borders but just rather to compare exchange rates between it and also some another nation’s money. One that is just frequently used to measure USD is Japanese yen. And also currently dollar appears to be just doing well against the Japan’s currency. In fact USD is at five year high versus yen, with latter just yielding full 20% of less buying power than it just did earlier in year. That is just good news for outlook of the economy and for the Japanese exporters.
4. The Chinese Yuan
Top five currencies currently on a rollercoaster include The Chinese Yuan. If there was just ever any doubt that government of the China directly influences value of the national currency officially Renminbi, but frequently also called Yuan after one of most common denominations just look at exchange rate between US dollar and Yuan over course of two years period. During last 24 months Yuan has just hovered between the 6.39 CNY and also the 6.1 CNY. That is also clearly currency pegged to US dollar which has just seen fluctuations of somewhat nearly around 25% of the valuation when just compared to Euro during the same period.
3.Gold and Silver
Top five currencies currently on a rollercoaster include Gold and Silver. Investors who were just seeking safe haven for the wealth and just turned to old favorites, the gold and also the silver are just watching the money melt away during these days. According to just some of the analysts dollar invested in the gold in year 2010 would just today be worth less than around $7.50. That is just around 25% drops in the value primarily just because during the same period stock market the gold and the silver’s ancient adversary have just soared upward in the value.
2 .Treasury Bonds
Top five currencies currently on a rollercoaster include Treasury Bonds. Another area of investment traditionally seen as the safe and the sound the United States Treasury Bonds are somewhat likely about to see precipitous drop in the value and also the allure. With Fed likely to just finally raise the interest rates during next year yield of Treasury note is just likely to drop even as value of the stocks might rise.
1. Bitcoin under the Microscope
It might just be darling of the Libertarians and also the hackers everywhere but just at least some of the established financial organizations are somewhat betting against the Bitcoin. The European Banking Authority has also issued strong warning against new digital cryptocurrency somewhat highlighting risks of the money without just any of the established underpinnings.