The political situation today makes us seriously think about tomorrow. It is terrible not only for its well-being, but also for life. But nevertheless, one of the main issues becomes monetary. Should I buy dollars in the current instability of the exchange rate or prefer the national currency? This problem torments not only financiers with an analytical mindset, but also mere mortals. And although the owners of small savings are unlikely to be able to make a fortune on short-term fluctuations in the exchange rate or make money on the securities market, nevertheless a tendency to profitable investments and an intuitive sense of changes in the exchange rate of currencies will help to save their funds from inflation and predict the possible development of events.
Why is there such a stir around buying foreign currency?
Anyone who is at least a little interested in the news and monitors changes in the exchange rate, notes that recently these fluctuations occur very often. Each action by the leading world powers provokes a change in course. These events are at the epicenter of a large number of Russian media.
The national currency began to depreciate to a large extent since 2012. Professional trading in the currency and securities market implies a huge risk and dependence on the slightest news fluctuations, but buying dollars in real life is becoming a dangerous business. Since the current sale price may be many times higher than it will be tomorrow.
Foreign currency should be bought with certain confidence in the benefits of its subsequent sale. No one can provide 100% guarantees for such a probability, which can be given a simple and logical explanation: the ratio of the ruble to the dollar mainly depends on oil prices. Note that a barrel of "black gold" is unlikely to reach the psychologically comfortable milestone for the Russian economy at $ 100, and the fall in hydrocarbon prices cannot last forever.
Russia, as a world power, has effective levers available to all oil-producing countries, with the help of which it can partially regulate the situation in the financial market.
The nuances of operations
If you have a significant amount of funds on hand, then at any time you can transfer them to foreign currency. But it should be noted that to cover financial costs it is necessary to wait for a serious difference in exchange rates. If there is any doubt about whether it is profitable to buy dollars now, then it is better to wait a bit, as for today the US currency has exhausted the potential for significant growth.
For investment, you can always find more effective mechanisms. For example, for almost 11 years there has been a gradual rise in the price of gold, which was then replaced by a gradual decline in prices. But with careful observation on metals, you can always earn much larger amounts than on currency and stocks. If, while living in Russia and receiving a ruble-equivalent payment for work, one wonders whether to buy dollars today, then it is worthwhile to immediately understand that this will not bring dizzying profits. But the relatively high exchange rate of the US dollar opens up unlimited business opportunities in the export of Russian goods. In addition, this is a chance to translate into the monetary equivalent their knowledge and skills implemented on the Internet, and receive payment in foreign currency for this. Therefore, the question of whether to buy dollars now should be seriously considered.
The financial crisis: trouble or luck?
In fact, the decision on what to do with your personal savings is a person’s private life, his financial policy and the result of his considerations, which should not lead to a loss of funds. These flings became apparent after the global financial crisis was affecting the Russian economy. The crisis is not a disaster for the economy. Rather, it serves as a creative reconstruction and cleaning it from all unnecessary. In other words, this is an impetus for a more efficient development of the economy. But the positive result of the crisis is visible only to the government, and not to ordinary people who cannot decide whether to buy dollars now or this is fraught with negative consequences. What to do?
So is it worth buying dollars now, given the tense situation in the country and the world?
We definitely need to plan our savings, and the significant amount that lies under the mattress only decreases in price. If the main income and expenses are in national currency, then there is no need to transfer it. But if funds have been received that are not fundamentally important today, then they can be converted into the dollar equivalent and put into the appropriate savings account. But no one now can accurately predict the development of events in the foreign exchange market. So, a month ago, there was a clear tendency to cheapen the ruble against the dollar and the euro. But now the fall has stopped. The ruble began to level off. Should I buy dollars now? It is possible, especially if you calmly relate to the possible risk and do not make plans for quick enrichment.
