Head of the personal brokerage service department “BCS World of Investments” Sergey Kuchin named agency “Prime” the best time to buy currency in order to preserve savings.
“The golden time for buying currency in order to diversify your savings is always. Nobody knows where the “bottom or top” of the currency rate is, so it is more correct to buy it every month for a portion of your savings, ”the analyst said.
He advised investing the purchased currency in American securities or shares of European companies. In addition, the expert warned Russians against buying dollars or euros for speculative purposes, since it is difficult to predict how central banks will behave during a period of turbulence.
Earlier, economist, analyst at FG Finam Alexey Korenev predicted that the ruble would continue to fall, while the dollar would continue to rise in price. The speed of this process, in his opinion, will depend on many unpredictable factors – the geopolitical situation, oil and gas prices, the situation with the coronavirus and others.
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