Investing is always a great way of generating additional profit. The ever- changing world we live in today gives up plenty of investment opportunity – stocks, real-estate, commodities, gold and even art. What about currencies though?

Is it investing in currencies? Many experts would agree that it is. However, as with any investment, there’s always a certain level of risk. The value and stability of any currency depend on a number of factors and the situation can change rapidly.

Is there a way to minimize these risks? One of the ways to be on a somewhat safer side, in this case, is to invest in several different currencies. In additional, experts suggest focusing on the most stable ones.

What is the best currency to invest?

Based on our pervious blogs we discussed about some currencies which are mostly traded over the world but now I would like to share my views on best currencies to invest in.

United States Dollar (Currency Code – USD)

Despite the fact that the US Dollar is considered by many to be less stable, it still has the status of the world reserve currency and its popularity is beyond question.

As of 2019, almost 90% of all Forex transactions were made in US dollar. So it’s reasonable to consider USD as one of the best currency investments.

European Euro (Currency Code – EUR)

The world second reserve currency is also considered to be one of the safest investment decisions. Despite the complicated economic situation in some European countries, the value of this currency still remains quite high and stable.

Swiss Franc (Currency Code - CHF)

One of the safest currency to invest in, besides the US dollar and EURO , is the Swiss franc. Stable market economy high GDP, low unemployment rate, country’s focus on supporting its national currency , an extreme advanced banking system- all factors make the swiss franc an attractive investment opportunity.

Japanese Yen (Currency Code - JPY)

There are good reasons to choose the Japanese yen as the currency to invest in. First of all, the country’s inflation rates have been low for extended periods of time. This currency is not pegged to the US dollar or the euro and therefore retains its purchasing power even in times of crisis.

Good trading relationships also contribute to the liquidity of the Japanese yen , since the local currency is involved in all transactions other than the US ones.

Swedish Krona (Currency Code – SEK)

Another good currency to hold long term in Swedish krona. The country’s policy aimed at maintaining good supporting currency exchange rate. This way the country minimizes the risks of currency devaluation and controls the inflation rate.

Norwegian Krone (Currency Code – NOK)

Norway has maintained to accumulate an impressive reserve funds, which helps the country to maintain its strong economy. Just like Switzerland and Sweden, Norway focuses on supporting its national currency. This country has show low inflation rates over the past years.

British Pound Sterling (Currency Code – GBP)

The past decade has seen increasing demand of the GBP among the investors. Its tool third place in the reserve currency in 2006. However, today also hold its fourth place in the world economy. As it’s showed its great demand in the forex market, giving good returns as the fluctuation is also high depend upon the news in the market.

Australian Dollar (Currency Code – AUD)

Low unemployment rates in the country help expert’s recognize an investment in the Australian Dollar as economically viable and reasonable. However, the country lives off its exports of natural resources, so slightly fluctuations in the currency exchange rates are still possible.

As you might have also some of your own strategy or currency to invest. These currency are favourable among the world, investment is very necessary for future prospective. Invest in right area but before that study the last five or ten year’s report of that stocks or currency. As research is very important.