Ukrainians urged not to rush to buy euros: what is the reason.
The Ukrainian financial market is becoming unstable due to political processes affecting exchange rates. According to financial analysts, purchasing euros is currently not recommended, but there are other strategies for saving savings.
The worst option now is to buy euros, as the market is cyclical and, in my opinion, the euro exchange rate has reached its maximum level. We are placing our investments in dollars while the rate is low, but there is a possibility of the euro exchange rate declining.
It is also worth paying attention to the American currency. According to experts, Ukrainians are increasingly moving from hryvnia deposits to foreign currency due to the risk of rapid changes in the situation in the country.
For those who have large amounts, it is recommended to invest in hryvnia government bonds, which can be sold at any moment and are guaranteed by the state. For smaller savings, short-term hryvnia deposits may be suitable.
The investment portfolio should be diverse - almost equally in hryvnia and foreign currency, for example, hryvnia bonds or deposits. This balance should be maintained.
However, it should be remembered that after a peace agreement is reached, there may be a devaluation of the hryvnia, so holding foreign currency cash may be the most advantageous instrument.
Overall, experts agree that selling currency is unwise if there is no extreme necessity.
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