Is it worth buying dollars now, or How to keep your money from inflation?

The political situation for today makes us seriously think about tomorrow. It's scary not only for your well-being, but also for life. But one of the main issues is money. Is it worth buying dollars with 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, yet the propensity for profitable investments and the intuitive sense of change in the exchange rate will save their funds from inflation and anticipate the possible development of events.

Why is there so much excitement around buying foreign currency?

Anyone who is slightly interested in the news and monitors the changes in the exchange rate, notes that recently these fluctuations occur very often. Every action by the leading world powers provokes a change in the course. These events are at the epicenter of a large number of Russian media.

The national currency began to depreciate in large part as early as 2012. Professional trade in the market of currencies and securities implies a huge risk and dependence on the slightest news fluctuations, but buying dollars in real life is becoming a dangerous occupation. Since today's sale price can be many times greater than it will be tomorrow.

Buy foreign currency should, having some confidence in the benefits of its subsequent sale. Nobody can give 100% guarantees to such a probability, which can be given a simple and logical explanation: the ratio of the ruble to the dollar, mainly depends on the price of oil. Note that a barrel of "black gold" is unlikely to reach a psychologically comfortable for the Russian economy, a limit of $ 100, and the fall in prices for hydrocarbons can not 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.

Nuances of operations

If the hands have a significant amount of money, then at any time you can transfer them into foreign currency. But it should be noted that to cover financial costs, one must wait for a serious difference in exchange rates. If there is any doubt as to whether it is profitable to buy dollars now, then it's better to wait, because 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, a gradual rise in the price of gold, which was then replaced by a gradual decline in price. But with careful observation on metals, you can always earn much larger amounts than on currency and shares. If living in Russia and receiving a fee for working in a ruble equivalent, wondering whether to buy dollars today, it should immediately be understood that the giddy profits will not bring it. But the relatively high rate of the US dollar opens up unlimited business opportunities in the export of Russian goods. In addition, it is a chance to translate into money equivalent your knowledge and skills, realized on the Internet, and get paid for it in currency. Therefore, over the question of whether it is worth buying dollars now, we must seriously think about it.

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 outbursts became apparent after the global financial crisis that had an impact on the Russian economy. The crisis is not a disaster for the economy. Rather, it serves a creative reconstruction and purging it of all unnecessary. In other words, it is an impetus to 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 can not decide whether it is worth buying dollars now or it 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?

Unequivocally, you need to plan savings, and the considerable amount that lies under the mattress, in price, only decreases. If the main income and expenses in the national currency, then there is no need to translate it. But if you have received funds that are not fundamentally important today, you can transfer them into a dollar equivalent and put them on 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. Do you want to buy dollars now? It is possible, especially if you calmly take risks and do not plan for rapid enrichment.

How to be?

Let's summarize our reasoning. If you are thinking about whether it is worth buying dollars now, then calculate the total amount of your savings and think how long you can manage without them. If the period is significant, and the main budget is in the national currency, then you can transfer funds and postpone them until the best time. It should be noted that loans and other loans should be taken in the currency in which savings are kept. It would be sensible not to "store all the eggs in one basket," but divide the funds into parts in different currencies, so that when one of them is deprived of compensation in the other.