Swiss franc
In September 2020, the Swiss franc took the first place in terms of the yield. Since the beginning of this year, the franc appreciated by 30.5% to 83.40 rubles. Importantly, in early January 2020, its value was below 63.89 rubles. Since June, the Swiss franc has added 15.8%. That is why analysts expect that the currency will fall in the near future.
European single currency
The euro occupied second place in the rating. Recent estimates showed that the euro is slightly behind the Swiss franc, but it is confidently rising. Since the beginning of the year, the euro advanced almost by 30% and it is not the limit. The fact is that the single currency is boosted by the ECB’s financial injections aimed at stimulating the European economy hit by the coronavirus pandemic.
Japanese yen
The Japanese yen was named the third safe-haven currency. Since January 2020, the yen gained in value by 28.4% remaining one of the most attractive currencies for buyers. Most investors suppose this currency to be the most suitable for saving money. At the moment, the yen’s price is lower than the price of the ruble (71.38 kopeks for one yen). Thus, traders can buy 100 yens just for 71.38 rubles.
Chinese yuan
The Chinese yuan is the fourth in the list. Since the beginning of the year, the Chinese national currency soared by 25.63%. The Chinese yuan is now trading at 11.15 rubles. Importantly, it is the most popular currency to invest. Economists emphasize that it is more accessible than the euro and the Swiss franc. At the same time, the yuan’s exchange rate depends on the Chinese economic policy. In case of necessity, the People’s Bank of China may push the yuan lower against the US dollar to support exports.
US dollar
The US dollar closes the list of the top five most profitable currencies. Since early 2020, it has gained 22.9%. Earlier, the greenback was considered to be an undisputed leader. However, it pulled back to fifth place. At the beginning of the autumn, the US dollar was quite weak and failed to reach the highest levels of this year. Notably, in March, it was trading at $80.87. At the moment, it slightly exceeds $75. However, analysts are sure that the current weakness is a short-lived phenomenon and the greenback will soon recoup all its losses.
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