Currency needs to be bought

18.05.2021

A stock market expert advised buying the currency regardless of the current rate.

When exchanging rubles for dollars or euros for a summer vacation, it is worth considering that “even a few percent of the gain in the exchange rate difference is hardly worth thinking about the moment of purchase,” he explained.

“To protect long-term savings, it is better to systematically invest in foreign currency as soon as such savings appear, not really thinking about its rate,” the expert also said. Meanwhile, he noted that it is still better to avoid extreme fluctuations in the rate, but if you make purchases systematically, then usually a losing deal is compensated by a more profitable one.