Analysts International Banking Corporation HSBC published a study of major world currencies.Business people tend to keep their savings and frantically looking for the most reliable currency.US dollar, Swiss franc and Japanese yen, traditionally the main currency savings - no longer satisfy panicked depositors.Because now the economy of these countries is not as stable as before, and is in limbo.Smart investors believe they have found a new reliable currency for conservation savings.
"Best in the world currency - Norwegian Krone", - analysts say HSBC, published an analytical study of the major world currencies, - informs "Interfax-economy."
Now krone is stable against the dollar and the euro after recent falls, since the autumn of last year, the Norwegian national currency is growing steadily, and this will continue over the next year and a half, it is believed to HSBC.
Norway has $ 350-billion investment fund, the eyeballs stuffed with money received from the sale of oil.The government also default to spend money on insurance risks.Together, these factors - the key to the stability of the national currency and its security.
predicted that industry in Norway this year will be reduced by a modest 1.2%.This is very small compared with the losses suffered by the majority of the world's leading economies.Currently krona is a "last paradise for security," said HSBC.So there is no doubt: the currency is in good shape.
Usually krona was weaker against other currencies - the Swiss franc and the yen, which is very well behaved during the crisis.For instance, the yen has risen more than a fifth against the dollar in the last 4 months of 2008, PEX.Investors are withdrawn in the currency their money derived from risky assets.But things have changed.The Japanese economy went into free fall.The IMF forecast that industrial production in the country dropped by at least 5.8% this year - and this is much more than in the US and the eurozone.Interest rates are close to zero, and regulyaory may soon intervene to weaken the yen, sinking it in order to help exports.
Switzerland went further, announcing in mid-March its intention to devalue the national currency for the first time in many years, to counter the threat of deflation.As a result, the franc fell against the euro by 3% immediately, and then he fell even more.Even the dollar, which has recently been feeling good, is at its lowest level against the euro since the beginning of January.
But experts point out that there are also disadvantages.After all, unlike Switzerland, where the banking system is highly developed and has extensive experience in managing capital inflows, Norway has no such financial infrastructure.This means that, although the currency will be promising for investment, from a practical point of view of those who have "big pot of money," simply can not leave them in Norway.
way, after analysts at HSBC published the results of his investigation, the Norwegian krone exchange rate has fallen quite sharply.The fall of 2.2% against the euro and was due not only to a decrease in the basic interest rate of the Central Committee of the Norwegian by 0.5% to 2%, but the intention to continue the weakening of the crown throughout 2009. However, in the opinion of many experts, the fallExchange rates against the euro is of short duration, since the continuation of growth in oil prices will inevitably stronger krona.
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Articles Source: bfmgazeta.ru;yoread.ru
