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Most Ukrainians prefer to keep their savings in foreign currencies. The reason for this is the instability of the hryvnia and its susceptibility to inflation. Over the past 20 years, the hryvnia has depreciated 8 times against the US dollar. Unfortunately, the economy of Ukraine is constantly suffering from fever, and this affects the stability of the national currency and the standard of living of citizens. You can profitably convert currency in the service Exchange Kharkiv. People want stability and prefer to store their funds in other currencies.
U.S
The dollar is the most popular way of storing funds among Ukrainians. The dollar was especially popular in the first 15 years of the country's independence, when there was still no single European currency. It is the main world reserve currency, so dollar inflation is minimal compared to most world currencies. The coming economic crisis will undoubtedly affect the US dollar, but at the moment this currency is holding up well compared to others on the financial market. Exchange rates have been especially feverish lately.
Euro
In the last 15 years, the popularity of the euro as a tool for storing funds has grown among Ukrainians. For many, currency exchange has become a monthly norm. The European currency withstood the crisis of 2008 with dignity, but in recent years the value of the euro against the dollar began to fall. There are many reasons for this, but the main ones are the rise in energy prices and the war in Ukraine. Nevertheless, the euro remains one of the most popular means of storing savings for Ukrainians.
British Pound
The British pound has long been one of the most stable world currencies. The pound has always been more expensive than the dollar, and many of our compatriots living in England or having business ties with this country kept part of their savings in this currency. Unfortunately, the coming crisis is hitting the pound sterling very seriously, and the exchange rate of this currency against the dollar has fallen sharply in recent months.
Swiss frank
Few ordinary citizens know about this currency, and you will not see it in most banks and currency exchange offices, but any self-respecting businessman has had to buy Swiss francs. Many call the franc a currency for offshores. It is really safe to store your funds in it, because it is practically not subject to inflation. The Swiss franc has weathered all financial crises very well in the last 85 years. Swiss banks guarantee the safety of investments in this currency. This currency is not easy to acquire, but if you manage to do so, you will keep your savings safe.
