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Safe Haven Currency

Exchange RateSafe haven currency is the type of currency which is extremely stable and reliable from the point of view of investors.The financial and political stability  of the country  also contributes to the safe haven status of the currency.In the currency economic conditions US dollar and EURO have earned the hard  currency status.

 

According to the economic experts,mostly countries with huge trade surpluses have the hard currency status currencies. Hard currencies are also due to high foreign exchange reserve of the country. Mostly long term investors prefer hard currency over the soft currency due to long term stability of hard currency.

 

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About Emaad Qureshi