Hello Hiveans!
When the whole world face the crises on the other side many people worried about their savings and currencies. This savings may be in the form of cash, currency, or any investment. People are worried by watching that they are losing the worth of the their money everyday. In this post I'll tell you about two stable currencies which have very fare exchange rates. These currencies looks like arising in the future. I'll tell you that what are the exchange rates of these two currencies in current two years. These two currencies, which are in low rate, are about to stand in front of high rate exchangeable currencies.
So, let's get started.....
1. UAE Dirham :
It was declared in 1973 for first time, on that time Riyal was on the peek in all emirates. Dirham replaced with Behreini Dinar. Now investor count Dirham in a very stable currencies of the world. The reason behind this, UAE announced a fixed exchange rate in which a currency's price is fixed according to other currencies. Some middle east countries like Jordan, Oman, Qatar, Saudi Arabia or UAE has fixed the rate for dollar to stability. For example, for oil, it's compulsory that USA have to be oil trading partner for oil rich countries. For from these countries like India, Pakistan and turkey had exported 80% of oil but this rate has been reduced. UAE has smallest note which is 5 AED and the largest note 1000 AED, other than this it's has some small coins also. Now, let's compare the Dirham to Pakistani rupees of current 6 years. Let's share with you guys some current years rates. Now have a look on table which is given billow.
2018 : 33.09
2019 : 40.8
2020 : 44.08
2021 : 44.3
2022 : 71. 6
2023 : 78. 5
If we see the peek of dirham in 2023 it has been touched to 80 rupees. According to all current fundamental analysis we can say that it is a stable currency and we can invest in it instead of saving our money into bank. Now let's move to the next stable currency.
2. Canadian Dollar :
The first declared currency in Canada is Canadian dollars. According to a research it one of the 7th reserved currency from all the world. This currency is known as for his stability and solidness. Like many other currencies, this currency is counted in high valuable currencies like dollars. The rate of exchange is badly dependent and affiliated on the rate of oil between Canada and America. When the oil's prices increases the Canadian dollar is also increased as compared to dollar. The nick name of Canadian dollar is Loonie or CAD. Now let's see the rate of exchange between Canadian dollar and Pakistani rupees. I have researched and found the rates of current 6 years, have a look on the given bellow table.
2018 : 93.70
2019 : 113.24
2020 : 120.75
2021 : 129. 97
2022 : 163.66
And the highest peek rate between Pakistani and Canadian currency in 2023 was 219.16. The current rate Canadian dollar to PKR is 210.61. Till now, this currency is stable and still there is more margin. According to current fundamental factors, it can be guess that this currency will grow in future. So you guys can also save your savings in this currency in order to get more profit.