WHAT IS BEST FOREIGN CURRENCY INVESTMENT FOR THIS YEAR?

Although the market changes from one month to the next, you will always find some great opportunities. If you want to go long, we consider here  the Mexican peso, the Russian ruble, and the Japanese yen to be excellent opportunities. If, on the other hand, you prefer to go short-term based on your trading strategy, then we recommend looking at the Euro, the Israeli shekel, and the Chinese Hong Kong dollar.

With that said, many people are looking for a promising currency that is less mainstream. They are looking for something off the beaten path that will have a big payoff using a buy-and-hold strategy, waiting until just the right time to unload it at a profit.  In other words, they are looking to buy low when only a few people are interested and then sell high when many people are suddenly enthralled by the currency based on news reports by the financial media. 

If you’re looking for these types of alternative investments, then you may want to consider investing in the Iraqi Dinar or the Vietnamese Dong.

WHY THE IRAQI DINAR OFFERS ONE OF THE BEST CURRENCY EXCHANGE RATES

The economy of Iraq is being revived as the infrastructure is being rebuilt. Currently, the Iraqi government is focusing on a five-year reconstruction plan to reboot the economy. It’s a plan that will allow Iraq to be part of a modern economy again. This is good news for those investing in the Iraqi Dinar as an alternative investment.

WHY THE VIETNAMESE DONG OFFERS ONE OF THE BEST CURRENCY EXCHANGE RATES

This currency appears to have a good year ahead, although expert opinions differ on establishing the strength of the currency compared to the US dollar.

The are many good reasons for positive forecasts about the future of the Vietnamese dong; but, perhaps, the biggest one is that Vietnam now has a flourishing economy. In fact, Vietnam currently ranks as the 47th largest economy in the world judging by its gross domestic product  and purchasing power parity. Two primary causes for this rapid economic growth are attributed to tax reform and strong domestic consumption.

SHOULD YOU BUY CRYP CURRENCIES OR LOOK FOR A FOREIGN CURRENCY TO INVEST IN?

Newer investors are often conflicted about whether they should finance cryptocurrencies, like Bitcoin, or whether they should spend their dollars on traditional foreign currencies.

This is a tough call. Our view here at Treasury Vault is to observe caution. We don’t know if this is a bubble about to burst, an idea overhyped by the financial media that will sputter and burn out, or if it’s an emerging trend and early adopters of the newer cryptos will enjoy the same mega-success as those who purchased Bitcoin around 2009.

All we can say is that although the future of cryptocurrencies looks promising, it’s also uncertain. Consequently, the market is highly volatile. So, while it’s fine to make small bets, it would be better to build your investment portfolio on well-established foreign currencies.