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What is a safe-haven currency

Before the RMB officially joined the SDR, the ForexRapidRebate has numerous remarks about the RMB, including remarks that the reserve Forex Rapid Rebate cashback forex not equal to the safe-haven currency, the RMB joined the SDR to become a reserve currency, but the distance to become a safe-haven currency will still have a long way to go So what is a safe-haven currency, next, I will give you a specific introduction to what is a safe-haven currency safe-haven currency is also called a value-protected currency. It is not easy to be affected by politics, war, market fluctuations rebateforexfee other factors, the maximum to avoid the above risks are more stable, not easy to depreciate the currency hedge currency is in the maximum to avoid the risk of devaluation, does not mean that absolutely will not depreciate the market price of any currency will have fluctuations Currently, the market is recognized by the traditional hedge currency is mainly the rebateforexbroker rebateforex sometimes, others such as the U.S. dollar also often act as a hedge currency Switzerland Switzerland is still a permanently neutral country internationally and has an extremely strict banking secrecy system, with the Swiss National Bank setting monetary policy independently. In order to hedge the risk, investors are also happy to hold the currency of countries with current account surpluses, so Switzerland has a large current account surplus often incentivizes the market to buy the Swiss franc, thus driving the Swiss franc upward. Is a solid and popular international settlement and foreign exchange transactions currency Swiss franc cash bills in denominations of 10, 20, 50, 100, 500, 1000 francs, minted coins of 1, 2, 5 francs and 1, 2, 5, 10, 20, 50 cents, etc. In the field of investment, gold and oil are also considered to be cash avoidance tools, but they do not belong to the currency Because of the close economic ties between Switzerland and Europe, the Swiss franc and The exchange rate of the euro shows a great positive correlation that the rise of the euro will also drive the rise of the Swiss franc The relationship between the two is the closest among all currencies When the foreign exchange market investors begin to increase risk aversion, the Swiss franc and the euro will rise at the same time The main characteristics of the banknotes are the following: Currency name: Swiss franc Issuing institution: Swiss National Bank Currency symbol: chf Coin entry: 1 Swiss franc = 100 raw ding banknote denominations: banknote denominations of 10, 20, 50, 100, 500, 1000 francs, minted 1, 2, 5 francs and 1, 2, 5, 10, 20, 50 cents and other safe-haven currency, will be more popular in the market risk aversion, when the exchange market stability will make the Swiss franc as a safe-haven currency to decline the charm of the Swiss central bank governor Ross. The shift toward a more flexible exchange rate mechanism and the trend toward globalization of financial markets has reduced the risk of a currency crisis but the increased stability of the currency market will also make the Swiss franc less attractive as a safe-haven currency Bank of America analyst Bob: The high level of market sophistication and the ability to hedge risk through different investment options has reduced the markets demand for safe-haven assets and currencies As the yuan is currently influenced by the dollar As any major event in the U.S. affects the trend of the dollar will indirectly affect the trend of the yuan, therefore, at present, the yuan is not fully equipped to become a safe-haven currency to become a safe-haven currency, the yuan does have a long way to go

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