Top 8 Most Expensive Currencies in the World - 2024 Ranking
The size of inflation and interest rates, the scale of unemployment, GDP, fluctuations in stock prices, political tensions, changes in government, social unrest, or the type of foreign policy being pursued. All these elements affect the quotes of the currencies of individual countries and the determination of which of them are the strongest.
Previously, the strongest currency in the world was set by the ratio to gold. Under the terms of the Bretton Woods Conference, only the dollar was...
Global and local trends in the fintech sector
The first half of 2024 turned out to be challenging for the financial technology (fintech) market around the world due to fears of geopolitical instability and high interest rates.
Total global investment fell from $62.3 billion to $51.9 billion between the second half of 2023 and the first half of 2024, the largest decline in four years.
All regions experienced a marked decline in fintech investment, but the EMEA (Europe, Middle East and Africa) region was the hardest hit, with investment...
10 countries with the largest gold reserves.
At the end of 2023, central banks around the world purchased 1037 tons of gold, the second highest annual purchase volume in history after a record high of 1082 tons in 2022.An increasingly complex geopolitical and financial environment is driving demand for gold more actively than ever. According to a survey by the World Gold Council (WGS), about a third of central bank respondents (29%) intend to increase their gold reserves over the next year, the highest level since such surveys began in...
How to budget properly
Saving money can be a straightforward process if you approach it with some planning and discipline. Here are some effective strategies:
1. Create a BudgetTrack your income and expenses to see where your money goes.Set spending limits for different categories (e.g., groceries, entertainment).2. Set Savings GoalsIdentify short-term and long-term goals (e.g., emergency fund, vacation, retirement).Make your goals specific and measurable.3. Automate SavingsSet up automatic transfers to your...
Discount trap: how not to fall for the marketing tricks of car dealerships
Today's auto market is full of enticing offers promising significant discounts and additional benefits, such as psychology training to improve customer service skills. Numerous car dealerships attract the attention of customers with high-profile promotions and advertising campaigns, convincing that now is the most profitable time to buy. However, flashy banners and persuasive words often hide tricks aimed at increasing sales. It is important to understand that not all discounts really benefit...
Relationship with money
Relationships with money are one of the areas of life that is strongly charged with projections. We place our hopes, fears, ideas about ourselves and the world in this area. When a client comes to a psychotherapist with a request to fix something in the field of finances, it often turns out that the problem with money is a symptom. It points to a deeper personal or systemic dynamic for which a person unconsciously tries to find a solution through money.
The study of desires and fears that...
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