Why is RMB the best safe haven currency?

Currencies do not have a hedging function, let alone the renminbi, which has a hedging function, and some bonds, the yen has some safe-haven properties, and it is not a safe-haven currency.

After the epidemic, all parts of the country quickly resumed work and production. China's economy has recovered very quickly. Not only did exports and investment achieve positive growth, but national consumption also recorded positive growth in August 2020.

China's economy is improving across the board and will become the fastest-growing country in the world in 2020. In the same countries, such as the United States, Europe, India, and Brazil, the economy is in a recession, and the economic data is also bad. In view of this, a large amount of global capital has flowed to China to escape the epidemic.

Because you have money, you don't have to worry about anything.

The interest rate of RMB is very high, the long-term holding cost is large, and the exchange rate fluctuation with other currencies is also very large, so it does not have the standard of a safe-haven currency.

The biggest characteristic of safe-haven currencies is that they are not susceptible to political, war, market fluctuations and other factors, and avoid the above risks to the greatest extent. A currency that is relatively stable and not easy to depreciate.

Safe-haven currencies avoid the risk of depreciation to the greatest extent, which does not mean that they will never depreciate. The market** of any currency will fluctuate.

Currencies that are not affected by politics, wars, market fluctuations are safe-haven currencies such as the US dollar, Japanese yen, Swiss franc, etc.

Safe haven currency, also known as hedging currency, refers to a currency that is not susceptible to factors such as politics, war, and market fluctuations, and avoids the above risks to the greatest extent. Swiss francs, US dollars and Japanese yen.

Safe-haven currencies are simply currencies that can avoid risks, ** are actually good safe-haven currencies, but when it comes to safe-haven currencies in foreign exchange, they are the Swiss franc, the US dollar and the Japanese yen.

In the event of a financial crisis, money must be less and less valuable, how to keep the value of the money in your hands has become a big problem for people during the financial crisis. Many people will choose to invest, their own money for items that can maintain value, and some people will buy ** when the financial crisis breaks out, because the ability to retain value is relatively strong, and then exchange ** for money after the financial crisis, ** is equivalent to a risk-averse investment, we can understand ** as a safe-haven currency.