Toronto, ON – January 23, 2020 – Today, Knightsbridge Foreign Exchange, a Canadian leading provider of currency exchange, announced the major currencies that will possibly be the strongest in 2020.
After careful analysis, the Toronto-based foreign exchange company presented the biggest gainers in currency this year. The US dollar (USD), British pound (GBP), Euro (EUR), Japanese yen (JPY), Canadian dollar (CAD), and the Australian dollar (AUD) are likely to be the winners.
USD. The US dollar remains the one to beat, benefiting from its rate advantage and staying on a solid footing.
GBP. Strong economic growth can determine the British pound to see a further recovery in 2020 after its bumpy 2019.
EUR. As the eurozone presents signs of stabilization, the Euro is holding strong.
JPY. Thanks to Japan’s large current account surplus, the Japanese yen is a safe haven currency, well-protected when storms hit the global economy.
CAD. After being the best-performing major currency in 2019, the Canadian dollar is still on the winners’ list. Last year, the loonie notched a 5% gain against the greenback despite the fact that foreign-exchange volatility sink was at a record low. In 2020, while not as epic as in the previous year, the CAD remains among the strongest.
AUD. The Australian dollar is expected to strengthen, as the country’s international trade looks set to improve.
Knightsbridge Foreign Exchange offers Canadians an alternative when converting their Canadian dollars into any currency, especially those that are predicted to fly this year. The company has significantly smaller fees than banks, so those who exchange money for travel or study in the US, UK, EU, Japan, Australia, or anywhere else in the world, could seek to save hundreds even thousands of dollars by choosing KnightsbridgeFX.
About Knightsbridge Foreign Exchange
Knightsbridge Foreign Exchange is headquartered in Toronto, ON, Canada and serves customers around the country with low, bank-beating rates. We’re ranked #107 by Canada’s Fastest-Growing Companies – Growth 500 program and received an A+ rating from the Better Business Bureau. Considered one of the most trusted names in the foreign exchange, we, at KnightsbridgeFX, have processed over $2 billion on behalf of our customers. Our focus is to continue to grow, thrive, and help our clients save money on currency exchange. Visit KnightsbridgeFX.com to learn more.
Company Name: Knightsbridge Foreign Exchange
Contact Person: Media Manager
Email: Send Email
Phone: +1 416-479-0834
Address:100 King St W #5700
State: Ontario M5X 1C7