The Situation before 2017:-
As the each year comes with its different economies and different situations, 2016 was the year in which we say a lot of economical and currencies changes in the world’s most important regions of the world like the US and the China. In 2016 we faced a lot of global growth and this year literally kicked off the economy of the world and it brought slowdown in the economy of China. The economy of China has slammed in the starting few months of the year but then it got better in the May 2016. But then the international currencies and economies took another turn with the US elections and allocation of Donald Trump as the president of US. The Trump being president of USA has an great impact on the overall world let alone currency and the economy. The US elections resulted in the Federal Reserve and the markets for the loop. The Fed initially withhold the two currencies and resulted in nourishment of two currencies and downgrading of the other one.
CHANGES IN CURRENCIES AND TRADE IN 2017:-
Now comes the 2017, there is still impact of the Trump administration of different policies on trade and issues. There is still chance of the political changes which come through elections in various European countries like Germany, France, Netherlands and Hungary. The currencies of these countries are going to take a big troll and there is going to be a lot of change in the trade market. The markets are definitely paying deep attention to the outcomes of these events
Against this worldwide background, these four monetary currencies of Germany, France, Netherlands and Hungry ought to offer potential for solid development in 2017. Worldwide instability may make a few financial specialists avoid outside monetary standards, yet astute speculators can discover strong open doors in the event that they comprehend the progression of individual nations and the worldwide scene. Obviously, a portion of this understanding will require firmly taking after how the recently chose U.S. organization handles universal exchange bargains in the coming year
Emerging Currencies in the World:-
The currency of Norway is considered the best currency in the World. According to the World Markets trading desk, the currency of Norway is the best currency all around the world. This currency is insulated from the European debt crisis and the different banking strategy of the world which is controlled by the central bank. The reason why Norway is considered an economical stable country and has stability in its currency is because of the fact the this is the only country which survived very severe financial crisis and this is all due to the low unemployment rates and maintains a positive GDP growth of over 2% in 2008. The astonishing fact is that this country is the largest energy exporter in Europe and third largest exporter of petrochemical wealth which is oil and gas after Russia and Saudi Arabia.
While coming to the coming of Russia, we are seeing the positive performance boost in the Russian rubble in this year because it has more stable and fair oil prices due to its friendly relationship with the US.
Coming to the currency of Brazil, the Brazilian currency is top performing last year and will continue to perform well under the Brazilian economy. It has risen the commodity prices and has increased the metal demand in China.
Some underdeveloped and newly developed countries are also struggling very hard to surpass China in its GDP and Population growth which can although seem very impossible and difficult but it is also very possible at the same time. . India is able to achieve the GDP of 7-8% in the previous year-2016. This is possible due to the growing middle class, which is younger and it continues to reform the highest GDP in the global economies. This is making the currency an economy of India both emerging, growing and progressing.