USD, Rial., etc. It is hard to predict what exactly will happen to the currency exchange rate in the near future. Within the next 5-10 years, political powers will change and economic stability will be even more fragile than now. As was mentioned in our other blog about what factors affect currency exchange, political and economic powers will be the main focus of this article because of the situation that is currently happening. Therefore, here are several easy questions to answer.

What will happen to the US dollar in 5-10 years?

Despite all the negative comments coming from the media and the general public about the election of Donald Trump as the President of the US, and rumors of it being a plan set out by the Russians, the US economy is, in fact, very much likely to grow in the near future. This is due to several reasons. First, Donald Trump only cares about the interests of his own country and will go to any length to support it. NAFTA and the Trans-Pacific Partnership (TPP) are perfect examples of that.

However, the President must know that secluding himself from the rest of the world will bring him many risks. Therefore, these actions may ultimately backfire and tend the dollar weaker rather than the opposite. However, as the current situation shows, the Euro has weakened to nearly the same level as the dollar, or rather, the dollar became almost as strong as the Euro. The European Union is still attempting to recover from the recent Economic turmoil and has a lot of catching up to do in terms of economic power. This is all, however, all good news for the Iranian Rial.

What will happen to the Iranian Rial?

US Sanctions on Iranian exports and imports were recently reconsidered by Donald Trump. They will most likely be lifted which means that more trade will be flowing in and out of the country. This will boost the Iranian economy and make the Rial stronger as ever. Therefore, if you are expecting to change your currency to Rials, do it now; within the next 10 to 20 years you will see the magic happen!

Of course, as Vancouver’s best currency exchange booth, we can help you with your transactions. We have the best rates and friendly unmatched service that will make you partner with us more. So be sure to contact us if you have any questions and we will be glad to answer them.