When is the best time to buy USD, GBP, CHF with EUR ?

When is the best time during the year to buy USD with EUR, GBP with EUR, CHF with EUR ? When are the best currency exchange rates ?

Exchange rates of currencies are impacted by the demand for each currency.

Demand for a currency is influenced mainly by economic performance and economic interaction of countries.

Economies are also impacted by global factors, like geopolitics and economic cycle.

Because of these reasons, the best time to buy the specific currency may vary. For exmple, currently it is a good time to buy USD with EUR, because USD is weakening during this year.

But even so, there might be periods that have at least some impact on exchange rates. For example, the period before summer holidays, summer holidays, the period before Christmas, Christmas and the period after Christmas.

They say, currency markets are highly complex, so because of that they are often quite unpredictable.

But there are so called golden hours, which are generally considered as the best time during a day to trade a particular currency pair.

In case of EUR/USD the golden hours are between 1pm and 3pm GMT.