In this paper, a magnetization vector dynamics of a spin-valve free layer with the planar anisotropy based on various materials was simulated. Two dynamics types were identified, being of practical interest for MRAM (switching) and STNO (stable precession). The range of current and field values, corresponding to these spin-valve operation modes, were obtained. The numerical calculations of the switching time shown that Co80Gd20 is the best material for a spin valve as a part of MRAM. As a result of calculating the precession frequency, it was concluded that the most suitable for fabrication of STNO ferromagnetic layers is the alloy Fe60Co20B20.