The exchange rate in Ukraine remains relatively stable. In today’s turbulent conditions, many Ukrainians are looking for ways to preserve and increase their savings. Experts have provided recommendations for buying and selling dollars at this time.
This is reported by Finway
Andriy Shevchishin, a member of the Ukrainian Society of Financial Analysts, noted in a comment that he advises keeping part of free funds in cash currency rather than in deposits. He believes that currently, buying dollars is advantageous due to the favorable exchange rate.
At the same time, the analyst pointed out that the euro may depreciate further, making the European currency unsuitable for investment at this time.
Investment Recommendations
The head of the Secretariat of the Council of Entrepreneurs under the Cabinet of Ministers, economist Andriy Zablovsky, suggests keeping one-third of savings in hryvnia government bonds and deposits, another third in foreign currency government bonds and deposits, and the remaining portion in cash currency.
Oleg Pendzin, an expert from the Economic Discussion Club, advises taking advantage of government bonds that expire in 2025, as well as deposits with terms of up to 100 days. He notes:
“Even if the dollar rises to 43-45 hryvnias by the end of the year, the yield on hryvnia instruments will be greater than the profit gained from the dollar’s increase by 1.5-2.5 hryvnias. In numbers, this is a maximum of 6% per annum for the dollar, twice as much as for deposits and almost three times as much for government bonds, but if you have cash currency on hand, keep it in a safe place.”
Regarding the sale of currency, all experts do not recommend taking this step without extreme necessity.