The currency market in Ukraine on Saturday, November 29, is showing a stable situation, which, according to experts, is largely related to reaching new agreements with the International Monetary Fund. This has become a key positive news for the country’s economy.
This is reported by Finway
Dollar and Euro Rates: Predictions from Financial Analysts
According to analyst Oleksiy Kozyrev, the dollar in most exchange offices in Ukraine is trading within the range of 41.90-42.15 hryvnias for buying and 42.40-42.65 hryvnias for selling. As for the euro, it is expected that the buying rate will be 48.70-49.05 hryvnias, while the selling rate will range from 49.10 to 49.50 hryvnias.
Impact of Seasonal Factors and Actions of Exchange Offices
The specialist notes that during the seasonal sales period, exchange office owners will need to increase the volume of cash hryvnias. This is necessary to ensure sufficient resources for purchasing currency that citizens will exchange during the activation of product sales. Such a step will help retain customers and not yield to competitors.
“Exchange office owners will not make significant adjustments to their price lists due to this factor, but will work with slightly lowered rates for accepting currency from citizens, provided that the selling rates for currency to the population remain at the average market level. This will widen the spread between the buying and selling rates for both the dollar and the euro to levels of 20-40 kopecks,” the expert concluded.
Thus, experts estimate that the difference between the buying and selling rates (spread) for the dollar and euro is expected to widen to 20-40 kopecks. Meanwhile, the selling rates will remain at the level of average market indicators.