The currency market in Ukraine is entering one of the most important periods of the year, when the activity of participants and the demand for foreign currency may significantly increase. Experts note that in the coming days and weeks, there may be a strengthening demand for the US dollar, which could affect currency fluctuations.
This is reported by Finway
Forecast for the Dollar and Euro Exchange Rate Until the End of October
According to Taras Lesovyi, the director of the financial markets and investment activities department at Globus Bank, the fundamental factors in the currency market remain controlled at the moment, although there are several variables that influence the situation. The specialist believes that by the end of October, the dollar exchange rate in the interbank market will be within 41.6-42 hryvnias per dollar, while in the cash market it will be 41.5-42 hryvnias per dollar.
Thus, 100 US dollars will be valued at 4150–4200 hryvnias by November 2, and 1000 dollars will cost 41500–42000 hryvnias respectively. Analysts also predict that by the end of October, the euro exchange rate in the interbank market will be 48-49 hryvnias per euro, and in the cash market — 48-49.5 hryvnias per euro. Accordingly, 100 euros in Ukraine will cost 4800–4950 hryvnias, and 1000 euros will be 48000–49500 hryvnias.
Key Factors Influencing the Currency Market
The head of the financial markets and investment activities department at Globus Bank emphasized that numerous factors will influence the currency market in October. Among them are seasonal increases in business activity, the needs of importers, and government payments. According to the updated forecast from the banker, fluctuations in the dollar exchange rate are expected to be within 41.2–42.2 hryvnias, while for the euro — 47.5–49.5 hryvnias.
“The dollar exchange rate in Ukraine will be within 41.6-42 hryvnias per dollar in the interbank market and 41.5-42 hryvnias per dollar in the cash market”.
Experts also emphasize that the further development of the situation in the currency market will depend on external economic factors, the volume of currency inflows, and internal economic dynamics.