Currency exchange point owners plan to gain additional profit by taking advantage of the active seasonal sales period. According to forecasts, the cash exchange rate for the dollar at most exchange offices over the weekend will remain within the following range: buying – from 41.95 to 42.25 hryvnias per dollar, selling – from 42.35 to 42.60 hryvnias per dollar.
This is reported by Finway
Dynamics of the Euro and Dollar Exchange Rates on the Interbank Market
Financial analyst Oleksiy Kozyrev notes that the cash euro will be in the range of: buying – from 48.60 to 49.00 hryvnias, selling – from 49.20 to 49.50 hryvnias. According to him, from November 17 to 21, the selling rate of the US dollar on the interbank market increased by almost 23.5 kopecks, and on the evening of November 21, cash dollars were sold at exchange offices for 42.40–42.60 hryvnias. At the same time, the selling rate of the euro in trading decreased by about 15 kopecks – from 48.793/48.811 to 48.6435/48.6654 hryvnias.
“This is a situational reaction of our market to a slight drop of the euro against the dollar on global platforms on Friday evening. Meanwhile, cash euros were sold at exchange offices on the evening of November 21 for 49.20 – 49.50 hryvnias. This indicates that despite the situational drop in the interbank market, financiers do not want to take on additional risks regarding the euro currency and therefore do not significantly lower the prices at exchange offices,” the expert explained.
Exchange Office Strategies During Sales
According to Oleksiy Kozyrev, under current conditions, owners of large exchange networks will not change their “turnover” strategy over the weekend. However, to stimulate currency circulation, they will narrow the spread between buying and selling the dollar and euro to 15–20 kopecks.
Additionally, the analyst notes that exchange office owners are trying to capitalize on the peak sales season to increase profits. Especially in busy shopping centers and large stores, financiers may lower the exchange rate for currency received from citizens. They expect that buyers, preoccupied with sales, will not pay much attention to comparing exchange rates.