In the currency market of Ukraine, relative stability of the national currency against the US dollar is expected next week. Experts note that even with increased demand, significant changes in the exchange rate are not anticipated.
This is reported by Finway
Expectations for the Dollar Exchange Rate
According to Taras Lesovyi, director of the financial markets and investment activities department at Globus Bank, fluctuations in the dollar exchange rate will remain minimal. The National Bank of Ukraine continues to apply a managed flexibility regime, intervening in the situation through currency interventions, which helps maintain stability.
The difference between the interbank and cash exchange rates will remain minimal. It is estimated that by August 1, the official dollar exchange rate will fluctuate within 41.8–42.1 UAH per dollar. For comparison, at the beginning of the year, this figure was 42.02 UAH/dollar.
Forecasts for the Euro Exchange Rate
The euro exchange rate in Ukraine, according to experts, will be less predictable due to the influence of global factors. The dynamics of the dollar/euro pair in global markets, as well as the internal ratio of the hryvnia to the dollar, will determine the behavior of the euro. It is predicted that the euro exchange rate will fluctuate within 48.5–49.7 UAH, provided that the euro to dollar ratio remains in the range of 1.1–1.17.
“The situation in the currency market next week will generally correspond to the trends of July: increased demand will be restrained, the dollar will remain stable, and fluctuations in the euro will be determined by external factors.”
Overall, experts advise expecting the main trends of July to persist: the dollar will remain stable, while the euro will be influenced by external markets.