In Ukrainian banks next week, from August 11 to 17, a noticeable fluctuation in the cash dollar exchange rate is expected. Analysts predict that the value of the American currency will fluctuate between 41.65 and 42.2 hryvnias per dollar. As of the evening of August 8, the average buying rate was 41.25 UAH, while the selling rate was 41.7 UAH, which may indicate a potential increase in the exchange rate in the coming days.
This is reported by Finway
Dynamics of the Currency Market and Its Impact on Exchange Offices
Similar trends are observed in the exchange office market. Taras Lesovyi, the director of the financial markets and investment activities department at Globus Bank, notes that in exchange offices, the dollar exchange rate will also remain within the range of 41.65 to 42.2 UAH. In the evening of August 8, the average rates in this segment of the market were 41.01 UAH for buying and 41.56 UAH for selling.
According to the expert, overall exchange rate fluctuations in the currency market will not exceed 1–1.5% per week. The difference between buying and selling rates in banks will remain at 0.5–0.6 UAH, while in exchange offices it may reach 0.6–1 UAH.
“The currency market will operate under summer rules without significant innovations: it is quite possible that the current exchange rate changes will resemble those of the previous weeks. The market remains quite stable,” explained the banker regarding the current situation in the market.
Key Factors Influencing the Dollar Exchange Rate
Lesovyi emphasizes that the future dollar exchange rate will be determined by both the actions of the regulator and the overall market conditions. It is also possible that in the near future, the supply of currency in the market may increase, especially ahead of the harvest season when agricultural holdings actively sell their currency surpluses. This will help reduce discrepancies between supply and demand, which may ensure balance in the market.
Thus, it is expected that throughout August, the currency market in Ukraine will remain stable, and changes in the dollar exchange rate will not be sharp or unpredictable.