Forecast for the Euro and Dollar Exchange Rates in Ukraine: What to Expect in the Coming Days

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Forecast for the Euro and Dollar Exchange Rates in Ukraine: What to Expect in the Coming Days

Financial experts have shared their forecasts for the currency market in Ukraine for the coming days. According to analysts, the dollar exchange rate in domestic banks will remain in the range of 41.20-42.60 hryvnias per dollar until June 27, while in exchange offices it will be within 41.40-42.50 hryvnias.

This is reported by Finway

Euro Exchange Rate: Trends in the Currency Market

At the same time, the euro exchange rate in banks is projected to be between 47.35 and 49 hryvnias, while in exchange offices it will range from 47.50 to 48.95 hryvnias. Experts note that most exchange points of financial companies and banks will operate this week with a spread of 20 to 30 kopecks per dollar, as well as within 20-50 kopecks per euro. Wholesale exchange offices will maintain a spread of 20-30 kopecks for both currencies throughout the week.

“Most exchange offices of financial companies and banks will operate this week with a spread of 20 to 30 kopecks per dollar, and 20 to 50 kopecks per euro. Wholesale exchange offices will continue to operate every day of the week with a spread of 20-30 kopecks for both currencies”.

In the event of increased volatility in the euro/dollar currency pair on international markets, exchange office owners may quickly widen the buy-sell spread for euros to 70 kopecks – 1 hryvnia. At the same time, the National Bank of Ukraine will continue to smooth out fluctuations in the dollar exchange rate by selling American currency on the interbank market.

Forecast for the Interbank and Cash Markets

On the interbank market, the quotations for cashless dollars may fluctuate within the range of 41.60-42.25 hryvnias. Taking into account the recalculation of the euro/dollar and dollar/hryvnia pairs, the euro exchange rate on the interbank market is likely to be in the range of 47.54-48.93 hryvnias.

Taras Lesovyi, the director of the financial markets and investment activities department at Globus Bank, predicts that changes in exchange rates will be minimal, and the difference between buying and selling rates will remain minimal. According to his estimates, on the interbank market, rates are expected to be at 41.5-41.9 UAH/USD and 45.5-47.5 UAH/EUR, while in the cash market – 41.45-41.8 UAH/USD and 45.5-47.5 UAH/EUR.