Forecast for the Hryvnia Exchange Rate: The Currency Market Will Remain Stable in November 2025

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Forecast for the Hryvnia Exchange Rate: The Currency Market Will Remain Stable in November 2025

According to financial experts, no significant changes or sharp fluctuations are expected in the Ukrainian currency market in the coming days. The hryvnia is anticipated to remain relatively stable, with any changes in the exchange rate being moderate.

This is reported by Finway

NBU Activity and Seasonal Demand

Hanna Zolotko, head of the treasury operations department at Unex Bank, notes that the National Bank is actively intervening in the situation on the interbank market by selling currency to smooth out fluctuations. This policy helps maintain calm in the market and minimizes pressure on the hryvnia exchange rate.

“The regulator actively supports the supply of currency by selling it on the interbank market to smooth out sharp fluctuations. This alleviates pressure on the exchange rate and creates conditions for calmer trading.”

Moreover, according to her, seasonal factors remain characteristic: demand from large payers is gradually increasing, allowing the market to operate in a controlled manner.

Possible Risks and Currency Forecasts

Hanna Zolotko believes that in the absence of sharp external influences, small and controlled fluctuations in the currency should be expected in the coming days. She emphasized that sharp changes in the market could only occur if unforeseen events arise, such as delays in international aid, disruptions in energy supply, or an escalation of the geopolitical situation. Otherwise, relative stability will be maintained in the currency market.

Financial analyst Andriy Shevchishin shares the view on market stability. He predicts that the dollar exchange rate on the interbank market will range between 41.90-42.15 UAH per dollar, while in cash it will be within 42.10-42.30 UAH. Meanwhile, according to his forecast, the target exchange rate on the interbank market will remain within 42.5-42.95 UAH per dollar. If the National Bank reduces its presence in the market, a more active increase in the dollar exchange rate may occur. As for the euro, its exchange rate in the cash segment may decrease slightly or enter a “sideways” state – that is, stop significant movements and remain within a relatively narrow price corridor.