The value of the euro in the currency market over the next few days will largely be determined by global trading of this currency. Experts predict that there will be no significant changes in exchange rates next week: the “managed flexibility” regime allows for the avoidance of sharp currency fluctuations.
This is reported by Finway
However, the situation in the market remains dynamic, and exchange rates can change daily. Taras Lesovyi, Director of the Financial Markets and Investment Activities Department at Globus Bank, noted that there are currently no threats of sharp currency changes.
“Regarding the exchange rate of the euro to the dollar, there will be no surprises here either: as last week, the main fluctuations of these currencies will occur within the corridors of 41.4-41.8 UAH/USD and 45.5-47 UAH/EUR. Thus, the difference between these two currencies is likely to remain within 6 hryvnias,” said the expert.
Lesovyi also emphasized that the euro exchange rate in the market will depend on global trading, while the dollar exchange rate will respond more to the actions of the regulator, which will help maintain a balance between supply and demand.
Currency Market Forecast from May 19 to May 25
According to Lesovyi’s forecasts, the main indicators of the currency market for the specified period will look as follows:
- Currency fluctuation corridors: 41.4-41.8 UAH/USD and 45.5-47 UAH/EUR (on the interbank market) and 41.4-41.8 UAH/USD and 45.5-47 UAH/EUR (on the cash market);
- Daily exchange rate changes: on the interbank market – up to 0.05-0.15 UAH, in banks – up to 0.1-0.2 UAH, at exchange offices – up to 0.3 UAH;
- Average difference between interbank and cash market rates: 0 UAH;
- Weekly exchange rate deviations are expected to be within 1-1.5% of the initial Monday rate.
“Despite the strong pressure from external and wartime circumstances, such as the search for mechanisms to achieve peace and end the active phase of the war, the situation in the market, according to the expert, will be primarily determined by economic factors. Therefore, one can expect relative stability and predictability of exchange rate changes. The market has reliable protection against negative phenomena,” the banker concluded.