The currency market in Ukraine remains relatively stable, and the National Bank continues to support the hryvnia at a comfortable level. As a result, Ukrainians are interested in which investment strategies are the most profitable today and whether they should buy or sell dollars.
This is reported by Finway
Hryvnia and Government Bonds as Attractive Instruments
According to Oleg Pendzin, an expert from the Economic Discussion Club, the hryvnia currently remains the most profitable and convenient financial instrument for investments. He predicts that this trend will continue at least until autumn, and likely until the end of the current year. The specialist recommends that Ukrainians consider selling part of their foreign currency cash and investing in domestic government bonds (OVDP).
Diversification and Currency Reserves
At the same time, financial analyst Andriy Shevchishin advises against investing in only one asset and recommends keeping savings in several currencies. According to him, it is wise to have a certain amount of cash currency for unforeseen situations, as well as to remember the strategy of long-term investments in currency.
“And the rule of ‘playing the long game,’ that is, investing in currency on the principle of ‘buy and forget,’ has not been canceled. Therefore, buying dollars remains relevant,” the analyst stated.
The head of the Secretariat of the Council of Entrepreneurs under the Cabinet of Ministers, economist Andriy Zablovsky, on the other hand, does not advise selling dollars. In his opinion, on the contrary, it is worth buying more American currency now while its exchange rate is relatively low.
Regarding the euro, experts advise against purchasing it if the currency will not be used for transactions in the near future, as the euro’s exchange rate remains high at the moment.