Over the weekend, the dollar exchange rate in Ukrainian exchange offices decreased. As of the evening of Monday, August 4, the average dollar rate at exchange points was 41.12 hryvnias for buying and 41.72 hryvnias for selling. This is 6 kopecks less for buying and 4 kopecks less for selling compared to the evening of Friday, August 1.
This is reported by Finway
Banks Forecast an Increase in the Dollar Rate at Exchange Offices
At the same time, representatives of the banking sector expect that during the current week, from August 4 to August 10, the dollar rate at exchange points may rise for both buying and selling. Taras Lesovyy, the director of the financial markets and investment activities department at Globus Bank, predicted that the currency value would be within the range of 41.6–42.2 hryvnias.
- The difference between the buying and selling rates, according to him, will be 0.6–1 hryvnia.
- The difference between the buying rates will be 0.3–0.5 hryvnias.
- The difference between the selling rates will be 0.3–0.5 hryvnias.
Reasons for Currency Market Stability
The specialist noted that despite the growing demand for dollars, no significant changes in the currency market are expected. The National Bank of Ukraine continues to support a managed flexibility regime, which allows for currency interventions and meets the demand for currency.
“The balance between sellers and buyers reduces the risk of rate increases,” the banker explained the current situation in the market.
Lesovyy added that the dollar exchange rates may periodically rise or fall. However, such fluctuations do not affect the overall stability of the rate and do not provoke panic behavior in the currency exchange market.