The National Bank of Ukraine (NBU) has announced the official exchange rates for May 13, revealing a slight increase in the value of the dollar against the hryvnia, while the euro has experienced a decrease.
As of this morning, the dollar is valued at 43.97 UAH, marking a rise of two kopecks since the previous day. Conversely, the euro has dropped by eight kopecks to 51.64 UAH.
For context, the exchange rates on May 12 were as follows:
- Dollar – 43.95 UAH
- Euro – 51.72 UAH
Investment expert Taras Kozak, the founder and president of the UNIVER investment group, commented that under certain conditions, the dollar could potentially exceed 45 UAH by the end of the year. He noted that this scenario might be part of a ‘managed flexibility’ policy aimed at countering speculative expectations.
Kozak identified key risks affecting the currency market, including the ongoing conflict and the status of international financial assistance. He emphasized that Ukraine has already secured approval for a substantial support package from the European Union. Continued funding is contingent upon the country meeting the conditions set by its international partners.
However, any delays in fulfilling these obligations could negatively impact currency reserves and the hryvnia’s exchange rate. Despite these challenges, experts do not anticipate a drastic increase in the dollar’s value in the near term, as the NBU continues to monitor and manage the situation in the currency market.
The NBU has set the dollar at 43.97 UAH and the euro at 51.64 UAH for May 13. Expert insights suggest the dollar may rise above 45 UAH by year-end, depending on various economic factors.