“The dollar will gradually become more expensive, the analyst noted.”, — write: www.unian.ua
The dollar will gradually become more expensive, the analyst noted.
On September 20, the NBU set the official exchange rate of the dollar to the hryvnia at the level of UAH 41.44/dollar. / photo UNIANThe dollar exchange rate in Ukraine on the cash market will approach the corridor levels of 42-43 hryvnias/dollar by the end of the year, predicts analyst Oleksiy Kozyrev.“In this case, the international strengthening of the position of the American currency in combination with the devaluation of the hryvnia in Ukraine will follow the same trend for Ukrainians. That is, the dollar will gradually become more expensive. In 2025, the trend of strengthening the dollar in foreign markets will begin to expire, and in Ukraine the rate of the American currency will remain hostage to the behavior of the National Bank on the market,” the expert noted.
Regarding the euro exchange rate in Ukraine, the situation will become even more difficult, Kozyrev added.
“The euro exchange rate will be simultaneously influenced by both the international weakening of the euro against the dollar and the increase in the dollar exchange rate against the hryvnia. Therefore, under the base scenario, the interbank dollar exchange rate will rise to 41.70-42.10 hryvnias by the end of 2024 and the ratio of the euro/ dollar in the range of 1.06-1.09 dollars, the exchange rate of the cashless euro will be within the corridor from 44.20 to 45.89 hryvnias Euro by the end of the year will then approach the corridor levels of 44.52-46.87 hryvnias,” the analyst is confident.
In 2025, the exchange rate of the euro in Ukraine will depend entirely on the same factors – the exchange rate of the euro against the dollar on external platforms and on the dynamics of the exchange rate of the dollar against the hryvnia in our market, Kozyrev believes.
“In this case, the recalculation of the current ratio of the euro/dollar pair and the current exchange rate of the dollar relative to the hryvnia will form the exchange rate of the euro relative to the hryvnia,” the expert noted.
At the interbank, according to the analyst’s forecast, judging by the latest statements regarding the budget for 2025 and the actions of the regulator in September, by the end of 2024, Ukrainians can expect a smooth devaluation of the hryvnia to levels of around 41.70-42.10 UAH/dollar.
Dollar exchange rate in Ukraine on September 20As a reminder, the National Bank of Ukraine set the official exchange rate of the dollar to the hryvnia at 41.44 hryvnia/dollar on Friday, September 20, thus the hryvnia strengthened by 1 kopeck.
And the official exchange rate of the NBU for the euro was set at 46.24 hryvnias/euro, i.e. the hryvnia decreased by 13 kopecks.
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