January 30, 2025
Remission on the foreign exchange market: an expert told what to expect from the dollar in February thumbnail
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Remission on the foreign exchange market: an expert told what to expect from the dollar in February

The official course next week will fluctuate in the corridor of 42-42.3 UAH/USD.”, – WRITE: www.unian.ua

The official course next week will fluctuate in the corridor of 42-42.3 UAH/USD.

The expert assured that the regulator will monitor all available risks by preventing uncontrolled course changes / Photo ReutersThe expert assured that the regulator will monitor all available risks by preventing uncontrolled course changes / Photo ReutersThe next week, the situation in the foreign exchange market will be in a state of remission: total exchange rate fluctuations will resemble the events of the current week, and the official course will fluctuate in the hallway of 42-42.3 UAH/USD.

Such a forecast in a comment by UNIAN was voiced by the Head of the Treasury Department “Globus Bank” Taras Lesovy.

According to him, the regulator will monitor all available risks, preventing uncontrolled course changes.

“Therefore, we can assume that current currency changes will be within the usual limits, and the difference between the exchange rate and cash market will be at the level of 0.4-0.5 UAH. However, this is not the limit: we assume that the difference between courses will continue to decline ( The landmark of 30 cents).

He also noted that the National Bank’s strategy for inflation is important for optimistic forecasts: an increase in the discount rate that happened in December and January, should somewhat strengthen the national currency, quench prices and decrease the demand for currency.

Powerful international financial infusions and sufficient international reserves are also important for the relative “rest” in the foreign exchange market. That is, the regulator has the ability to feel free and effectively respond to potential threats.

“Of course, all the factors that can affect the market are extremely difficult. However, basic factors are quite favorable for a certain exchange rate stability. As before, the leading role in the foreign exchange market will remain on the interbank market: it is on the basis of non -cash rates that will form exchange rates and exchange rates and Combans, current exchange rate changes, as well as the difference between purchases / sale courses will be minimal, “Lesovy said.

According to his forecast, the main indicators of the foreign exchange market from February 3 to 9 will be as follows:

  • Currency changes: 42-42.3 UAH/USD and 43.5-45 UAH/euro (on the interbank) and 42,4-42,8 UAH/USD. and 45-47.5 UAH/euro (on the cash market);
  • daily exchange rate changes: on the interbank bank – up to 0.05-0.15 UAH, in banks – up to UAH 0.1-0.2, in exchange points – up to 0.3 UAH;
  • The average difference between the interbank and cash market: depending on the currency up to UAH 0.3-0.5;
  • Weekly course deviations are expected within 1-1.5% of the initial Monday course.

“We assume that during February 3-9, the overall situation in the foreign exchange market will correspond to the essence of the regime of” managed flexibility “: so any stunning changes are almost excluded. The rates will be mobile, will change daily, both in the direction of growth and in the direction of decrease, However, respect, not a jump, “Lesovy summarized.

The exchange rate in Ukraine is the latest newsOn January 30, the dollar at PrivatBank decreased by 15 cents and amounts to UAH 42.15 per dollar. The euro, in turn, lowered at once by 25 cents and amounts to 44.20 UAH per euro.

According to The Economist rating for January 2025, running Poppy costs 120 UAH in Ukraine, and $ 5.79 in the US. Thus, the estimated exchange rate is 20.73 UAH per dollar. The difference between this and the actual exchange rate, which is now about 42 hryvnias, says that the Ukrainian currency is undervalued by 50.7%.

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