November 25, 2024
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Should we expect a rise in the dollar exchange rate in December: a banker’s forecast

The overall increase in the dollar exchange rate in December may range from 0.2% to 0.8%.”, — write: www.unian.ua

The overall increase in the dollar exchange rate in December may range from 0.2% to 0.8%.

According to the banker, the situation in the first month of winter will not fundamentally differ from the autumn / UNIAN photoAccording to the banker, the situation in the first month of winter will not fundamentally differ from the autumn / UNIAN photoThe head of the treasury department of Globus Bank, Taras Lesovy, told UNIAN whether it is worth waiting for the dollar to rise in value at the end of the year, in December.

“At the moment, the biggest expectation for December can be described as ‘bookmakers’ style’, because the main question that worries most people, quite irrational, is whether the dollar rate will rise to UAH 42”, – says the expert.

According to the banker, the situation in the first month of winter will not fundamentally differ from that of autumn: the impact of inflation will be “smoothed out”, although it has already been announced at the official level that annual inflation has accelerated to 10%, and the possible increased demand for currency will be overcome by active interventions of the National Bank.

In addition, according to Lesovoy, there are many unknown factors that can exert both psychological pressure on citizens and the market as a whole.

“In particular, we are talking about the energy conditions in which we will have to live, the consequences of the war for the country’s infrastructure, the situation on the battlefield, foreign economic and foreign political circumstances: from the tranches to Trump,” the expert explained.

In addition, Lesovy reminded that the weighted average exchange rate in 2025 is forecast at the level of UAH 45/dollar.

“This does not mean that the country will wake up with a dollar at 45 on January 1, but do not underestimate the “magic of numbers”: with such an exchange rate “guideline”, everyone will react in their own way, but we do not rule out that demand may increase,” the banker noted .

According to Lesovoy, exchange rate jumps are unlikely in December, and the overall increase in the exchange rate, compared to November, may range from 0.2% to 0.8%. Thus, it is quite possible that on January 1, 2025, the official rate will stop within the range of 41.6-41.8 hryvnias/dollar, and the overall annual growth of the currency will be equal to 10%.

Exchange rates in Ukraine – the latest newsThe dollar exchange rate at “PrivatBank” on November 25 increased by 5 kopecks and is UAH 41.65 per dollar. The euro exchange rate in the bank today dropped immediately by 35 kopecks and is UAH 43.85 per euro.

You can sell American currency in the bank at the exchange rate of UAH 41.05, euro – at the exchange rate of UAH 42.85 per unit of foreign currency.

You may also be interested in news:

  • What will happen to the dollar by the New Year: the expert gave a forecast until the end of 2024
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  • How much will 100 dollars cost in Ukraine by December 1: banker’s forecast

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