“Inflation and pauses in receiving international aid influenced the dollar’s rise in value, in particular.”, — write: www.unian.ua
Inflation and pauses in receiving international aid influenced the dollar’s rise in value, in particular.
The increase in the rates of the main currencies did not lead to panic or excitement, because the currency was not in short supply / photo REUTERSAccording to the results of 2024, the growth of the dollar exchange rate as a whole may amount to about 10%.Such a forecast was voiced by the vice-president of the Association of Ukrainian Banks, chairman of the board of “Globus Bank” Serhii Mamedov, UNIAN said in a comment.
According to him, the main reasons for the increase in the dollar rate are:
- increase in inflation due to objective factors (increase in electricity tariffs, increase in excise duties on fuel);
- power outages, which increased costs and complicated business operations;
- economic factors associated with the consequences of enemy missile and drone attacks: damage to the country’s infrastructure, reduction in GDP;
- periodic pauses in receiving international financial aid (for example, the delay in the approval of the aid package from the USA, of which almost $8 billion was used to cover part of the state budget expenses).
The banker noted that this situation affected the sentiments of both businesses and citizens, as a result of which the pressure on the hryvnia increased significantly.
“The increase in the rates of the main currencies, which occurred during the year, did not lead to panic or excitement, because after the cancellation of the main restrictions, the currency ceased to be in deficit. Instead, the currency interventions of the National Bank were aimed precisely at achieving a balance between buyers and sellers, so any hints of the agitation was nipped in the bud,” Mamedov emphasized.
Exchange rates in Ukraine – the latest newsThe dollar exchange rate at “PrivatBank” on November 27 increased by 5 kopecks and is UAH 41.75 per dollar. The euro exchange rate in the bank increased by 10 kopecks and is UAH 44.10 per euro.
The dollar exchange rate in Ukraine this week will be between UAH 41.00 and 41.80/dollar in banks, and between UAH 41.20 and 41.75/dollar in exchange offices of financial companies, predicts analyst Oleksiy Kozyrev.
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