“Minimal changes in the exchange rate up and down should be considered a common phenomenon, the expert noted.”, — write: www.unian.ua
Minimal changes in the exchange rate up and down should be considered a common phenomenon, the expert noted.
The cash exchange rate of the dollar to the hryvnia on November 29 in banks is UAH 41.90 per dollar. / photo UNIANAt the beginning of December, the situation on the foreign exchange market, as in November, will primarily be driven by the regulator’s strategy to minimize the impact of inflation on exchange rates.“That is, despite the fact that, according to the forecast, annual inflation may exceed 10%, exchange rates will remain at a fairly stable, albeit variable level (that is, minor fluctuations that will not cause global exchange rates),” said the head of the Globus treasury department in a comment to UNIAN Bank” Taras Lesovy.
According to him, minimal changes up and down should be considered a common phenomenon, which indicates a good general economic situation, supported by new tranches of international financial assistance.
The expert noted: in relation to supply and demand, the regulator will be able to apply the mechanism of currency interventions at the interbank level in the event of the seeds of prevailing demand. After all, it is the ratio of supply and demand that should be considered the basic and key factor in the formation of exchange rates.
“And on the cash market, as we wrote about it earlier, the balance can come in a “natural” way thanks to the increase in currency sellers on the eve of the holidays, who will spend their currency savings on the purchase of “Mikolaychiki” and other related preparations,” the banker said.
According to Lesovoy’s forecast, the main indicators of the foreign exchange market from December 2 to 8 will be as follows:
- Corridors of currency changes: UAH 41.4-41.8/dollar. and 43.5-45 UAH/euro (interbank) and 41.5-42 UAH/dollar. and UAH 45-47.5/euro (on the cash market);
- daily exchange rate changes: at interbank – up to UAH 0.05-0.15, in banks – up to UAH 0.1-0.2, at exchange offices – up to UAH 0.3;
- the average difference between interbank and cash market exchange rates: depending on the currency, up to UAH 0.3-0.5;
- weekly rate deviations are expected within 1-1.5% of the initial Monday rate.
“Thus, the general situation on the foreign exchange market in the first decade of December will be under control to some extent: at least there are no economic factors that could slightly destabilize the exchange rates. Instead, we do not rule out that the exchange rates will move in the direction of 42 hryvnias/dollar in barely noticeable steps. However it’s just a vector and it’s unlikely to happen next week,” Lesovy summarized.
Exchange rates in Ukraine – current newsThe cash exchange rate of the dollar to the hryvnia in Ukrainian banks on Friday, November 29, remained at the previous level and averaged 41.90 hryvnias per dollar. You can sell American currency in banks today at an average rate of UAH 41.45 per dollar.
The average exchange rate of the euro against the hryvnia today rose by 10 kopecks and is 44.35 UAH per euro. You can sell European currency at the exchange rate of UAH 43.75 per euro.
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