The dollar exchange rate in Ukraine is probably will be strengthened in April. Most likely the range will be 38-38.5 UAH/$.
Such a forecast was voiced by the head of the analytical department of Concorde Capital Alexander Parashchy in a commentary to GLOBAL HAPPENINGS. “Eat there is a big chance that the hryvnia will further strengthen, here we see several factors. The first is the sowing campaign, which is now actively starting,” he said.
Farmers are actively selling their harvest last year, the expert added, and they are also selling their currency reserves to ensure the sowing season. “Accordingly, most likely the dollar will move down, probably for about 2-3 weeks. We can talk about the range of 38-38.5 UAH/$,” said Parashchy.
He also stressed that much will depend on the “grain corridor”, but so far the situation is not entirely clear. Therefore, if there is some unexpected bad news about the “grain agreement”, then there may be certain problems.
Recall that on the morning of March 21, Ukrainian banks buy a cash dollar at an average of UAH 38.45, which is 5 kopecks. more expensive than it was the day before. Sell the same currency at the same level of 38.9 UAH.
Among large banks, Sens Bank put up the highest purchase rate – UAH 38.5. The lowest is OTP Bank, UAH 37. They sell American currency for the most expensive price at Sberbank – UAH 39.1 each. The cheapest is in PrivatBank, UAH 38.55.
As GLOBAL HAPPENINGS previously reported, the National Bank tied the abolition of the fixed rate not to a specific time, but to macroeconomic indicators. The regulator intends to keep the dollar at the level of UAH 36.56 until the situation on the foreign exchange market improves and inflation stabilizes.
Source: Obozrevatel
I am a journalist who writes about economics and business. I have worked in the news industry for over 5 years, most recently as an author at Global Happenings. My work has focused on covering the economy news, and I have written extensively on topics such as unemployment rates, housing prices, and the financial crisis. I am also an avid reader and have been known to write about books that interest me.
