Hryvnia in June will remain stable, but fluctuations in the dollar exchange rate are possible. It is likely that the cash rate will not fall below the official rate and will not rise above the mark of UAH 38.9/$.
American currency rate most dependent on the supply of international financial assistance to Ukraine from partner countries. Oleksiy Kushch, an analyst at the United Ukraine analytical center, said this in a commentary to GLOBAL HAPPENINGS.
“We now have a derivative of international financial assistance. More or less stable money comes from Western partners, so there is everything for exchange rate stability. Plus, there was a continuation of the “grain corridor”, transits through Poland and other countries were unblocked. Also, commodity exports resumed. Of course, not to the pre-war level, but we now have 60-70% of the pre-war level of exports,” the expert said.
He also added that there is a reduction in the outflow of capital from Ukrainians abroad. These factors affect the exchange rate the most.
Recall that in Ukraine on Thursday, May 25, banks set the cash rate of the dollar at the level of 37.15/37.60 UAH/$ (buy/sell). Compared to yesterday, the cost of the currency for buying has not changed, for selling it has increased by 4 kopecks.
This is evidenced by data from the website of the Ministry of Finance. The official rate of the American currency remained at the level of UAH 36.56/$.
As GLOBAL HAPPENINGS wrote, Ukrainians are not advised to buy currency now, if this is done in the hope that the exchange rate will devalue in the future.
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.
