In Ukraine at the end of May and beginning of June the strengthening of the hryvnia will stop. At the same time, foreign exchange rates will not move to growth either. “dollar” will not exceed 38 UAHand the euro – 41 hryvnia.
This was told to GLOBAL HAPPENINGS by the head of the Treasury Department of Globus Bank Taras Lesovoy. “In the last days of May and early June, a stable situation will most likely prevail in the foreign exchange market,” the expert stated.
According to his forecast, the difference between the official exchange rate and the exchange rate will remain unchanged and will not exceed 2.5%, that is, further strengthening of the hryvnia is unlikely. At the same time, the current fluctuations in the dollar and euro exchange rates in exchange offices will be within 0.3-0.5 UAH, and the difference between the buying and selling price will not exceed 0.3 UAH.
“It is still difficult to predict how events at the front may affect the country’s economy, the psychological state of society – and how this may affect the foreign exchange market. However, given economic factors, we can assume that in June there will be a “May status quo”The cash exchange rate, despite minor situational fluctuations that will not exceed UAH 0.3-0.5, will remain in the May corridor of UAH 37-38/USD, UAH 40-41/EUR,” Lesovoy summed up.
As GLOBAL HAPPENINGS reported, Ukrainians are not advised to buy currency now, if this is done in the hope that the exchange rate will devalue in the future. However, this option is suitable for citizens who have a large supply of cash.
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.
