Currency rates in Ukraine continue to remain stable and there are no special prerequisites for changing the situation. However, according to bankers, there is a factor that can seriously affect the exchange rate.
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This was reported to “FACTS” by Taras Lesovy, Director of the Department of Financial Markets and Investment Activities of Globus Bank . According to him, from October 6 to 12, the foreign exchange market of Ukraine will remain predictable and stable, which is facilitated by the managed flexibility regime introduced by the NBU two years ago.
The NBU promptly responds to changes in demand and supply, minimizing sharp fluctuations in the official exchange rate and maintaining the confidence of market participants. At the same time, the inflationary background also looks favorable: in four months — from June to September — annual inflation decreased by almost 4%, which is an important factor for the stability of the hryvnia. The seasonal decrease in product prices in October traditionally provides a positive effect. Maintaining the discount rate at 15.5% indicates the stability of the financial system and provides tools for additional exchange rate support.
Despite this, some risks remain relevant. These include events on the front and possible delays in the provision of international assistance. An additional danger is hostile shelling of energy infrastructure, the likelihood of which increases in the fall.
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“It is expected that next week the dollar exchange rate will be within 41-41.5 UAH/$, and the euro exchange rate – 48-49.5 UAH/€. Thus, the market will remain stable thanks to the NBU policy and low inflation, although military and global risks can potentially affect the mood of participants,” Taras Lesovyi summarized.
Meanwhile, as “FACTY” reported, in early October the hryvnia is not threatened and its exchange rate against the dollar will be stable.
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