The dollar exchange rate in Ukraine affects the price of many goods, such as gasoline. But although experts predict a rise in the price of diesel fuel, the exchange rate of the American currency against the hryvnia will remain stable in the third week of November.
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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, unstable energy supply will be a challenge for the stability of the currency. This factor changes the rhythm of the work of enterprises, and every consumer immediately feels this, because because of this, goods become more expensive, salaries are not always paid on time, and purchasing power falls. People fall into a kind of circle: prices rise – demand decreases – it is more difficult to plan expenses.
The financial decisions of Ukrainians are also subject to this situation. Previously, free funds often went to foreign currency, now some citizens choose hryvnia deposits with rates of up to 17.5% per annum, as well as government bonds, on which the yield can jump over 18%. This allows you to protect your savings from inflation, but about half of the money received as bonuses or premiums still ends up in the foreign exchange market.
Demand for currency remains high, but it is no longer as “substantial” as, for example, in 2022, when strict restrictions on the purchase of currency were in place.
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According to the expert, the NBU plays the role of a kind of “shock absorber”: the discount rate of 15.5% supports the hryvnia, and the strategy of managed flexibility allows to restrain excessive fluctuations in the exchange rate. It is expected that during the period of November 17-23, interventions will not exceed $ 600-800 million, which allows to avoid sharp exchange rate jumps precisely due to the imbalance of demand/supply.
– This means that for an ordinary citizen, the exchange rate will remain stable. So, although energy restrictions affect all spheres of life, the main financial instruments and the NBU policy allow maintaining balance. Citizens can plan their spending and savings without the fear of a sudden collapse of the exchange rate. In conditions of constant uncertainty, the stability of the hryvnia remains a key factor of security in everyday life, – the banker summarizes.
In general, from November 17 to 23, the dollar exchange rate in Ukraine is unlikely to exceed 42 hryvnias and 49.5 hryvnias for the euro, but the exchange rate itself may fluctuate during the week from 40 to 60 kopecks.
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As previously reported by “FACTS”, blackouts and problems with electricity are gradually becoming a full-fledged factor of influence on the foreign exchange market.
