What will the dollar exchange rate be until the end of July: banker’s forecast

Currency “transformations” will not be sharp.

At the end of July, a gradual movement towards currency growth will become noticeable. In particular, the American dollar will vary between 40.5–41.5 UAH.

As banker Taras Lesovoy said, UNIAN reports.

According to him, the currency corridors will shift somewhat, but these “transformations” will not be drastic, and the regulator will be able to intervene, if necessary, balancing supply and demand through currency interventions.< /p>

The expert predicts that from July 22 to July 28, the main exponents of the foreign exchange market will be as follows:

daily exchange rate changes: on the interbank market – up to 0.2–0.3 UAH, in in banks – up to 0.3–0.5 UAH, in exchange offices – up to 0.5 UAH;
weekly exchange rate deviations are expected to be within 2% of the initial Monday rate.

“At the same time, the market will be in anticipation of rising rates as a result of the inflation engine: it is expected that by the end of the year inflation will rise to 5-6%. Of course, under the influence of the “managed flexibility” regime, all further changes in the market will be smoothed out, and the system of daily currency changes will not undergo any special changes,” the expert said.

Already in the fall, new corridors of permissible fluctuations may be formed: 41-42 UAH/dollar and 44-47 UAH/euro.

“It is also worth recalling that the budget for 2024 includes a “maximum” exchange rate of 42. 2 UAH/$. And, most likely, such forecasts will come true. However, I emphasize that the changes will be gradual and sometimes unnoticeable,” Lesovoy noted.

As reported, demand for cash has increased in Ukraine. .Over the six months of this year, cash hryvnia became 4.8% (UAH 36.5 billion) more than it was at the beginning of the year.