The hryvnia devaluation at the beginning of September may amount to 1.4% compared to August.
The end of summer on the currency market will pass without any significant exchange rate shifts: the corridor of acceptable currency fluctuations will remain unchanged, which is 41-41.7 UAH/USD on the interbank market and 41-42 UAH/USD on the cash market.
Taras Lesovoy, head of the treasury department at Globus Bank, told RBC-Ukraine about this.
“We can assume that as of September 1, the official rate will freeze within the range of 41.4-41.6 UAH/USD. That is, the devaluation of the hryvnia compared to the exchange rate on August 1 (the official rate was at 41 UAH/USD) could be up to 1.4%,” he said.
According to the banker's forecast, from August 26 to 30, the situation on the currency market will be as follows:
- The corridors of acceptable currency changes on the interbank market will be 41-41.7 UAH/USD and 43.5-45.5 UAH/EUR
- on the cash market – 41-42 UAH/USD and 43.5-46.5 UAH/EUR
Depending on the currency, the average difference between the interbank and cash market rates will be 0.3–0.5 UAH.
Average weekly deviations will be within 2% of the starting rate of the week.
“Thus, the last week of August will be a completely logical continuation of the entire month: exchange rate trends will change alternately with a slight, barely noticeable upward movement of rates. However, the main changes will occur in the fall, although they will not come as a surprise. The National Bank will apply an effective policy to prevent the destruction of the architecture of the currency market,” Lesovoy noted.
Why people are starting to withdraw savings from banks that will be with the exchange rate this week, which is better: the euro, the dollar, are there other options, read in the weekly analytical project of the TSN.ua website.
