In September, the dollar will cost approximately 41.4 – 42.2 UAH.
The dollar exchange rate in September may be affected by power outages and the autumn devaluation of the hryvnia. However, no drastic changes are predicted.
Anna Zolotko, Director of the Treasury Operations Department at Unex Bank, told Glavred about this in a commentary.
According to her, the first month of autumn will traditionally be marked by business activity. The pressure on the hryvnia will not be critical.
“September in Ukraine is traditionally marked by a revival of business activity and consumer demand, which stimulates the need for currency for importers. Due to the power outage, we should expect a slightly increased currency demand specifically for energy products. Also, the pressure on the hryvnia may be exerted by increased devaluation expectations, since Ukrainians expect devaluation from the autumn months, which creates additional demand for currency,” the expert said.
At the same time, she does not predict a significant rise in the dollar in September.
“Considering the expected acceleration of inflation in late summer and early autumn, limited exchange rate fluctuations are an important factor in price stability. Consequently, the regulator will most likely continue to make efforts to limit the amplitude of exchange rate fluctuations. This does not mean complete “immobility” of the exchange rate, but no dramatic events are expected.” on the currency market. In my opinion, the cash dollar exchange rate will be within the range of 41.4-42.2 UAH/USD for a month,” Zolotko said.
What is best to do with the currency – read in the weekly analytical project of the TSN.ua website.
