You shouldn't buy up the currency.
Banking market players predict that by the end of the year the exchange rate fluctuations of the currency will be in the current corridor of 41.3-42 UAH. Therefore, there is no point in buying up the dollar.
This is written by the publication OBOZ.UA.
The general situation on the currency market will remain quite stable and predictable.
“The exchange rate is perceived by most citizens as a marker of the economic situation in the country. Therefore, we predict that in the future the National Bank will act effectively, and when the need arises – quite decisively,” noted the head of the board of Globus Bank Sergey Mamedov.
Vitaly Vavrishchuk, head of the macroeconomic research department of the ICU financial group, also does not expect any sharp changes in the dollar exchange rate. According to him, the dynamics of the hryvnia weakening in the second half of 2024 will be slightly weaker than in the first.
“As for the exchange rate, our forecast for the end of the year has not changed – this is a corridor of 42-43 UAH per dollar,” he said.
Market participants note that the NBU forms the “weather” on the market.
“We clearly understand that the hryvnia needs to be gradually weakened. The country lives with huge imbalances in external accounts. They need to be gradually reduced, because they make the economy vulnerable,” Vavryshchuk explained.
At the same time, the NBU plans to liberalize its foreign exchange policy and make the dollar exchange rate more flexible. In addition, the financial regulator may return to inflation targeting.
Recall that Ukraine agreed with the International Monetary Fund on a new tranche. Following these agreements, The National Bank will move towards greater flexibility of the hryvnia exchange rate against the dollar.