A number of factors will influence the situation on the currency market.
In terms of currency demand, February in Ukraine is usually a fairly calm month. However, the inauguration of Donald Trump adds additional uncertainty to the market.
Banker Anna Zolotko stated this in a commentary to “Glavred”.
According to her, the decisions that the US President will make at the beginning of his term are quite capable of influencing the currency demand in Ukraine both in terms of expectations and indirectly. For example, due to the rise in price of oil and oil products, the import of which is a significant item of Ukrainian imports.
“In any case, the increased devaluation expectations of Ukrainians will continue in February. This factor is quite significant in terms of the formation of overall demand on the currency market,” Zolotko said.
The expert believes that the Ukrainian National Bank will continue to support the hryvnia, compensating for the structural deficit of currency on the market. This task now obviously remains on the list of key priorities, given the acceleration of inflation, she notes.
“Therefore, I do not expect a significant increase in the dollar exchange rate in February. In my opinion, in the cash segment, the rate will fluctuate in the range of 42.7-43.6 UAH/$,” Anna Zolotko believes.
Recall that banker Taras Lesovoy estimated what the dollar exchange rate will be this week (January 20-26). It is expected that there will be no sharp fluctuations. However, both internal and external factors can affect the situation.
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