• 21/05/2024 12:43

What will happen to the dollar exchange rate by the end of April: banker’s forecast

 What will happen with the dollar exchange rate until the end of April: banker's forecast

The currency may fall slightly before Easter.

In the last ten days of April, the situation on the foreign exchange market will remain within established trends. Fluctuations in the exchange rate of the dollar will not exceed 1.5-2.0%.

Taras Lesovoy, head of the treasury department of Globus Bank, said this in a commentary to RBC-Ukraine.

As the banker noted, under the “managed flexibility” regime, almost daily currency changes will occur, both upward and downward. At the same time, any changes will not go beyond the rules of the market. As before, the National Bank will take an active position in the non-cash market, with the volume and frequency of foreign exchange interventions directing the exchange rate to safe corridors.

“The gradual activation of the cash market on the eve of Easter may also become important during this period. Thus, from April 26 until May 10, the number of foreign exchange transactions will slowly increase, and compared to the beginning of April, this figure may increase by an average of 10-15%.” , the banker predicts.

He believes that during the pre-holiday period, citizens are more likely to sell foreign currency, which immediately affects exchange rate policy: purchasing rates are gradually declining. This year it is expected that the purchase rate (approximately from April 26 to May 10) may decrease to 2% of the base rate (at the beginning of the period of increased demand), which in money will be approximately 0.5-0.8 UAH.

As for the main market indicators, as Lesnoy predicts, they will be as follows:

  • on the interbank market 39-40 UAH/dollar and 42-43.5 UAH/euro
  • on the cash market 39-40 UAH/dollar and 41-43.5 UAH/euro

Average weekly exchange rate fluctuations will not exceed 1.5-2% from Monday.

Will the hryvnia continue to strengthen, what is happening in the market now, what to expect this week, is it worth investing in the currency, what is more profitable: the euro, the dollar or other options,readin the weekly analytical project of the TSN.ua website.

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