According to information from the National Bank of Ukraine, the dollar exchange rate continues to increase for the second day in a row.
This information was reported on the regulator’s website, reports URA-Inform.
Official exchange rate as of March 5, 2024 year is set at 38.3135 hryvnia per 1 dollar, which is an increase of 0.1560 hryvnia compared to previous figures.
On the interbank market on March 4, the rate also increased by 11 kopecks and amounted to 38.28-38.30 hryvnia per dollar (purchase and sale) compared to the previous close. These changes are caused by various factors, including economic and psychological aspects, as noted by Taras Lesovoy, head of the treasury department at Globus Bank, in a commentary for RBC-Ukraine.
According to him, in early March, the main factors influencing dynamics of the foreign exchange market will be associated mainly with economic factors, but the influence of a psychological factor cannot be excluded either.
He also noted that the cash market will determine rates, focusing on the interbank market, taking into account commissions of financial institutions, which will lead to mirror changes in the cash market and the interbank market.
The banker also predicts that the maximum values of exchange rate fluctuations will remain unchanged, and the expected ranges will be 38-39.5 hryvnia per dollar and 41.5-43 hryvnia per euro on the interbank market, as well as 38-39.9 hryvnia per dollar and 41-43 hryvnia per euro on the cash market.
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