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How the dollar exchange rate will change at the end of September: a forecast from an experienced banker

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Devaluation hryvnia at the end of September is expected to be insignificant, and the official dollar exchange rate will most likely remain below 41.3 hryvnia.

This was stated in an interview with RBC-Ukraine by Taras Lesovoy, head of the treasury at Globus Bank, who is cited by URA-Inform».

According to Lesovoy, currency fluctuations will occur almost daily, but their nature will not cause sharp changes in the exchange rate. On certain days, there may be a currency surplus on the interbank market due to the activity of exporters, which will lead to situational decline in the dollar exchange rate, as happened on September 6, when its rate fell below 41 hryvnia.

“The rate on the cash market will depend on interbank indicators, and the gap between them will remain minimal. “A sharp change in the exchange rate is unlikely, which will have a positive impact on businesses and citizens,” Lesovoy added.

He predicts that the possible devaluation in October will not exceed 1.3-1.5% per month.

The forecast for the last week of September suggests that the fluctuations in the interbank exchange rate will be within the range of 41-41.6 UAH/USD, and on the cash market – 41.2-41.8 UAH/USD. The difference between the interbank and cash market will be 0.3-0.5 UAH, and deviations from the starting rate of the week will not exceed 2%.

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