The beginning of April was marked by a sharp change in the exchange rates of major currencies. On April 3, the euro made a rapid jump, becoming more expensive by more than 1 hryvnia per day. The official rate of the National Bank almost reached 46 UAH/euro , and the cash rate even exceeded this limit. Meanwhile, the US dollar is showing a decline: banks are buying it much cheaper at 41 UAH , writes IZ with reference to the material of TSN.
According to finance.ua and minfin.com.ua, it was on April 3 that instability began on the foreign exchange market. The euro reached the mark of 46.00 UAH in sales, while the dollar fell to an average selling price of 41.52 UAH. By Friday, April 4, the euro exchange rate had decreased slightly, but still remained high – 45.95 UAH. The dollar, in turn, continued to fall to 41.40 UAH. On April 6, the dollar cash rate was 41.35 UAH in sales and 40.76 UAH in purchases, while the euro was trading at 45.80 and 44.90 UAH, respectively.
The illegal market also reacted to the changes: according to the “money changer” service, on April 3, the euro rose in price to UAH 46.05 for sale, and to UAH 45.30 for purchase. The dollar showed the opposite dynamics – a decrease of more than 40 kopecks during the week. The official exchange rate of the NBU confirmed the strengthening of the hryvnia: on Monday, April 7, the dollar was set at UAH 41.19 , and the euro – UAH 45.55 .
Analysts believe that the reason for the rapid rise in the euro is the decision of US President Donald Trump to introduce global trade tariffs. “Trump’s unprecedented decision to impose trade tariffs immediately affected the value of the dollar and the euro in Ukraine,” explained economist Andriy Zablovsky. He also noted that the situation is situational and does not indicate a long-term trend.
For the week from April 7 to 13, analysts voice restrained forecasts. Oleg Pendzin believes that the dollar may continue its slow decline, but by the end of the week it will stabilize within UAH 41.20–41.30. As for the euro, further fluctuations depend on the development of the international trade situation. Andriy Shevchyshyn also assumes a slight depreciation of the dollar, but points to a possible resumption of the euro's growth due to trade tensions.
Regarding advice to the population, experts expressed different opinions. Zablovsky recommends refraining from currency transactions for now, and if necessary, fixing profits from old purchases of euros by investing in hryvnia-denominated government bonds. Shevchyshyn advises the opposite – buying the dollar while it is getting cheaper and preparing for economic challenges. Pendzin emphasizes confidence in the hryvnia: “Buying cash dollars under a mattress has been unprofitable for more than three months.”
According to the NBU, since the beginning of the year, deposits in foreign currency have decreased by UAH 1.2 billion, and in hryvnia they have increased by UAH 14 billion. At the same time, more than 98% of depositors have amounts of up to UAH 200 thousand in their accounts. This, according to experts, indicates a growing interest in hryvnia instruments among ordinary Ukrainians.
We remind you that it was previously reported that Ukrainians are predicted to see an increase in the price of goods from the United States.