• 25/02/2024 16:02

Exchange rates in Ukraine: the financier revealed the reason for the depreciation of the dollar, making a forecast until the end of winter

ByJohn Newman

Jan 20, 2024

As of Saturday morning, January 20, the official hryvnia exchange rate was fixed at 37.7 dollars – over the past ten days, the American currency has fallen in price by 53 kopecks, and now it has become known that it will continue Is there such a trend.

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Currency rates in Ukraine: a financier revealed the reason for the depreciation of the dollar, making a forecast until the end of winter

Photo – rbc.ua

NBN writes about the rationale for such a weakening of the dollar exchange rate, recorded in recent days, citing the explanation of the head of the analytical department of the investment company Concorde-Capital, Alexander Parashchiy, published by RBC-Ukraine.

According to Parashchiy, over the past 2 months, the dollar has been growing due to the enormous volumes of budget payments made in the second half of December, after the “exchange” of international financial assistance, part of government funds entered the foreign exchange market, triggered a seasonal surge in demand for the dollar/euro.

However, as the demand for currency decreases, caused by a decrease in the rush sentiment, the dollar will begin to fall in value, which is already noticeable. However, these adjustments do not in any way guarantee the stability of the updated “exchange rate trend”, but, apparently, until the end of winter, the trend towards the strengthening of the hryvnia will continue.

Head of the analytical department of the investment company Concorde-Capital » emphasized:

It is unlikely that we should expect the hryvnia to strengthen even to 37 dollars.

Rate currencies in Ukraine: the financier revealed the reason for the depreciation of the dollar, making a forecast until the end of winter

We previously wrote about the forecast the banker made about the stability of the behavior of the hryvnia against the dollar in 2024 year.

nbnews.com.ua

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