• 19/01/2025 18:11

Banker answered whether to expect significant fluctuations in foreign exchange rates on January 20-26

ByJohn Newman

Jan 19, 2025

The NBU recently raised the key rate to 13.5 percent (an increase to 14-14.5 is expected from January 23), which somewhat strengthened the hryvnia and prevented sharp exchange rate changes, fixing the value of currencies at the level of: dollar – 42.17 UAH/unit, and euro – 43.32 UAH/unit.

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The banker answered whether to expect significant fluctuations in the exchange rate of foreign currencies on January 20-26

Photo – bigmir.net

As reported by NBN with reference to the analytical material of RBC-Ukraine, in accordance with the forecast of the head of the treasury department of Globus Bank Taras Lesovoy, In mid-January, the situation on the currency market will be somewhat tense.

Based on Lesovoy’s words, the aggravation of the situation on the domestic currency market of Ukraine is unlikely to provoke the emergence of active exchange rate changes, and the key indicators will remain within the parameters indicated below:

  • variation corridors— on the “interbank” the dollar will remain within the limits of 42-42.5 hryvnia/unit, and the euro— 43.5-45 hryvnia/unit (on the cash market the dollar will not cost more than 42.2-43.2 hryvnia/unit, and the euro— 45-47.5 UAH/unit);
  • possible fluctuations — on the interbank market — from 0.05 to 0.15 UAH, in commercial financial institutions — from 0.1 to 0.2 UAH, and in exchange offices — up to 0.3 UAH;
  • average weekly deviations — in the range from 1 to 1.5 percent (reference point — Monday, January 20).

Earlier, our information portal wrote about the NBU explaining why banks import less foreign currency cash into Ukraine.

nbnews.com.ua

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