Date: 6 months ago   Category: Economy

Dollar exchange rate can sharply change, there were few days: what Ukrainians need to know


Ukrainians were warned about possible change in the exchange rate of dollar
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Already by the end of the year the dollar can fall in price.

It are predicted by financial analysts of Forex Club.

By the end of December dollar can fall in price up to 28 UAH. It will be promoted by the credits of the IMF and the EU. Besides, fluctuations will restrain by means of currency interventions of National Bank.

However, exists also risk that the dollar will rise in price again.

"At the same time, at influence of negative factors the cost of dollar can be raised up to 29 hryvnias. The main risk - aggravation of military aggression. Then the course can overcome also this mark", - the analyst of Forex Club Andrey Shevchishin assumes.

the Expert is sure that martial law will not affect hryvnia in the long term. If the active phase of fighting begins, then the hryvnia certainly will weaken.

"Is fears that money transfers of Ukrainians from Russia can be reduced. To worsen logistics and blocking of deliveries to Russia through the third countries", - the analyst emphasized.

At the same time, the speculative pressure upon national currency decreases as panic moods of the population after introduction of martial law begin to decline.

Earlier we reported that the dollar and euro continue to become cheaper, the National Bank keeps quotations on Mezhbank, without allowing them to sink finally.

On Saturday will work December 8 official rates of the main foreign currencies which the National Bank of Ukraine established on Friday:

of 100 US dollars - 2787.9569 hryvnias
of
of 100 euros - 3164.6099 hryvnias
of
of 10 Russian rubles - 4.1775 hryvnias.

According to data on the regulator website, dollar exchange rate for December 8 is at the level of 27.87 UAH. Euro exchange rate of the NBU for December 8 decreased to 31.56 UAH
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In the previous bank day, Thursday December 6, such rates of foreign currencies worked:

of 100 US dollars - 2797.5656 hryvnias
of
of 100 euros - 3176.3560 hryvnias
of
of 10 Russian rubles - 4.1865 hryvnias.

Also we wrote that for 22 years from the moment of the introduction into circulation the Ukrainian hryvnia depreciated by 14 times. The hryvnia became national Ukrainian currency after holding a monetary reform in 1996. A number of banknotes and coins operating now is too big and not quite corresponds to those changes which happened in the country during this time.

Today's one hryvnia is equal to 7 kopeks hryvnia of a sample of 1996 on the level of purchasing power in an equivalent. Therefore if in 1996 there was a need for the address of small coins, then now it is practically absent.

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