Hryvnia against the dollar: forecast for next week

Last week, the dollar against the hryvnia rose slightly in all segments of the foreign exchange market by 0.2 to 0.4 percent.

The dollar hryvnia rate will rise slightly over the next week, to 28.5 hryvnia, Alpari senior analyst Vadim Iosub said in a comment to RBC-Ukraine on October 18.

“The partial recovery of the hryvnia, which was observed the week before last, was replaced by its decline last week. This trend is likely to continue in the short term, and the dollar has every chance to renew the established local highs. in early October, “said the expert.

He noted that last week the dollar against the hryvnia rose slightly in all segments of the foreign exchange market by 0.2-0.4 percent.

Average rates for buying / selling dollars in cash at banks increased during the week from 28.13 / 28.35 to 28.26 / 28.45 (+0.4 percent). At the same time, the spread between the average sale and the average purchase decreased from 0.8 percent to 0.7 percent.

As a reminder, the IMF calculated the real exchange rate for the hryvnia and concluded that the exchange rate for the hryvnia is four times the nominal rate in purchasing power parity terms.

Earlier, the World Bank said the pandemic strengthened Ukraine.

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