The dollar exchange rate will fall below 28 hryvnia next week



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Next week, the dollar could fall below the psychological mark of 28 hryvnia. This week, the rate fell in all segments of the foreign exchange market between 0.3 and 1.4%.

Alpari senior analyst Vadim Iosub told RBC-Ukraine about this.

According to him, from Friday to Friday, the official rate of the US dollar fell from 28.44 to 28.36 hryvnia (-0.3%). The demand / supply of the dollar in the interbank market, according to the company “UkrDealing”, during the same time decreased from 28.50 / 28.52 to 28.10 / 28.12 (-1.4%).

Average purchase / sale rates of dollars in cash at banks decreased during the week from 28.38 / 28.58 to 28.09 / 28.36 (-1.0% / – 0.8%). At the same time, the spread between the average sale and the average purchase widened from 0.7% to 0.9% due to a faster drop in the buy rate compared to the sell.

The analyst noted that Ukraine’s Finance Minister Serhiy Marchenko said that there is no risk of a significant devaluation of the hryvnia against the dollar by the end of the year, as there are no fundamental macroeconomic factors for it. At the same time, the minister pointed out that, given the unpredictable global effect on the economy due to the spread of the COVID-19 epidemic, it is quite difficult to predict the value of such volatile indicators as the exchange rate.

“For the next week, we expect a fall of the dollar against the hryvnia. The dollar in the interbank market can be traded in a week for about 27.8 hryvnia, and the dollar in cash in banks can be traded at 27.8 / 28.0 hryvnia, “added Iosub.

Remember that the dollar exchange rate in the state budget of Ukraine for 2021 is set at a level above 29 hryvnia.

Previously, analysts told RBC-Ukraine that the elections in the United States and their results will not affect the dollar exchange rate much.

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