The currency will continue to grow on the cash market
Against the background of further growth of gas prices in Europe, the euro currency quickly fell to the mark of 0.9910-0.9920 dollars. But by the end of the week, the potential for a further fall of the euro was exhausted and the quotations of the euro/dollar pair reached parity again. This is reported by the Ministry of Finance publication.
According to the publication, the euro/dollar fever did not significantly affect the Ukrainian interbank market. However, the overall demand for the currency still mostly exceeded the supply.
However, on the cash market, some exchange owners continued to set the selling rate of the euro higher than the selling rate of the dollar.
“Next week, the euro will continue to remain the main tool for making money, both for international and local speculators,” analysts of the publication assume.
The non-cash dollar will remain within the standard corridor of 36.57-36.93 hryvnias, in contrast to the cash foreign exchange market. The difference between the interbank and cash market exchange rates will continue to grow.
The news about the additional emission of the National Bank in the form of the purchase of military bonds from the Ministry of Finance for another 30 billion hryvnias will not play in favor of the national currency. The quotations for the sale of dollars and euros in the exchange offices of financial companies and bank cash registers and regular payments to our military will be pushed up.
According to experts, problems with cash currency at banks persist, so money changers of financial companies remain the main players of the cash currency market, despite the periodically declared desire of NBU officials to change this situation in favor of banks.
For forecasts quotation of the dollar at most exchangers this weekend will be within the corridor: reception 40.00 — 40.60 hryvnias, sale within 40.65 — 41.10 hryvnias.
As for the euro currency, on Saturday and Sunday, the owners of exchangers will focus on the behavior of the euro/dollar pair on international markets as of the evening of Friday, August 26, that is, within the possible corridor of $0.99-$1.01 per euro.
As predicted, at most exchangers euro quotes will be in the range of: receiving 40.00 – 40.55 hryvnias and selling 40.60 – 41.20 hryvnias.
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