A moderate weakening of the hryvnia should be expected this week.
insignificant, but still strengthening, hryvnia. This week, we should expect a moderate devaluation of the national currency and noticeable fluctuations in the foreign exchange market, since the demand for the dollar still exceeds the supply, and the NBU is sparingly spending the currency reserves of Ukraine, explains ZN.UA economy department editor Yuliya Samaeva.< /p>
On the one hand, there are positive factors. For example, the Ministry of Finance has finally begun to increase the yield on government securities – already more than 18%, in order to fuel the demand of speculative investors and attract the necessary financing. And the NBU stubbornly maintains the announced volumes of the hryvnia issue and refuses to buy more than 30 billion hryvnias of government bonds from the Ministry of Finance.
On the other hand, in the coming days, the National Bank will have to buy another portion of government bonds – i.e., “reprint” about 15 billion hryvnias . And this period untimely coincides with a seasonal factor that has been affecting the Ukrainian market for many years – it is precisely at the end of October and the beginning of November that the peaks of payments by grain exporters and energy importers fall.
“This period has always been tense for the Ukrainian of the foreign exchange market, now – and ready,” Yuliya Samaeva explains.
So this week we should expect a weakening of the hryvnia and the exchange rate to around 40.5 UAH per dollar and 40.2 UAH per euro< /strong>.
Read also: Experts predicted the dollar exchange rate until the end of December
Related video
According to the experts of the National Bank, as of the end of the previous week, the situation on the foreign exchange market in Ukraine stabilized . The regulator believes that this was influenced by the NBU's actions, as well as an increase in export revenues and international aid to Ukraine, the inflation forecast says.
