Will the dollar exceed 44 hryvnias? <\/p>\n
Next week, the situation in Ukraine’s currency market is expected to be stable and predictable. Despite demand for currency remaining 10-15% higher than supply, the National Bank fully controls the market through currency interventions.<\/p>\n
Should we expect significant changes in the currency market in the week following Easter? In a comment to RBC-Ukraine, the director of the financial markets and investment activities department of “Globus Bank,” Taras Lesovoy<\/strong>, shared his insights.<\/p>\n Also read: <\/strong>Will the fuel cashback be canceled from May? The Ministry of Economy explained what will happen with the payments.<\/p>\n Main points:<\/strong><\/p>\n Lesovoy notes that the situation in Ukraine’s currency market is likely to remain quite similar to what has been observed previously over the next week.<\/p>\n “In the interbank market, demand will continue to exceed supply; however, this gap is not expected to go beyond acceptable limits: demand is expected to be higher than supply within 10-15%. Under these conditions, the National Bank will continue to play a decisive role, closely monitoring market conditions and adjusting the rate through interventions,” he explains.<\/p>\n Why sharp fluctuations are not expected?<\/p>\n According to Lesovoy, the economy has already adapted to the new prices following the rise in fuel costs. Since the initial reaction period has ended, there are no substantial grounds for new waves of exchange rate fluctuations at this time.<\/strong><\/p>\n Moreover, demand for currency in spring is traditionally lower, and there is no cash shortage in banks and exchange offices.<\/strong><\/p>\n Deposits will become more attractive<\/p>\n The expert added that a decision from the NBU is expected on April 30, which may increase the yield on hryvnia deposits by 0.5-1 percentage points. This will allow depositors not only to offset inflation but also to earn a small passive income in May.<\/p>\n Impact of events in the Middle East<\/p>\n Global instability remains the main external factor. If the situation around Iran escalates, the dollar may strengthen globally as a “safe haven asset.” For Ukraine, this would mean a stable dollar due to the NBU’s policy, while the euro could significantly depreciate (theoretically by 0.85-0.90 UAH).<\/p>\n Forecast for April 13-19<\/p>\n What will be the differences between buying and selling (spread)?<\/strong><\/p>\n Also read:<\/strong> A 7 hryvnia gap per liter: why prices at gas stations vary and when fuel will start to decrease.<\/p>\n","protected":false},"excerpt":{"rendered":" Will the dollar exceed 44 hryvnias? Next week, the situation in Ukraine’s currency market is expected to be stable and predictable. Despite demand for currency remaining 10-15% higher than supply, the National Bank fully controls the market through currency interventions. [Source](https:\/\/example.com)<\/p>\n","protected":false},"author":1,"featured_media":68804,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"magazine_newspaper_sidebar_layout":"","footnotes":""},"categories":[55],"tags":[],"class_list":["post-69021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analytics-en"],"yoast_head":"\n\n
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