Exchange rate of hryvnia to the end of the year may decline to 28.5 UAH/$, but in the spring may again strengthen.

The head of the NBU Council does not believe in the fall of the hryvnia to the end of the year below 28,5 UAH/$

The head of the National Bank of Ukraine (NBU) Bohdan Danylyshyn said on air "channel 5", reports Biznestsentr.

"Spring 2019 will be a difficult period. This is the period of the presidential elections. I hope that they still held. Want to see the presidential campaign had no political overtones and had such widespread political influence, including macroeconomic indicators. Including on the hryvnia . However, the political discharge can be overwhelming," said he.

"In addition, there may be a significant outpouring in the election campaign, which, eventually, may affect the volatility of the national currency, but at the same time it will not have the same tangible impact we had, for example, in the period of 2016. So I would hope that the hryvnia in 2018 will reach its peak towards the end of the year. I think we all do somewhere at the level of 28.5 hryvnia per U.S. dollar", – said the head of the NBU Council.

Danylyshyn also said that in the spring the dollar will probably fall in price.

"Reduced volatility from January-March, and since March of 2019 we can go in that direction and the tendencies that we had in previous years. That is, to move to a floating exchange rate system" – said the head of the Council of the national Bank.

Read also: Head of the NBU Council questioned the achievement of the inflation target by year-end

As reported, this week the hryvnia exchange rate fell below psychological marks 28 UAH/$ 33 UAH per Euro for the first time since the end of winter.

Subscribe to Biznestsentr in Facebook, Twitter and Telegram


See comments →