Bankers, financial analysts, business managers, and private individuals predict that the exchange rate will be close to ₴40/$1 or higher in the next 12 months, reported the NBU.
In October 2023, financiers expect the exchange rate at ₴41.16/$1. In July, the prediction was ₴40.54/$1. Financial analysts, on the other hand, forecasted a rate of ₴39.99/$1 (data from September), business managers – ₴40/$1 (data from August), and the population of Ukraine ₴39.96 (data from September).
The NBU stated that the regulator’s priority is keeping the exchange rate stable and avoiding significant market fluctuations or weakening of the hryvnia.
According to Deputy Chairman of the NBU Serhiy Nikolaychuk, the central bank has made considerable efforts to create appropriate stable preconditions to preserve the stability of the foreign exchange market during the transition to managed exchange rate flexibility. One of them is attractive rates for hryvnia instruments. The attractiveness of hryvnia deposits helps reduce the demand for foreign currency and lowers pressure on the foreign exchange market.