The hryvnia’s fate: Experts provide their forecasts.

Bankers, households, and financial analysts expect the dollar to the hryvnia exchange rate to rise over the next 12 months. Banks predict that the exchange rate will be ₴44.92 per $1, which is higher than the previous forecast in July for ₴43.15 per $1. Businesses last offered their predicted exchange rate in August, ₴43.72 to $1. Financial analysts expect a rate of ₴44.08 per $1 versus ₴43.98 per $1 in September.

In turn, ICU analysts commented on the current situation in the foreign exchange market and stated that the National Bank took advantage of smaller imbalances in the foreign exchange market and significantly reduced interventions. Therefore, last week the volume of interventions decreased to its smallest since the end of August, to $553M.

“The NBU may soon proceed to further weaken the hryvnia exchange rate to at least ₴42 per $1 by the end of the year,” ICU predicts.