At the start of 2024, the average exchange rate of the dollar may be in the range of ₴37.90-₴38.40, and the average exchange rate of the euro ₴42.10-₴42.60, analysts from the Center of Exchange Technologies said.
“If the NBU maintains the level of currency interventions at the level of previous weeks in the beginning of January, the Ukrainian currency will slow down or even stop its decline,” experts noted.
According to analysts, the hryvnia exchange rate will be affected by the following events: From domestic statistics, the report on Ukraine’s foreign exchange reserves in December can be highlighted. Considering the large volume of currency interventions by the NBU in recent weeks, a significant reserve reduction is expected. This would have a negative impact on the hryvnia.
Among external events, the most important is the publication of the Federal Reserve’s report on the US labor market for December. The last meeting of the American regulator was held in a very mild manner. This was a negative for the dollar.