The dollar rate in Ukraine is falling after a sharp rise

Today, January 19, the national Bank of Ukraine (NBU) has established such rates of major foreign currencies against the local currency.

1 USD – UAH 27,49;
1 Euro – 29,31 UAH;
10 Russian rubles – UAH of 4.64.

Thus, the dollar, compared to yesterday’s values dropped 13 cents. The rate continuously grew from 12 to 18 January, in General, with the new year almost up on the hryvnia.

The Euro fell to 20 cents. The Russian ruble “lost” on a penny.

We will remind, on January 18 at the interbank foreign exchange market, the dollar fell to 2 – 3 pennies. Bidding closed quotes 27,56 – net loss of 27.62 UAH. Today’s auction has not started yet.

Earlier, the NBU Council said the reasons for the current collapse of the hryvnia. Exchange “swing” the last week in the Council believe that it is temporary. In the NBU explained that the demand for foreign currency exceeds the supply under the influence of situational and seasonal factors. And the Prime Minister of Ukraine Volodymyr Groysman assured that the devaluation of the hryvnia is seasonal.

At the same time, experts predict that in the near future the dollar in Ukraine can grow up to 29 – 30 hryvnia. Economists cite several reasons for the fall of the hryvnia: the demand for commodities decreases, the Ukrainians earn less at the expense of exports, in addition, dollars have to be spent on the purchase of energy resources and the repayment of loans. According to experts, the rate stabiliziruemost after Feb.

  • In 2017, Ukraine’s Finance Ministry expects a rate of 27.2 UAH/USD. The head of the NBU Valeria Gontareva considers budgeted-2017 the dollar is realistic.
  • For 2015 , the hryvnia depreciated by half, and for 2016 , the hryvnia depreciated by 12.9%, entering the TOP 3 of the weakest currencies of the CIS;
  • According to the “big Mac index” , the dollar in Ukraine has to cost a little more than 8 UAH;
  • The historical maximum the official rate of the dollar – 30.01 UAH/USD. – was made in Feb 2015.