Ukraine jumped of the dollar and the Euro

On 17 March, the national Bank of Ukraine (NBU) has established such rates of major foreign currencies against the hryvnia:

USD 1 – UAH 26 and 97;
1 Euro – 28,93 UAH;
10 Russian rubles – UAH 4,63.

Thus, the dollar, compared to yesterday’s values rose by 9 cents.

The Euro rose from 38 cents. The Russian ruble is “recovered” by 9 cents.

On Thursday, 16 Mar dollar PNA interbank currency market of Ukraine increased from 8 to 9 cents and reached the psychological mark of 27 UAH/USD. The auction ended with quotes 26,87 – 26,92 UAH/USD. Today’s auction has not started yet.

According to analysts Forex club, the hryvnia on the cash market in March may be in the range of 27 – 28,5 UAH per U.S. dollar. Experts explain that in March and April, the hryvnia traditionally stronger. In the “Alpari” note that the stability of the hryvnia in early spring, will depend on the tranche of the IMF.

In addition, according to experts, to derail the hryvnia exchange rate can blockade on Donbass, although noticeable for ordinary citizens, the economic effect of the embargo may occur only after several months.

  • In 2017, the Finance Ministry of Ukraine expects the rate of 27,2 USD per dollar. The head of the NBU Valeria Gontareva considers budgeted-2017 the dollar is realistic. At the same time 2017-1018 year, according to calculations of the Ministry of economy, the dollar could jump up to 35 UAH;
  • 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.