In Ukraine jumped, the Euro, the dollar is too expensive

Today, March 28, the national Bank of Ukraine (NBU) has established such rates of major foreign currencies against the hryvnia:

1 US dollar UAH of 27.15;
1 Euro for 29.56 UAH;
10 Russian rubles – UAH 4,76.

Thus, the dollar, compared to yesterday’s values increasing by a penny and remains above the psychological mark of 27 UAH/USD. So high, the dollar did not rise since March 6.

The Euro rose just 26 cents. The Russian ruble is “recovered” by four pennies.

Monday, March 27, the dollar on the interbank currency market of Ukraine decreased by one penny in the sale and purchase. The auction ended with quotes 27,11 – of 27.15 UAH/USD. Today’s auction has not started yet.

Analysts believe that in the coming weeks the dollar exchange rate in Ukraine is projected under the baseline forecast at 27 – 28,5 UAH, however, the risks to the hryvnia rise. One of the key threats to the stability of the national currency remains “nationalization” of Ukrainian enterprises in the so-called “DNR” and the ensuing trade embargo temporarily occupied territories of Donbass. Because of this, Ukraine is losing foreign exchange earnings.

In the case of a negative scenario, associated, including, with falling exports, the dollar exchange rate in Ukraine can go into the higher price range is 28.5 – 30 UAH per dollar.

Recall that the issue of Ukraine, is scheduled for consideration on March 20, disappeared from the agenda of the meetings of the Board of Directors of the IMF. Now the agenda is painted to 31 March, and on the issue of Ukraine in it.

Prime Minister Volodymyr Groysman noted that the transfer caused by the change of the economic situation in the country due to the blockade on Donbass and became a new challenge for the government. The national Bank of Ukraine (NBU) and the Finance Ministry were to update the macroeconomic projections taking into account the effect of the trade embargo, the NBU has lowered the forecast indicators. Yesterday , the IMF took their macroeconomic framework.

  • In 2017, Ukraine’s Finance Ministry expects a rate of 27.2 UAH 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.

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