The dollar rate in Ukraine went into a nosedive

Today, April 24, the national Bank of Ukraine (NBU) has established such rates of major foreign currencies against the hryvnia:

1 USD – UAH 26,73;
1 Euro – 28,59 UAH;
10 Russian rubles – UAH 4,75.

Thus, the dollar exchange rate compared with the values for Friday, April 21, dropped another two cents. For the last 10 business days the dollar exchange rate in Ukraine had dropped by almost 40 cents.

The Euro fell to 16 cents. The Russian ruble is “recovered” by a penny.

On Friday, April 21, the dollar on the interbank currency market of Ukraine fell by a penny on the sale and purchase. The auction ended with quotes 26,71 – 26,73 UAH/USD. Today’s auction has not started yet.

We will remind, the head of the NBU Valeria Gontareva confirmed its resignation. May 10 the Central Bank may be a new leader. Before that the statement of the head of the NBU must be signed by the President, and after that the document must be approved by the Parliament. Analysts believe that despite the personnel changes at the NBU, the hryvnia will continue until the trend to strengthen.

  • 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.