What will happen to the dollar exchange rate in Ukraine: forecast analyst

Last week the dollar in Ukraine has continued to depreciate in all segments of the foreign exchange market. Over the week the official rate of dollar fell to of 26.56 26,51 hryvnia, or 0.2%. Weighted average dollar exchange rate on the interbank market, according to the regulator, for the same period fell to 26, and 52 26,51 hryvnia, or 0.1%. As suggested by a senior analyst “Alpari” Vadim Iosub, the value of American currency on the interbank market may remain in the near future close to 26.5 UAH, cash dollar in banks will be quoted at 26,2/26,5 hryvnia.

“One of the factors of the continued strengthening of the hryvnia is the behaviour of the population, which remains a net seller of the currency. So, in April on the cash currency market, people bought 291,7 million dollars, and sold 647,6 million dollars. Net sales of foreign currency by the population for the month amounted to 355,9 million dollars. Since the beginning of the year net sale of foreign currency by the population amounted to 686,4 million dollars,” – says the analyst.

This week, the growth of non-cash hryvnia, suggested in “Alpari”, may be suspended, and the cash market may further strengthen the minimum.