The Euro in Ukraine is going up rapidly

Today, July 26, the national Bank of Ukraine (NBU) has established such rates of major foreign currencies against the hryvnia:

1 USD – UAH 25,84;
1 Euro – 30,22 UAH;
10 Russian rubles – 4,32 UAH.

Thus, the dollar, compared to yesterday’s values, rose by two pennies. The last time the rate fell below $ 25,85 UAH/USD. more than six months ago – 9 December 2016.

The Euro rose to 15 cents and stays above 30 UAH – for the first time since September 12, 2016.

The Russian rouble practically has not changed.

On Tuesday, July 25, the dollar on the interbank currency market rose by a penny on buying and selling, the auction ended with quotes 25,83 – 25,84 UAH/USD. Euro on the interbank market yesterday was traded at the level of 30.21 – to 30.23 UAH. Today’s auction has not started yet.

  • See also: Euro gone wild: the causes and prognosis

Under the baseline scenario, Ukraine’s first three-year Budget resolution, in 2017, the average annual hryvnia exchange rate is projected at 27.8 million UAH/USD., in 2018 on the $ 29.3 UAH/USD., in 2019 – 30.5 UAH/USD. and in 2020 – 31 UAH/USD..

The experts at the end of the year give different predictions: in the Razumkov Centre promise a course in the area of 27 hryvnia in the second half, and Concorde Capital assume that at the end of this year the dollar will cost 28,5 hryvnia.

  • For 2015, the hryvnia depreciated by halffor 2016 devalued by 12.9%, and for the first half of 2017 strengthened against the dollar by 4%;
  • 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.