The dollar will go to the mountain: the expert described the condition

The foreign exchange market in Ukraine remains illiquid

Dollar after a decline in the official exchange rate of the NBU on may 29 at the interbank foreign exchange market of Ukraine still trading near the mark of 27 hryvnia for one dollar. Such data to the website “Today” was given the head of Department of Analytics GK Forex Club Andrey Shevchishin.

According to him, such dynamics is formed after the announcement of the plans of the Cabinet of Ministers on overcoming the consequences of coronaries, and that the government is capable of reducing the country’s GDP in 2020 by 4-8% compared to the year 2019.

“The FX market remains illiquid. Exporters refrain from active sales of the currency in connection with the repayment of VAT and the receipt of the hryvnia, while foreign investors continue to exit bonds. As the country’s exit from quarantine, importers are increasing their activity, however, focused on the state of real demand for goods. Probably in the near future, the hryvnia will continue to move near the mark of 27 hryvnia per dollar, while the market does not appear a major player, able to balance and move the course up,” explained Shevchishin.

Earlier, market analysts had said, what factors affect currency exchange rate in Ukraine and how to make money on his races. In addition, the experts pointed out that the dollar can be significantly more expensive, if in 2020, will open the tourist season. Then we can expect significant demand for the currency and even of its deficiency. But how can you plan a trip to popular among Ukrainians Italy, learn from the interview with the Ambassador of Ukraine in Italy Jevgenijs Perelygina:

The Ambassador of Ukraine in Italy Video: Today