Director of the Financial Markets and Investment Activities Department of 'Globus Bank' Taras Lesovyi stated that the Ukrainian currency market will remain predictable in September, and the National Bank of Ukraine is ready to respond promptly to any undesirable fluctuations.
Factors Influencing the Market
The expert emphasized that several key factors will influence the currency market this month, including inflation reduction, GDP growth, and the strategy of the National Bank of Ukraine. The military factor and the possible scenario of freezing the conflict are also important.
Currency Forecasts
According to the expert's forecasts, the dollar exchange rate in September will fluctuate within the range of 41.6-42 hryvnias per dollar, and the euro exchange rate will not exceed 48-49.5 hryvnias. This means that 100 dollars will cost between 4160 and 4200 hryvnias, while 100 euros will cost between 4800 and 4950 hryvnias.
Taras Lesovyi stressed that the dollar exchange rate remains stable and predictable. In the interbank market, the expected range is 41.6-42 UAH/USD, and in the cash market - 41.6-42 UAH/USD. As for the euro, the interbank rate will be 48-49 UAH, and the cash market rate will be 48-49.5 UAH.
The expert emphasizes that the National Bank is ready to intervene in the market to ensure the stability of the national currency in the conditions of martial law.
It has been reported that stabilization of the Ukrainian currency market is expected in September, and the National Bank is prepared to enhance its intervention to support the stability of the national currency in the context of the current geopolitical conflict.