Euro and Dollar Exchange Rate Before September 1: Why Exchange Offices Will Profit

The exchange rate of the Ukrainian hryvnia before September 1 showed a mixed dynamics on the currency market, noted the Ministry of Finance. Currency operations became particularly active at the beginning of the week, leading to the hryvnia's weakening due to increased demand for foreign currency. Even the intervention of the National Bank of Ukraine couldn't change the overall trend.

'There were no serious shocks, but the overall environment was not in favor of the national currency,' experts reported. Large-sum deals managed to slightly lower the hryvnia exchange rate to 41.28-41.31 per dollar, but by the end of the week, the situation normalized. Regarding the euro, it held within the boundaries of global trends, while the interbank market showed a decrease of 25 kopecks per euro.

On the international market, the EUR/USD pair traded steadily within the range of 1.16-1.17 dollars per euro. Significant fluctuations in the currency markets are anticipated in the second half of September due to the ECB meeting and the US Fed's decisions on rates. So, exchange office owners will operate normally, hoping for increased cash currency inflow before September 1. Expected exchange rates for the weekend: the dollar will be bought at 41.00-41.30 hryvnias, the euro at 47.70-48.30 hryvnias. Moreover, it is important to compare prices before the deal.