Banks reported the currency rates for next week

Next week, Ukrainian banks may review the cash dollar rate. Financial experts predict that by March 1, the currency will trade within the range of 43–43.75 UAH. This is reported by OBOZ.UA.

As of the evening of February 20, banks were buying dollars at an average of 43.05 UAH and selling at 43.5 UAH. Thus, a decrease in the purchase rate is not excluded with a possible increase in the selling rate.

Dollar rate in banks: forecast for the end of February

According to the assessment of the Director of the Financial Markets and Investment Activities Department of Globus Bank, Taras Lesovyi, the cash market will remain within a controlled corridor. In banks, the spread between buying and selling is expected to be up to 0.5–0.6 UAH.

On average, the indicators may look like this:

• buying rate in banks – within 43–43.75 UAH

• selling rate in banks – within the same range

• difference between purchases in different banks – 0.2–0.3 UAH

• difference in selling – 0.1–0.2 UAH.

Exchange offices in Ukraine: how cash quotations will change

Exchange offices predict growth in both buying and selling. As of February 20, dollars were bought there at an average of 42.55 UAH and sold at 43.4 UAH. It is expected that the quotations will also remain in the range of 43–43.75 UAH.

The spread in exchange offices is traditionally wider:

• difference between buying and selling – up to 0.6–1 UAH

• fluctuation between buying points – 0.3–0.5 UAH

• fluctuation in selling – 0.3–0.5 UAH.

According to Taras Lesovyi, at the end of February, the currency market will remain sensitive to internal and external factors. At the same time, the National Bank of Ukraine controls the situation thanks to significant international reserves.

«In the conditions of war and energy crimes of the enemy, the economy operates in survival mode. In such realities, currency stability becomes one of the key factors of economic resilience», – noted the banker.

Let us remind you that economist Oleg Pendzin commented on the exchange of old dollar bills. Pendzin noted that the Federal Reserve System of the USA defines that 100 dollars - is always 100 dollars. This means that the year of issue of the banknote does not matter for its payment capability.