Hryvnia Exchange Rate Until Year-End: Experts Reveal What Awaits the Dollar

According to hvylya.net: The Ukrainian hryvnia has every chance of remaining stable in November, as indicated by financial analysts. The dollar has slightly jumped, but remains lower than at the beginning of the year. The main factor influencing the exchange rate of the hryvnia is the policy of the National Bank, which keeps it stable through international aid and intervention in the foreign exchange market.

'The regulator is restraining inflation, which is why it keeps the hryvnia stable. The National Bank has enough reserves to smooth out exchange rate fluctuations,' explained Dragon Capital analyst Serhiy Fursa.

Although discussions about a possible devaluation continue, experts believe that this is not too serious a scenario. The IMF is also considering a gradual weakening of the hryvnia without panic. By the end of the year, stability of the hryvnia exchange rate is forecasted, and even its gradual weakening without abrupt changes.

'For now, the risks are very low. The most likely option is stability for the next few months. By the end of the year, the hryvnia may slightly weaken to the level of 43-44 hryvnias per dollar,' noted the expert.

It is also worth noting that Ukrainians' investments in government bonds have reached a historical maximum.

The Ukrainian hryvnia may remain stable in November due to the policy of the National Bank, international aid, and intervention in the foreign exchange market. Experts do not see serious threats to its exchange rate and even predict its gradual weakening by the end of the year.