Exchange rate of the dollar and euro at the end of September: NBU and experts' forecast

Taras Lesovyi, the Director of the Financial Markets and Investment Activities Department of Globus Bank, stated that next week the Ukrainian foreign exchange market will be stable without significant fluctuations due to seasonal factors, and the National Bank will continue its policy of controlled exchange rate formation, conducting currency interventions at the right moment.

'The dynamics of the hryvnia will be determined by economic indicators: the rate of price growth, the condition of key sectors of the economy, revenues from exports, and the amount of external financial support. Military risks will not be the main factor influencing the currency situation but will only periodically make adjustments.'

It is predicted that the dollar will fluctuate in the range of 41.2-41.5 hryvnias, while the euro may be in the range of 47.5-49 hryvnias due to volatility in global markets. The currency market expects 'usual changes' without sharp jumps or new trends.

Forecast for September 22-28:

• Dollar: 41.2-41.5 UAH (bank and cash rate)
• Euro: 47.5-49 UAH (bank and cash rate)
• Spread between bank and cash rates: about 0.1-0.15 UAH
• Weekly exchange rate fluctuations: within 1-1.5%

According to Taras Lesovyi's forecasts, at the end of September, the Ukrainian foreign exchange market will be stable, and the dollar and euro will fluctuate within certain limits due to volatility in global markets and economic indicators.