Hryvnia exchange rate in October: expert explains why the currency will remain stable

According to hvylya.net: In the first half of October, Ukraine's foreign exchange market will remain stable even in the presence of external risks. This was reported by Taras Lesovyi, director of the financial markets and investment activities department of 'Globes Bank' for UNIAN. He emphasized that the actions of the National Bank contribute to the stability of the exchange rate and the predictability of the market.

According to the banker, the decline in inflation in the country by 4% from June to September helps support the hryvnia. The seasonal decrease in product prices also positively affects the financial system and consumers.

The National Bank's decision to maintain the discount rate at 15.5% is an important signal for the market, which supports the trust of businesses and the population. However, potential risks for the Ukrainian currency include unpredictable situations at the front, problems with international aid, and an increased threat of missile attacks. In addition, the expected strengthening of the euro against the dollar may also impact the Ukrainian exchange rate, the banker noted.

According to the statements of banker Taras Lesovyi, Ukraine's foreign exchange market remains stable due to the actions of the National Bank and favorable factors such as decreasing inflation and seasonal price reductions. However, there are risks that may affect the Ukrainian exchange rate in the future, such as instability at the front and geopolitical aspects.