Uah exchange rate next week: why significant changes are not expected

Analysts' forecasts for the upcoming week of the Ukrainian currency market appear quite optimistic. Despite increased volatility, no exchange rate fluctuations are expected. The multi-service FinTech company predicts stability, noting that the basic corridors for the dollar and euro remain virtually unchanged.

'This is a natural stage for the market, when after a period of stability in August - September, more situational jumps occur. Yet despite the volatility, we see no reason to revise our short- or medium-term forecast: the basic corridor for the dollar remains within 41.20-41.70 UAH/USD, and for the euro - 48.30-49.20 UAH/EUR,' analysts emphasized.

Spreads, as the difference between buying and selling currency rates, play an important role in the market. The dynamics of spreads indicate stability in the financial system. Adjustments to buying and selling rates show ordinary movements, with no significant deviations from usual indicators.

Recently, businesses have been actively buying currency, while the population is getting rid of it. This mutual movement ensures balance in the market. Overall, analysts hope for stability and believe that macro statistics in October should not significantly impact the currency market situation.

Expectations for macro statistics in October

'Overall, the market is expecting a whole range of macro statistics and statements in October, including from the USA and the EU. The main advice is to stick to your strategy and keep a cool head: short fluctuations are possible, but we currently see no fundamental reasons for revising the exchange rate forecast,' the company emphasizes.

Ukrainian analysts note that the currency market of the country remains stable and is not subject to significant fluctuations, despite the recent increased volatility. It is predicted that the basic corridors for dollar and euro rates will be maintained for the upcoming week. Spreads, or the difference between selling and buying currency rates, demonstrate the stability of the financial system, while the balance of demand and supply in the market promotes its normal functioning.