Dollar exchange rate by the end of the year: expert named a new level for the hryvnia

Saving savings in foreign currency is now profitable, although one should not expect big gains. This was emphasized by Oleg Hetman, who leads expert groups of the Economic Expert Platform.

The expert noted that the foreign exchange market in Ukraine is stable due to the active activities of the National Bank. It is predicted that the dollar rate may rise slightly, but significant changes are not expected, as the main priority for the NBU is to curb inflation.

'One of the main tasks of the regulator is to keep inflation at 5%, so they will hold the exchange rate for as long as possible. The National Bank has all the possibilities for this, as foreign exchange reserves have currently reached record levels - about 44 billion dollars. This is much more than in previous decades,' the expert explained.

Hetman advised Ukrainians to diversify their savings, keeping half of their foreign currency in reliable financial instruments, such as domestic government bonds or corporate bonds. According to the expert, this can bring up to 16-17% per annum, allowing for about 10% earnings on savings.

The average official exchange rate of the hryvnia is currently 41.28 UAH per dollar, only 10 kopecks lower than a week earlier - this is another indicator of stability in the currency market, which has lasted for several months.

Preserving foreign currency funds and investing in reliable financial instruments can be a good option for Ukrainians in changing times of economic instability. It is important to carefully follow the advice of experts and monitor exchange rates to maximize earnings and maintain financial stability.