Bankers said that it will affect the hryvnia exchange rate in February
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Bankers believe that in February the hryvnia exchange rate will be at the current level of UAH 40.5/$. NV writes about this with reference to bankers’ forecasts.
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What will happen to the course
According to Alexander Pecheritsyn from Raiffeisen Bank, the hryvnia will be supported by the resumption of export flows due to the expected stabilization of the grain corridor, as well as a gradual decrease in the import of power generators, and the rhythmic flow of international aid will help the NBU to reduce exchange rate fluctuations.
“Also, in the absence of new geopolitical risks, devaluation fears in the cash market may remain low. Therefore, we do not see significant grounds (at least now) for significant exchange rate fluctuations in February,” Pecheritsyn said.
Read more: Why will the dollar rise again?
Anton Boldyrev from Ukreximbank noted that their base scenario does not envisage significant fluctuations in the foreign exchange market, especially given that last week the NBU confirmed the absence of a basis for re-pegging the exchange rate and announced a further step-by-step tightening of requirements for banks’ mandatory reserves for client funds.
“In the long term, this can stimulate the improvement of the attractiveness of bank deposit products, redirecting part of the population’s currency demand to hryvnia assets. However, we can observe an increase in tension regarding the possible escalation of the situation at the front, which can become a factor in increased demand from the population,” he summarized.
Read: Jumps in the euro rate and gold fever: the promising meeting of the Fed and ECBReminder673=”485″ data-gtm-vis-has-fired-1698882673=”1″ data-gtm-vis-recent-on-screen-1698882673=”485 ″ data-gtm-vis-total-visible-time-1698882673=”100″ itemprop=”articleBody”>
- Earlier, the NBU noted that the regulator has a sufficient level of gold and currency reserves to maintain the official exchange rate of the hryvnia to the dollar at the level of 36.6 hryvnias. There are no reasons for devaluation.
Source: Ministry of Finance
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