The hryvnia is falling and the dollar rising. Whether to run in the exchange and buy foreign currency
The hryvnia is falling and the dollar rising. Whether to run in the exchange and buy foreign currency
© National Bank of Ukraine
Money
Today, 20:42
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In exchange dollar is worth about 28 USD.
This week the Ukrainians stormed the exchange and bought dollars and euros. Since the beginning of the month, the currency rose more than the hryvnia. And on Thursday, the dollar broke the mark of 28 UAH. Most of the time.
This is stated in the plot of TSN.19:30.
Many Ukrainians have long kept their savings in dollars or euros because of the instability of the hryvnia.
“The hryvnia seasonal currency. She grows stronger in the spring and waning in the autumn. Just this year the seasonality was evident a little earlier,” says financial analyst Sergey Fursa.
This was influenced by several factors. The first government loans. In winter the Ministry of Finance sold UAH bonds. In the summer, with interest returning the money to buyers. And they rushed to buy dollars.
“They earned 17% annually in August, got the money in hand and began to convert them into dollars,” says financial analyst Alexander Savchenko.
It immediately began to put pressure on the exchange rate on the interbank market. In the cash market, the work involved is simple Ukrainians who rushed to buy foreign currency. As a consequence, this week at the hands of the dollar sold above 28 hryvnias.
See also:
The dollar and the Euro will once again rise. The national Bank determined exchange rates after the weekend
In some exchange offices put a price of 29 USD. However, we should not think that these exchanges know more than others. They are primarily aimed at the inattentive, and the Ukrainians, who are panicking the most. But just to panic, experts say, should not be. Enough to watch the news. In the world, the dollar becomes more expensive. In Turkey, Russia and Iran, the national currency took a nosedive. And against the background of the national currency is still holding well. After all, not even reached the rate of January 2018. However, this fall a test of the strength of the national currency will have to go again and again.
“Pent-up demand for the dollar is still very large. But we still have to buy gas, coal, price imported,” – said financial analyst Eric Naiman.
The course at the end of the year will affect that, whether Ukraine will receive tranche from the IMF. And elections next year. However increase, sure, will not be stunning.
“We expected in the area of 29 hryvnia per dollar. Now it may be a bit more – around 30 per dollar”, – says Savchenko.
That’s why experts suggest to be very careful when buying dollar.
“If the money you need in the next month or two – do not buy the currency. You just feed the speculators, middlemen, because you bought more expensive. And sold cheaper. Only if you expect half a year not to touch them – it makes sense to buy”, says Naiman.
But even here we are talking about amounts in thousands of dollars or more. Because of the hundreds or two – gains or losses – are simply invisible.
Alexander Romaniuk
Video course currencies. TSN has learned what to expect from the hryvnia in the future
Will only go up? Just panic? This week, the Ukrainians again stormed the exchange and bought dollars and euros. Since the beginning of the month, the currency rose more than the hryvnia. And on Thursday, the dollar broke the mark of 28 USD. Most of the time.
TSN. 19:30
Today, 20:34
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