Hryvnia falls: the Euro came close to the psychological mark

Today, September 7, the national Bank of Ukraine (NBU) has established such rates of major foreign currencies against the hryvnia:

$ 1 – 25,98 UAH;1 Euro of 30.99 UAH;10 Russian rubles – UAH a 4.53.

Thus, the dollar, compared to yesterday’s values, rose by another penny. Since the beginning of the week the exchange rate rose by 24 kopecks, last week the “green” rose by 30 cents. Experts believe that the country starts a seasonal round of devaluation.

The Euro rose by 14 cents and came close to the psychological mark of UAH 31. As you know, first and foremost, the appreciation of the Euro in Ukraine is connected with the appreciation of European currency against the dollar.

The Russian ruble is “recovered” for five cents.

Wednesday, September 6, the dollar on the interbank foreign exchange market increased by seven cents in the purchase and four pennies in the sale; the auction ended with quotations 26 – 26,02 UAH/USD. Euro on the interbank market traded at a 31 – 31,02 UAH, up to 13 – 16 cents. Today’s auction has not started yet.

Under the baseline scenario, Ukraine’s first three-year Budget resolution, in 2017, the average annual hryvnia exchange rate is projected at 27.8 million UAH/USD., in 2018 on the $ 29.3 UAH/USD., in 2019 – 30.5 UAH/USD. and in 2020 – 31 UAH/USD.

The experts at the end of the year give different predictions: in the Razumkov Centre promise a course in the area of 27 hryvnia in the second half, and Concorde Capital assume that at the end of this year the dollar will cost 28,5 hryvnia.

For 2015, the hryvnia depreciated by halffor 2016 devalued by 12.9%, and for the first half of 2017 strengthened against the dollar by 4%;
According to the “big Mac index”, the dollar in Ukraine has to cost a little more than 8 UAH;
The historical maximum the official rate of the dollar – 30.01 UAH. – was made in Feb 2015. The historical maximum of the Euro – 31,41 UAH.