How Ukrainians Can Protect Their Savings During Wartime: An Economist’s Advice.

Currency Market Outlook in Ukraine

According to Novyny.live: Economist Oleh Ustenko has weighed in on the current state of Ukraine’s foreign exchange market, highlighting a notable increase in bank deposits as people seek to shield their money from risk. He argues that for many Ukrainians today, the primary financial goal has shifted from earning to simply preserving what they already have. To reduce exposure to exchange rate volatility, Ustenko recommends holding savings across three currencies: the hryvnia, the U.S. dollar, and the euro.

Since the start of the full-scale war, Ukraine’s economy has seen a rise in the number of bank deposits. This trend reflects citizens’ efforts to safeguard their financial assets amid ongoing economic uncertainty.

“The dollar exchange rate in June 2026 will not reach 45 hryvnias per dollar,” says Oleh Ustenko.

This caution is reinforced by forecasts from economist Oleksiy Plotnikov, who anticipates possible fluctuations of 10–15 kopiyky from the current rate.

Financial Aid and the Need for Caution

On the topic of external financial support, the International Monetary Fund may offer Ukraine loans, which could serve as an additional factor influencing both currency market stability and the broader economic landscape. In this environment, Ukrainians are urged to exercise prudence in their financial decisions and stay alert to potential shifts in the economic climate.

The situation on Ukraine’s currency market mirrors the larger economic challenges the country faces during wartime. The uptick in deposits signals a cautious public searching for ways to preserve their savings. While exchange rate forecasts and potential IMF credit lines could serve as key indicators for future economic developments, Ukrainians should remain vigilant as the financial landscape continues to evolve.