Expert predicted whether the dollar exchange rate will change in November.
According to expert Oleksandr Khmelevskyi, in November 2024, the dollar exchange rate in Ukraine will fluctuate between 41.2-42.1 hryvnias on the interbank market and may reach 42.5 hryvnias on the cash market. He also emphasizes that the hryvnia is under certain pressure, but the NBU will maintain currency stability.
The expert points to significant demand for currency among the Ukrainian population, indicating their distrust of the hryvnia's stability. He explains that the reason for the increase in the dollar's exchange rate is the war, which leads to the death of people and the destruction of businesses, infrastructure, and housing stock, as well as a slowdown in economic growth. Ukraine also faces a trade deficit that needs to be financed through currency interventions by the National Bank.
To ensure the financing of state expenditures, monetary issuance may increase. In the first half of the current year, the monetary base has already grown by 10.5%. The NBU explained that the regime of controlled currency flexibility will continue.
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