Growth of currency exchange rates in 2024: when to expect changes and what to do.

Situation on the currency market of Ukraine

According to inkorr.com: Keeping savings in currency today is profitable, although significant profits should not be expected. This opinion was expressed by Oleg Hetman, head of the expert groups of the Economic Expert Platform.

The expert noted that the currency market in Ukraine remains stable due to the active actions of the National Bank. There is a probability that the dollar rate may rise slightly, but significant changes are not expected, as the main goal of the NBU remains to curb inflation.

'One of the main tasks of the regulator is to keep inflation at 5%, so they will hold the currency rate as long as possible. The National Bank has all the possibilities for this, as the foreign exchange reserves have currently reached record levels - about 44 billion dollars. This is much more than in previous decades,' explained the expert.

Hetman also advised Ukrainians to diversify their savings by splitting funds in half: one part in currency and the other in reliable financial instruments such as government bonds or corporate bonds. According to him, this can provide up to 16-17% annually, allowing for about 10% on savings.

Current exchange rate of the hryvnia

As of today, the average official exchange rate of the hryvnia is 41.28 UAH per dollar, which is 10 kopecks less than a week earlier. This is another indicator of the stability of the currency market, which has been observed for several months already.

Maintaining currency funds and investing in reliable financial instruments can be a good strategy for Ukrainians during times of economic instability. It is important to carefully follow the recommendations of specialists and monitor exchange rates to maximize income and maintain financial stability.