Currency exchange rates in February: Analyst explained what will critically affect the price of hryvnia to dollar.

The corridor of fluctuations in the exchange rate of the dollar and euro in February 2025 is forecasted

Financial expert Oleksiy Kozyrev analyzed the situation in the currency market and the factors affecting exchange rates and reported that expectations for the cashless dollar exchange rate will fluctuate between 41.75-42.80 hryvnias, and the euro exchange rate - 43.20-44.60 hryvnias.

Factors influencing the currency market

The expert identified seven main factors that will determine the dynamics of the currency market in February:

• The situation at the front and psychological impact on market participants;
• Economic activity, which is not expected to grow due to various negative factors;
• Tax period that supports the hryvnia;
• NBU interventions at the level of 30-50 million dollars daily;
• Behavior of the population, which plans to bring from 0.9 to 1.2 billion dollars to Ukraine at the beginning of 2025;
• International financial assistance and placement of government bonds;
• Geopolitical situation and decisions made by Trump, the US Federal Reserve, and the ECB.

Recommendations for savings

Kozyrev advises keeping 40-50% of savings in hryvnia instruments and 50-60% in currency instruments, dividing the currency portfolio between dollars and euros.

Forecasts for the exchange rate

At the beginning of 2025, the US currency has already reached the level of 42 hryvnias, and by the end of the year, it may rise to 48 hryvnias. Ensuring stability in the currency market is one of the important tasks facing the National Bank of Ukraine.