The dollar may reach 43 hryvnias: exchange rate forecast for the first week of December.

According to ТСН: In the last week of autumn, the dollar exchange rate has caused some concern among Ukrainians. Initially, its value rose sharply, and it seemed that the dollar would soon cross the 43 hryvnia mark. However, closer to the end of November, the rate fell again, stopping at 42.50 hryvnias. The euro, on the other hand, demonstrated greater stability: at the beginning of the week, its rate slightly increased, and then remained almost unchanged.

Current situation on the currency market

According to specialized websites finance.ua and minfin.com.ua, the cash dollar rate initially rose sharply but then stopped. On Sunday, November 23, its average rate was 42.48 UAH/USD for sale and 41.96 UAH for purchase. Throughout the week, the rate rose to 42.70 UAH for sale and 42.10 UAH for purchase. On Sunday, November 30, the rate stabilized at 42.50 UAH per dollar (+2 kopecks for the week) in sales and 42 UAH (+3 kopecks for the week) in purchases. Thus, in November, the dollar on average became more expensive by 35 kopecks.

The highest dollar sale rate last week was recorded at 42.70 UAH (+30 kopecks), while the lowest was 42.35 UAH (+22 kopecks). The maximum purchase rate was 42.25 UAH (+30 kopecks). As for the euro, from November 24 to 26, it increased by 22 kopecks, reaching 49.35 UAH for sale and 48.71 UAH for purchase. On Sunday, November 30, the rates were 49.33 UAH and 48.67 UAH, respectively, and overall for November, the euro rose by 35 kopecks in sales and 40 kopecks in purchases.

Expert assessments

Experts note that the next week might be challenging for the hryvnia. Andriy Zablovsky predicts that the hryvnia will trade on the interbank market in the corridor of 42.3-42.5 UAH/USD, and the dollar will increase by 20 kopecks. Oleg Pendzin also believes that the trend of the dollar exchange rate will resume but should be moderate. In his opinion, the cash dollar may reach 42.70 UAH.

"In the cash market, the volumes of currency demand and supply have increased equally by 18%, however, more cash was bought by 38 million dollars than sold," notes Andriy Shevchishin.

Experts recommend continuing to purchase cash currency to protect funds from depreciation. At the same time, they warn of risks associated with the potential appreciation of the dollar.

This situation in the currency market may serve as a signal for investors to reconsider their strategies. Many of them, especially those planning to keep their savings in currency, may consider the possibility of purchasing dollars and euros to avoid losing value in a volatile market. It is essential to remember the necessity of balanced decisions and clear risk assessments.