The dollar is gradually increasing in value: how this will affect the economy and prices in Ukraine.

The exchange rate of the dollar in Ukraine remains one of the hottest topics. Any changes affect prices and the overall mood of Ukrainians. What do economists say about the possible rise in the price of the American currency and the factors influencing its exchange rate?

On this subject, the journalists of Novyny.LIVE asked economist Eduard Karajiya.

Currently, the currency market is calm. Demand and supply are low, and although some participants are trying to 'stir up' the market to make more transactions, there are no real preconditions for a sharp change in the exchange rate. The expert emphasizes that one should not expect sudden jumps in the value of the dollar.

'I believe that such forecasts are spread by those who work in the currency market. Currently, transactions are going very slowly, and the informational campaign is intended to provoke panic among potential buyers and increase movement in the market. But in reality, there are no serious grounds for this. For the exchange rate of the dollar to change, the hryvnia would need to lose value, and people would need additional funds to buy currency,' explains economist Eduard Karajiya.

Factors of influence

For a significant increase in the exchange rate of the dollar, a currency deficit or substantial demand is needed. Currently, there are no grounds for this in Ukraine, except for certain needs related to military procurement. Overall, the currency reserves in the country ensure the normal functioning of the economy and are sufficient for the everyday needs of citizens.

'For a currency deficit to arise in Ukraine, there needs to be a significant demand for it. But such a situation is not happening now. Aside from some needs related to military procurement, our currency reserves are enough to meet current demands. Therefore, one should not expect a sudden shortage of currency ownership that could trigger a rapid increase in the exchange rate of the dollar,' notes the specialist.

The Ukrainian currency market remains stable, and currently there are no serious grounds for significant increases or decreases in the exchange rate of the dollar. The demand for explosive changes is still unjustified, and the currency in the country is sufficient to meet current needs.