The hryvnia exchange rate will remain within the current range.
Dollar after a decline in the official exchange rate of NBU on 22 June on the interbank currency market of Ukraine trades on the level of 26.75 hryvnia. These data provided the head of Department of Analytics GK Forex Club Andrey Shevchishin, reports the Chronicle.info with reference for Today.
“The key driver of the market is the Cabinet decision to tighten quarantine measures in response to record growth in new infections COVID-19. The threat of collapse of business activity is once again becoming significant, and will affect economic growth. But in the amplification of negative factors, the rate may remain stable because of the missing demand for currency on the part of small and medium-sized businesses, importers and the population”, – said the Shevchishin.
Thus, according to him, improved estimates of the fall of Ukraine’s GDP in the first quarter of 2020, did not have any impact on the market. Thus, in quarterly terms, GDP decreased by 0.7%, as compared to the same period of 2019 – by 1.3%.
“Probably in the near future the hryvnia exchange rate will remain within the current range of 26.6-26,8 UAH per dollar,” the analyst concluded.