In Ukraine, the dollar exchange rate in November 2024 may impress Ukrainians with its stability. High inflation and financing from international partners play a key role in the foreign exchange market.
Forecasts for November
Danylo Monin, an expert of the Ukrainian Institute of the Future, believes that the "lull" on the currency market can be preserved not only in November, but also in December. He emphasized that from mid-October to the end of the year, Ukraine will receive about 17 billion dollars in international aid, which will significantly increase the country's reserves.
"The National Bank of Ukraine (NBU) has the opportunity to maintain the exchange rate at the level of 41-41.5 hryvnias per dollar until the end of December. Devaluation of the hryvnia is currently not expedient, as it will only increase inflation," Monin said. According to his forecast, in November, 100 dollars can cost from 4,100 to 4,150 hryvnias.
Forecasts for 2025
Banker Serhiy Fursa predicts that during 2025, the dollar exchange rate in Ukraine may increase, but gradually. "At the end of 2025, the exchange rate may be 44-45 hryvnias per dollar, which means that 100 dollars will cost 4,400-4,500 hryvnias," he noted.
Monin advises Ukrainians to buy currency, but with caution, as there is no urgent need for this step. Given the possible strengthening of the hryvnia by the end of the year, it is worth paying attention to the situation on the foreign exchange market.
