In Ukraine, the dollar exchange rate in November 2024 may surprise Ukrainians with its stability. High inflation and financing from international partners play a key role in the currency market.
Forecasts for November
Danylo Monin, an expert at the Ukrainian Institute for the Future, believes that the “calm” on the foreign exchange market may persist 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 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 41-41.5 hryvnias per dollar until the end of December. Devaluation of the hryvnia is not advisable at the moment, as it will only increase inflation,” Monin noted. According to his forecast, in November 100 dollars could 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 within 4400-4500 hryvnias,” he noted.
Monin advises Ukrainians to buy currency, but with caution, as there is no urgent need for this step. In the context of a possible strengthening of the hryvnia by the end of the year, it is worth considering the situation on the foreign exchange market.
