Although the exchange rate in Ukraine remains relatively stable, experts note that the situation on the foreign exchange market is ambiguous. According to financial analysts, Ukrainians hold significant amounts of savings in foreign currency - from 40 to 60 billion dollars, which is equivalent to 1.65-2.5 trillion hryvnias.
Andriy Zablovsky (head of the Secretariat of the Council of Entrepreneurs under the Cabinet of Ministers) and Andriy Shevchyshyn (financial analyst) explained in comments to TSN that now is a favorable time to buy cash currency. Shevchyshyn emphasized that foreign currency OVDP (domestic government bonds) are a better option compared to deposits, as they can generate income even in conditions of relative exchange rate stability.
Andriy Zablovsky recommends dividing your savings in this way: keep a third of your funds in hryvnia on deposits, and keep the rest in dollars and euros. This approach will effectively protect your savings from inflation risks.
Oleg Pendzin , a member of the Economic Discussion Club, predicts that by the end of the year the hryvnia will slowly devalue to the level of 42.5-42.7 UAH/USD. Based on this, in the next three months deposits and government bonds in hryvnia may become more profitable investment options.
However, all experts recommend not selling currency without urgent need, as this can lead to financial losses.
Oleksiy Kozyrev , an analyst, predicts that by the end of this week the dollar exchange rate in banks will fluctuate within the range of 40.70-41.65 UAH/dollar, and in exchangers of financial companies – 40.75-41.60 UAH/dollar. On the interbank market, the exchange rate will be in the range of 41.00-41.70 UAH/dollar, and on the cash market – from 40.90 to 42 UAH/dollar.
