On December 20, the National Bank of Ukraine (NBU) set a new record exchange rate for the dollar - UAH 41.93. This is 3 kopecks higher than the previous indicator, and is the highest value in the history of Ukraine.
Since November 27, when the official dollar exchange rate exceeded UAH 41.5 for the first time in several months, record values have already been set eight times. The last maximum value (41.9 hryvnias) was valid for only one day - December 19.
However, such changes are not a cause for panic. As experts note, exchange rate fluctuations are a common phenomenon under the regime of managed flexibility introduced by the NBU.
The Chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, Danylo Hetmantsev, emphasizes that even during the budget calculations for 2024, the government predicted a devaluation of the hryvnia by approximately 10%. At the end of the year, the exchange rate was forecast at the level of UAH 42.1/dollar.
Thus, there is still room for growth, but such changes are part of the expected scenario, not a sign of a crisis.
Despite the record official exchange rate, the cash dollar has long exceeded these figures. For example, exchange rates are often much higher due to market factors including supply and demand.
It is difficult to predict further changes, but experts note that after jumps, the course often goes down. For example, after reaching a record on December 4 (41.93 UAH), the rate dropped to 41.44 UAH.
Serhii Nikolaychuk, Deputy Chairman of the National Bank of Ukraine, previously explained: changing course is a natural process in modern conditions. The regulator warned in advance about possible fluctuations.
Today, the main task of the NBU is to preserve the stability of the financial system, which involves controlling inflation and timely response to changes in the economic situation.
