The dollar has set a new record: how much is the currency worth
9 July 2024 17:28
The National Bank of Ukraine has raised the dollar to a new all-time high. This was reported by "Komersant Ukrainian" reports citing data on the national regulator’s website.
The official exchange rate for 10 July 2024 is set at the following level: uAH 40.7662 per dollar (UAH 0.0662).
The euro exchange rate will be 44.0846 hryvnia to 1 euro (0.0065 UAH). This is also a historical high. The rate was only higher on 9 July – 44.0781.
What Ukrainians should expect from the dollar in autumn
There will be no significant increase in the dollar by the end of the summer, assured Oleg Pendzin, a member of the Economic Discussion Club. The exchange rate will average up to UAH 41 per dollar, no more. At the same time, the National Bank will periodically strengthen or weaken the hryvnia. Pendzin states that the NBU sold $615 million on the interbank foreign exchange market last week. “The national bank is essentially the only seller. This means that it sets the rules of the game. Moreover, it is the regulator.
“In June, the NBU reached the average annual exchange rate that was included in the state budget. And now it will be slowly changing to reach UAH 41 by the end of the year, UAH 41 per $1 with a little tail. However, the average annual exchange rate should reach UAH 40.7 per $1,” the expert said.
The economist is confident that there will be no sudden collapse of the hryvnia this year. It is all thanks to the same financial assistance from the allies.
“As of today, we have fully confirmed macro-financial assistance until the end of this year. Therefore, there can be no basis for a fall, because all the macrofinance will come in time and in full,” Oleg Pendzin said.
