Dynamics at the start of the week
The National Bank of Ukraine has set the official exchange rates for Monday, June 15. The market showed mixed dynamics: the US currency corrected downwards after a series of days of growth, while the European currency practically froze in place.
The official exchange rate of the US dollar for the current day is set at 44.81 hryvnias per unit. Compared to the figures of the previous banking day, the cost of the "greenback" decreased by 11 kopecks. This movement signals that the dollar has moved away from the local maximum reached at the end of last week.
The euro shows a different picture. The official exchange rate of the European currency was 51.85 hryvnias. Over the weekend, it increased by only 2 kopecks compared to the data on June 12. Thus, the euro continues to hold near the highest levels recorded in recent months.
Factors influencing quotes
The situation in the foreign exchange market remains complex and depends on many variables. Taras Lesovoy, Director of the Financial Markets and Investment Activities Department of "GLOBUS BANK", commenting on the situation for RBC-Ukraine, highlighted the key drivers of pressure on the exchange rate.
Among the main risks keeping the currency at a high level, the expert named:
- Military risks;
- Inflationary processes;
- Economic dependence on fuel prices;
- Potential problems in the energy, logistics, and production sectors.
However, there are also factors that can partially compensate for the negative impact. These include the seasonal price reduction of vegetables and berries, as well as expectations of further international financial aid.
Forecast for the near future
In the opinion of specialists, the next week will be a period of "controlled tension." Risks will remain high, but the overall situation in the foreign exchange market will likely remain within the forecasted figures.