In July, the hryvnia is likely to come under moderate pressure, but no sharp fluctuations in the exchange rate are expected. The main factors influencing the foreign exchange market include demand for foreign currency, international financial support, inflation, and military risks.
This was explained by Taras Lisovyi, director of the Financial Markets and Investment Department at Globus Bank, in comments to RBC-Ukraine.
Forecast for the Dollar
The dollar exchange rate is projected to range between 44.5 and 45.5 UAH per dollar in July, with no sharp fluctuations.
Forecast for the euro
The euro may fluctuate within the range of 51–53 UAH due to the influence of both the domestic market and the euro/dollar exchange rate.
Key influencing factors
- Importer Demand
- International financial aid
- Inflation expectations
- Security situation
Risks
The greatest threat comes from the simultaneous deterioration of several factors—delays in external financing, rising fuel prices, increased demand for foreign currency, and the escalation of the war.
What to Do with Your Savings
An expert advises against viewing foreign currency as the sole means of protecting your funds, as hryvnia deposits and government bonds remain competitive.
