Kostyantyn Kryvopust believes that the seasonal increase in demand for imported goods has a limited effect on the exchange rate.
The National Bank of Ukraine will adhere to the fixed rate in the coming months exchange rate thanks to international financial support. An increase in demand before the holidays can trigger an increase in the rate.
“Despite the fact that the pace of sales of currency reserves has accelerated and, most likely, will also be high in January, the NBU can maintain the official exchange rate, and with it, the interbank trading corridor at the current level,” Kryvopust said.
At the same time, he pointed out that the seasonal increase in demand for imported goods has a limited effect on the exchange rate. According to the expert, this is explained by the limited connection of the cash segment of the foreign exchange market with the interbank one.
“It is possible that the inflow of the hryvnia at the end of the year will lead to a revival of demand in the cash segment and a certain increase in the price of the dollar at exchange offices,” Kryvopust concluded.
