What will happen with hryvnia in near future?

Renowned economist Eric Naiman gave his forecast on the rate of the Ukrainian national currency in the near future.

30 October 2015 16:09

According to the economist, compensation payment to depositors of Delta Bank primarily influenced the last hike of the hryvnia exchange rate against major currencies. The rise, triggered by additional demand for the hryvnia, did affect the volume of cash in circulation.

According to Naiman, since this factor was situational, it won’t cause any long-acting consequences.

- If no turmoil happens, such as the resumption of hostilities in the ATO area or early parliamentary elections, the hryvnia volatility will remain at a low level, and I expect the rate not to exceed UAH 25 for one dollar, but rather, being influenced by seasonal fluctuations, to return to the mark UAH 23 per dollar in the near future, said the expert.