Banker forecasts hryvnia stability
2013-07-29 15:01:04
The stable situation on the market and the increase of the foreign currency supply give grounds to assume that there will be no turbulence on the Ukrainian currency market this autumn.
Dmytro Solohub, head of the analysis and studies departments of Raiffeisen Bank Aval expressed this opinion.
“The stable situation on the market gives grounds to expect that we will not see such turbulence on the currency market this autumn, as it has been last year. Although, it will be hard to avoid seasonal growth of demand (both in the cash and cashless segments of the market),” the UBR quotes the specialist.
According to him, the hryvnia has slightly strengthened over recent days: “Interbank quotations on the pair USD/UAH fell from the point of 8.153-8.158 UAH/USD a week earlier to the current levels of 8.131-8.137 UAH/USD. Perhaps, total quiet condition over the period of summer vacations played its role, which cuts the currency demand.”
In addition, Solohub added, a slight increase for the currency supply has been observed recently , which may be related to the beginning of the season of grain crops exports (this year, harvesting started rather early).
To remind, supply of the foreign currency on the cash market of Ukraine for the first time exceeded its demand.