Financial sector news

By the end of this week (February 18), banks intend to significantly adjust the cash rate of the dollar. These changes will be uneven: a decrease in the rate is expected when buying and an increase when selling. According to forecasts of the banking sector, the value of the currency during this period will fluctuate in the range from 37.8 to 39 hryvnias when buying and selling - compared to the evening prices on February 1, when banks bought the currency for an average of 37.9 hryvnias, and sold for UAH 38.5

About the possibility of such changes reported to OBOZ.UA  the head of the treasury department of Globus Bank, Taras Lesovoy. He also indicated that the difference between the purchase and sale rates will be from UAH 0.5 to UAH 1. In general, the banker emphasized, there are no obvious threats to the market yet. And during the current week "all existing trends can be saved".

"By all indications, the effect of the regime of "managed flexibility" will continue, which will manifest itself in frequent and multidirectional changes in exchange rates, but such changes will not be threatening to the general exchange rate situation. At the same time, the NBU will try to balance supply and demand as much as possible, adjusting their rate from time to time the ratio of the volume of currency interventions," Lesovy predicted the situation on the market.

According to the banker, the NBU has quite significant international reserves (as of January - up to 40 billion dollars), which allows it to quickly carry out currency interventions in the event of a significant imbalance between supply and demand. That is why it can be expected that the market will be in a state of predicted stability without excessive exchange rate jerks and jumps. International financial support plays a special role in this, because already in March Ukraine can receive 4.5 billion euros of the first tranche of the 4-year program from the EU for 50 billion euros.