Expert: hryvnia continues to lead the world in terms of strengthening

Эксперт: гривна продолжает лидировать в мире по темпам укрепления

The hryvnia continues to lead the pace of strengthening against the dollar

In the first eight months, the Ukrainian currency, the world’s first power-building, the analyst said Andrey Shevchishin.

Ukrainian hryvnia for eight months keeps the leadership in the pace of strengthening against the dollar. About this in Facebook wrote senior analyst at GK Forex Club Andrey Shevchishin.

According to him, better look only digital currency.

The reasons for the strengthening of the hryvnia Shevchishin called tight monetary policy of the NBU, favorable price conjuncture of commodity markets and political optimism.

The most unstable since the beginning of the year was the Argentine peso. He collapsed in a single day, in an unexpected outcome of the preliminary vote for President. “The current President, serving a strict policy of recovery, lost to populist, that can undermine the progress of reforms and lead to a new default,” – said the Shevchishin.

The second unstable currency has become Uzbekistan sum, the stability of which affected the liberalization of the foreign exchange market in the country and the establishment of a floating exchange rate.

More than 10% of the lost currency of Turkey (due to confrontation with USA and Europe), and Swedish auto industry which suffers from a conflict between China and the United States.

Эксперт: гривна продолжает лидировать в мире по темпам укрепления

facebook.com/AndyShev79

In August, the largest decline left the Argentine peso, after it started falling Brazilian real (Brazil – one of the main trading partners of Argentina), Uzbekistan sum has moved to the third place of the rating.

The leader in growth in August was the Japanese yen. “Trade war between China and the United States led to a large influx of primarily Asian capital in Japan, as a safe haven, thus provoking the strengthening of the yen by 2.3%,” – said Shevchishin.

Эксперт: гривна продолжает лидировать в мире по темпам укрепления

facebook.com/AndyShev79

Recall, all summer, the Ukrainian national currency has strengthened and has grown from 27 to 25 hryvnia per dollar, a record in three years. But with the onset of autumn began seasonal variations in the direction of the fall.

Two scenarios. What will happen to the hryvnia in September

 

 

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