The business predicted the hryvnia exchange rate at the end of the year

Бизнес спрогнозировал курс гривны на конец года

The hryvnia devalues less than previously thought

Business improves the prognosis for the course of the Ukrainian currency, the fourth consecutive quarter. More and more entrepreneurs believe that the dollar will not grow more than 27 hryvnia.

Ukrainian business expects a growth of the average hryvnia exchange rate at the end of the year at the level of 27.43 UAH/USD. It is stated the report of the National Bank for the fourth quarter of 2019.

Thus, the devaluation expectations of the business improved again. In the first quarter of 2019, managers of enterprises expected rate 29,32 UAH/USD, in the II quarter at the level of 28,82 UAH/USD, in the III quarter of 27.96 UAH/USD.

Significantly increased the proportion of respondents expecting that the exchange rate in the next 12 months will not exceed 27 UAH/USD – to 44.1% (in the III quarter of 2019 32.3 per cent). In addition, 18.3% of respondents believe that the rate will not exceed 26 UAH/USD.

The NBU survey was conducted from 4 December 2019 up to 3 January 2020 among the leaders of 697 companies.

It is worth noting that since the end of last year, the hryvnia continues to become cheaper. From 26 December to 17 January, the official dollar exchange rate grew by UAH.

On 20 January, the NBU lowered the rate by 16 cents to 24.25 per dollar.

 

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