How do you keep your finger on the pulse of currency change?
Many factors influence the changes of currency rates, including external and internal state policy, inflow and outflow of money from the territory of Ukraine, external loans, GDP, economic state of the country and many other factors. Exchange rates are constantly changing, so it is important to always keep track of the dynamics and be informed. Read on to find out how you can do this.
What will happen to the hryvnia exchange rate in 2020?
Ukrainian economy is going through not the best of times. The coronavirus crisis, after which our and many other countries' economies have been paralyzed, has contributed to it. According to the Ministry of Finance, the general fund of the state budget of Ukraine lags behind by 44 billion hryvnias in terms of revenues. At the same time, the savings of the Ukrainian population decreased by 61,1 billion UAH. This situation could not but affect the hryvnia exchange rate.
What to do if you bought currency at a high price?
During the crisis and strong dollar fluctuations, many of us try to save our savings in every way and run headlong to exchange offices. A kind of rush is created, cash is hard to find, and dollar rises. As a result, those who bought into the panic begin to get nervous, cursing everyone - the experts, the world government, Freemasons, aliens, but this is not the solution. If you bought currency is expensive, you need to act quickly and sensibly. We'll tell you how to use an expensive currency purchase to your advantage in the future.
The exchange rate of the cash dollar dropped below 26.8 hryvnia
According to the information as of 12:20 posted in the Service МІНЯЙЛО APPLICATIONS it is clear that the total volume of orders "Buy USD" is less than "Sell" (27.8 million and 35.5 million UAH respectively).
The dollar lost kopecks. The market is waiting for an increase in the supply of American currency
On April 19, the interbank foreign exchange market started with a slight depreciation of the dollar by 1-2 kopecks. Quotes ranged from 26.80-26.82 hryvnia/$, whereas earlier on Tuesday the market closed at 26.81-26.84 hryvnia/$.
Already in May, Ukraine plans to introduce a monthly fee for heating: you have to pay money even in the summer
In addition to the subscription fee for heating, according to the memorandum with the IMF, Ukrainians will also have to pay a subscription fee for gas.
The dollar slowed its fall by Easter
As of today, April 14, The National Bank of Ukraine (NBU) has set the following rates of major foreign currencies against the hryvnia:
The NBU explained why prices are rising
The National Bank of Ukraine said that the acceleration of inflation to 15.1% in March exceeded the expected level.
The National Bank of Ukraine issued a new coin worth 570 hryvnia
The National Bank of Ukraine has issued a new commemorative coin. It is dedicated to the lion and its embodiment on the cultural monuments of Kievan Rus.
The dollar exchange rate in Ukraine has fallen below the psychological mark
Euro and ruble also became cheaper in the NBU's official rates.
The NBU increased the exchange rate of gold by 0.3%
According to the National Bank on the official rates of bank metals, as of April 7, 2017, the cost of gold is 339431.58 UAH per 10 troy ounces (+1109.56 UAH or +0.3%); silver -; 4937.68 UAH per 10 troy ounces (-21.19 UAH); platinum -; 260976.14 UAH per 10 troy ounces (+811.99 UAH); palladium -; 221138.66 UAH per 10 troy ounces (+2253.17 UAH).
The dollar rate in Ukraine has fallen, but it will not last - experts
The hryvnya showed one of the weakest strengthening against the dollar among the currencies of the CIS countries
The currencies of the CIS countries showed one of the weakest strengthening against the dollar
The currencies of CIS countries showed predominant strengthening against the dollar in the first quarter of 2017. The largest increases were recorded for the Georgian lari (7.6%), the Russian ruble (7.1%) and the Kazakh tenge (5.6%).
In the first quarter of 2017, the CIS currencies showed mostly strength against the dollar.
The expert named the condition of further financial support for Ukraine
The West must offer Ukraine more assistance if Ukraine is to make greater efforts to reform the state, Stephen Pifer, director of the Arms Control Initiative at the Brookings Institution, said during the 10th Kiev Forum, organized by the Arseniy Yatsenyuk Foundation "Open Ukraine".