How do you keep your finger on the pulse of currency change?
Many factors influence the changes in the currency rate, including foreign and domestic policy of the state, inflow and outflow of money from the territory of Ukraine, foreign 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. Please read further how to do this.
foreign exchange rates.
What affects the exchange rate?
According to the data of the NBU, in the first half of the year 2020, about 5 billion dollars were transferred by robots. Experts' estimates confirm that in January - June 2020 the volume of private transfers through formal and informal channels from abroad to Ukraine amounted to 5365 million dollars, and from Ukraine abroad - 246 million dollars. The most popular remittance corridors:
- to Ukraine money came from countries such as Italy, the U.S., Israel, Germany and Russia.
- from Ukraine, funds were sent to countries such as Georgia, Turkey, Russia, Poland, and Azerbaijan.
Also the outflow of foreign currency from Ukraine and, consequently, the growth of the U.S. dollar exchange rate against the hryvnia can contribute to the situation on the domestic debt securities market. Supply of currency at the Ukrainian interbank market is higher than demand, also owing to the investments of non-residents into hryvnia-denominated state debt securities. However, a significant portion of the securities will be redeemed in due course. Therefore there is good reason to believe that non-residents of Ukraine, i.e. foreign business structures, will withdraw at least part of their funds from Ukraine, having previously converted them into foreign currency, primarily the US dollar. As a consequence, such actions will push the dollar exchange rate in Ukraine up.
Significant slowdown of the economy, decrease of savings of the population, Ukrainian loans, these and many other problems also contribute to the fluctuations of the exchange rate.
How not to miscalculate the exchange rate?
Official exchange office is the most profitable solution when you need to buy or sell dollar, Russian ruble, euro or other currency, both for locals and guests of the city, it only remains to find a profitable rate and safely exchange currency.
The main principle is to keep calm and minimize all risks. In Ukraine the periodic growth and strengthening of the dollar continues from year to year. It is important to keep your hand on the pulse and study useful information before making a currency exchange.
The main principle is to stay calm.
There is no need to go to the exchange office all the time anymore, all the information is contained right on the website. "Bestrate" -not just a currency exchanger, but a Kharkiv financial portal where you can see the most current dollar, euro, ruble or British pound sterling exchange rates, study cross rate, read articles and learn other information in the financial field.
You can subscribe to our Telegram Channel and always get the latest exchange rates. Unlike other exchangers we offer a number of other features for our customers:
- Possibility to reserve the required volume of currency for 40 minutes and exchange it during this time.
- Beneficial wholesale rate, allowing you to exchange currency at it from $300.
You can not only make a profitable exchange, but also make money on any currency fluctuations.
The modern interface of the site allows you not only to find the exchange rate of interest in the exchanger and the interbank market, but also on its basis convert one currency to another to calculate the full cost of exchange. You can also find many useful banking and financial information on the site.
Years of experience, impeccable reputation, convenient location, safety of transactions, and, most importantly, the most favorable exchange rate are the key advantages of the "Bestrade" exchange offices network.