High Inflation: Ukrainians Were Told What to Expect from the Exchange Rate.

The National Bank of Ukraine reported that high inflation will not lead to the devaluation of the hryvnia. Anton Kurinny, a dealer in OTP Bank's Global Markets Department, stated that the regulator supports the market and an appreciation of the hryvnia is expected, but this will be temporary due to the unstable situation with attracting external financing. The exchange rate of the hryvnia will also be influenced by seasonal factors. It is predicted that by the end of March, the dollar will reach 42.7 hryvnias, but if the National Bank takes steps to reduce inflation, the increase will be smaller.

Earlier, analysts had already revealed forecasts regarding the future exchange rate of the hryvnia by the end of the year.