USD Exchange in Ukraine

by Olha Povaliaieva
Friday, December 24, 2021
5 MIN
USD Exchange in Ukraine

How the dollar exchange rate has changed in 2021

The beginning of the year

On the eve of 2021, many market experts said that the hryvnia would become stronger in the coming year. For example, Vasyl Nevmerzhitskyy from Creditvest Bank shared his exchange rate forecast for 2021 with Banker.ua. The expert assumed that the national currency would strengthen this year, and the average rate in Ukraine would reach ₴27.5/$.
A "situational" drop to the level of ₴29 (UAH)/$ is possible only at the peak moments, which will be at the beginning and end of the year. I am convinced that in 2021 the average annual exchange rate of the hryvnia to the dollar will not reach the target of 29.1 hryvnia/dollar in the budget," the analyst noted.
On January 4, trading on the interbank market opened with an increase in the dollar rate and a decrease in the value of the euro. Thus, the dollar exchange rate in the purchase price went up by 3 cents, and in the sale — by 2, and amounted to ₴28.33-28.35/$.
In mid-January, the dollar stopped falling on the interbank market. So, the dollar exchange rate on January 14 was at the level of 28.02-28.04 ₴/$.
And by the end of the first month of the year, the dollar changed its tactics on the interbank market. On January 29, trading on the interbank market opened with a slight increase in the dollar rate and a weakening of the euro. Thus, the dollar rate increased by 1 cent — both in purchase and sale, amounted to ₴28.13-28.15/$.
By mid-February, the dollar and euro fell sharply on the interbank market. Thus, the dollar rate fell by 15 cents in both directions and amounted to ₴27.79-27.81/$.
And the dollar began March with a new offensive. The rate went up in buying and selling and amounted to ₴27.97-27.99/$.
By the end of the month, the currency was already rushing down. The dollar fell to ₴27.82-27.84/$.
A month later, the dollar began to depreciate on the interbank market. On April 30, trading on the interbank market opened with a decline in the dollar exchange rate. So, it decreased by 1 cent, and on sale — by 2, and amounted to 27.70-27.72 ₴/$.

Middle of the year

By the beginning of June, the dollar and euro had collapsed. On June 2, trading on the interbank market ended with a drop in foreign exchange rates. So, the dollar rate fell by another 8 cents — both buying and selling and dropped to ₴27.31-27.33/$.
On the last day of June, trading on the interbank market opened with a symbolic decline in the dollar exchange rate. The exchange rate fell by 1 cent to ₴27.17-27.19/$.
A month later, the dollar accelerated its decline in the interbank market. The rate of the American currency fell to ₴26.95-26.97/$.
In mid-August, the dollar spread its wings. Thus, the rate rose both in buying and selling and amounted to ₴26.65-26.67/$.
September began with overcoming the psychological mark. Thus, the dollar rate increased by another 9 cents to ₴27.02-27.04/$.
By the middle of the month, the dollar slid down again. So, the rate was 26.62-26.64 ₴/$.
And on the last day of September, the dollar again changed its tactics on the interbank market. On September 30, trading on the interbank market ended with a weakening of the dollar. Thus, the dollar rate in the evening decreased by 5 cents — both in purchase and sale and amounted to ₴26.56-26.58/$.

The end of the year

October began with the strengthening of the dollar. The exchange rate increased by 3 cents to ₴26.61-26.63/$.
In the middle of the month, the dollar began to fall in price. On October 19, trading on the interbank market opened with a fall in the dollar rate and an increase in the cost of the European currency. Thus, the dollar fell by 3 cents — both in buying and selling and now its rate amounted to ₴26.27-26.29/$.

On November 1, the dollar went up. The dollar rate increased by 4 cents and amounted to ₴26.29-26.31/$.
In the middle of the month, it has already approached ₴26.50/$ level on the interbank market. So, on November 16, trading on the interbank market ended with an increase in the rate of the American currency. In particular, the dollar rate based on Tuesday's trading rose by 14 cents — both in purchase and sale, and amounted to ₴26.47-26.49/$.
On the first winter day, the dollar accelerated its growth on the interbank market. Thus, the dollar rate increased by 16 cents to ₴27.32-27.34/$.
And on December 17, the dollar and euro soared up ahead of the weekend. So, the dollar rate on Friday evening increased by 5 cents — both in purchase and sale and amounted to ₴27.25-27.27/$.

How much will the dollar cost before the New Year

The dollar exchange rate on the interbank market will fluctuate within the range of ₴27.15-27.50/$. Anna Voluychak, who heads the treasury department of Unex Bank, voiced this forecast.
Serhii Gnezdylov, head of the department for work on international markets and money circulation of Radabank, predicts the rate at the level of ₴26.95/27.25 /$ course in the corridor 27-27.45 ₴/$.
Director of the treasury department of Idea Bank Yaroslav Kabyn believes that by the end of this year, the exchange rate corridor will be ₴26.80-27.40/$, while Herman Marchenko, head of the treasury department of ComInBank, predicts the rate next week at 27.00- 27.50 ₴/$.

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