What will the exchange rates for the dollar and the euro be by 24 May?

Tamara Vasylchuk
Tamara Vasylchuk Journalist
What will the exchange rates for the dollar and the euro be by 24 May?
What will the exchange rates for the dollar and the euro be by 24 May? Stock photo
Ukraine’s foreign exchange market is expected to remain relatively stable in the coming days, with no sharp fluctuations in exchange rates anticipated

This forecast was made by Taras Lesovyi, Director of the Financial Markets and Investment Department at Globus Bank, in a comment to UNIAN.

What will the dollar exchange rate be?

According to the banker’s forecast, the dollar exchange rate will remain within the range of 43.75–44.35 hryvnias until 24 May. Accordingly, 100 dollars will cost approximately 4,375–4,435 hryvnias. The expert notes that there are currently no grounds for a sharp revision of exchange rate targets, and the situation on the foreign exchange market remains under control.

What is the forecast for the euro

According to Lesovoy, the euro exchange rate will depend on the situation in global markets and the dynamics of the euro/dollar pair. The European currency is expected to fluctuate between 50.5 and 52.5 hryvnia. Thus, 100 euros could cost between 5,050 and 5,250 hryvnia in Ukraine.

What will the situation on the currency market be like in May

Taras Lesovyi also predicts that in May, Ukraine’s currency market will be influenced by both domestic economic factors and the external situation on global financial markets. In his view, over the course of the month, the dollar exchange rate may fluctuate between 43.5 and 44.5 hryvnia, and the euro exchange rate between 49.5 and 52.5 hryvnia.

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