The Ukrainian currency market is expected to exhibit stability during the week of April 13-19. According to Taras Lesovyi, Director of Financial Markets and Investment Activities at Globus Bank, no significant fluctuations are anticipated, especially within the interbank sector.
Current Market Insights
Lesovyi noted that the exchange rates of the dollar and euro will likely be influenced by the unfolding situation in the Middle East. Demand for both currencies in the interbank market slightly exceeds supply, but the difference is minimal—around 10-15%—a situation manageable by the National Bank of Ukraine (NBU).
- There is currently no currency deficit in the cash market, attributed to reduced demand among the public during this spring period.
- The NBU may sell currency as needed to prevent significant fluctuations, though not in as large volumes as seen in March.