The dollar will freeze, and the euro will surprise: the expert gave a forecast for the exchange rate in July.

In July, the exchange rate of the Ukrainian hryvnia against the US dollar will remain stable, but regarding the euro, greater instability is noted. It is predicted that the dollar will fluctuate within the range of 41.6-42.2 hryvnias without sharp changes, while the euro may vary from 46.5 to 48.5 hryvnias.

The director of the financial markets and investment activities department of Globus Bank, Taras Lesovyi, emphasized that the National Bank of Ukraine remains open to controlling the currency market through a regime of 'managed flexibility'. This allows avoiding sharp changes in exchange rates.

Inflation forecast

Forecasting July inflation at no more than 0.5%, Lesovyi also indicated a possible decrease in annual inflation to 13-14%. With such indicators, it is likely that the National Bank of Ukraine will keep the discount rate stable at 15.5% at the next meeting on July 24.

Euro exchange rate forecast

The euro exchange rate remains less predictable. It significantly depends on international quotations of the dollar against the euro. Various economic relationships between the USA and the EU, as well as the conflict between Israel and Iran and its impact on the energy market, may influence the dynamics of the exchange rate. It is predicted that the euro exchange rate may fluctuate within the range of 46.5-48.5 hryvnias.

In general, experts believe that the currency market in July will be active, but significant strategic changes in exchange rates are not expected.

Analyzing the forecasts of specialists, one can predict the possible dynamics of the exchange rate of the Ukrainian currency in July. It is important to consider various factors such as international events and the state of the domestic economy of the country, which may influence exchange rates.

The exchange rate of the Ukrainian hryvnia in July will remain stable against the dollar, but there are forecasts regarding increased instability against the euro. The director of Globus Bank emphasized that the National Bank of Ukraine controls the currency market to avoid sharp fluctuations in the exchange rate. A decrease in inflation and the possible retention of the discount rate within certain limits is also predicted.