What will happen to the dollar rate by the end of the year

In a positive scenario, the dollar may strengthen to 38 hryvnias.

In case of defeats of the Armed Forces at the front, the dollar exchange rate in Ukraine may rise to 100 hryvnias, now it completely depends on the military situation.

This opinion was expressed by “Head of Government” director of the Institute for the Transformation of Society, political scientist, economist Oleg Soskin. According to him, the hryvnia will remain stable if our military does not allow the enemy to take a piece of Donetsk region, and also liberate occupied Kherson.

“Since 8 billion euros will arrive, the exchange rate will remain roughly the same as it is now – 40-45 hryvnias per dollar. Maybe it will even strengthen a little – up to 38,” the expert explained.

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Soskin warned that there is a worse scenario.

“If, God forbid, they give up these territories, and Russia starts an offensive on Mykolaiv and beyond, the exchange rate will reach 60 hryvnias to the dollar, for starters. And by the end of the year, if the situation “freezes” – 100,” the expert predicts.

We will remind you that on July 21, the National Bank of Ukraine increased the official exchange rate of the hryvnia by 25% to UAH 36.57/dollar. Already a few hours after the decision of the National Bank to weaken the official rate of the hryvnia, the cash rate went down sharply.

Source: Інформаційне Агентство УНІАН by www.unian.ua.

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