Dollar at 40 or 20: what to expect

In recent days, the news feed has been awash with highly contradictory forecasts regarding the dollar exchange rate for the coming year. Some suggest that the currency's price will soon spike to the 40 mark. Apparently, this is what the NBU is preparing Ukrainians for. At the same time, the cost of other currencies is expected to rise as well.

Meanwhile, others claim that the hryvnia's strengthening will continue and that the exchange rate will soon drop to the 20-hryvnia-per-dollar mark.

So, who is right? And what should Ukrainians expect?

First and foremost, before making an exchange, it is worth checking the ruble exchange rate in Ivano-Franksk on a specialised website.

Dollar exchange rate in 2020

In fact, the truth, as usual, lies somewhere in the middle. The budget for the following year assumes an exchange rate of 27 hryvnias per dollar. This is the most likely scenario for the development of events. Sooner or later, investors who have put money into OFZs will want to get their money back. The payout will inevitably lead to an increase in the dollar exchange rate.

Businessmen are also bracing for the devaluation of the national currency. None of them have lowered prices on imported goods. Moreover, many have paused in anticipation and have already announced price increases for their products next year.

Whether to stock up on currency or not

The strengthening of the hryvnia is no reason to relax. On the contrary, it is the perfect time to keep an eye on the exchange rate and start investing in foreign currency. This applies not only to the dollar and the euro. One can also buy rubles.

According to the Ukrainian-language search query «курс гривні до рубля» (hryvnia to ruble exchange rate), the indicators are at the 0.35–0.37 mark. The price on the black market differs from the official rate.

In the event of significant devaluation, the figures will change several times an hour. Some exchange offices allow you to reserve a rate for one hour. For example, this can be done through the website https://obmin24.if.ua/, which promises «обмін валют рублі на гривні» (exchange of rubles for hryvnias) at a specific rate.

60 minutes is more than enough to reach an exchange office and purchase the required amount. This is quite profitable and convenient. Especially since the hryvnia against the ruble is sure to fall at the same rate as against the dollar.

Currency has been and remains the best investment tool. Of course, it is unlikely that one can make millions on the exchange rate. But the main thing is to preserve one's savings. To do this, it is necessary to monitor the rate and make decisions promptly.