Experts forecast currency rate growth

Recently, news spread across all media outlets that the dollar exchange rate will rise to 30 hryvnia in the near future. Some predict an increase as early as the new year. Others forecast a gradual rise. One thing is clear – after its recent strengthening, the hryvnia will begin to fall again.

Moreover, according to experts, the current exchange rate will lead to losses for agricultural enterprises and exporters. In other words, the currency is simply unprofitable. There is only one way out – to gradually lower the exchange rate of the national currency.

And while the situation with the government is perfectly clear, the question of what ordinary people should do to avoid losing the remainder of their savings remains open. Many recommend considering buying foreign currency right now. Specifically for this purpose, “Obmenka Kyiv” exists, which allows you to exchange cash hryvnia for dollars or euros at a branch.

What to pay attention to

When buying foreign currency, one should pay attention to a number of factors:

·         Exchange rate. This is the main indicator. It is important to understand that by the time a person gets to the bank, the rate may have changed. To avoid such an unpleasant situation and buy currency in Kyiv at the previous price, it is worth booking the required amount in advance on the website. In this case, the exchange rate is fixed for one hour.

·         Exchange location. Any fluctuations in the foreign exchange market benefit speculators and fraudsters. One should not exchange currency on the street in Kyiv with dubious individuals. Preference should be given only to specialised branches.

·         Amount. At a currency exchange office, one can book exactly the amount needed. In this case, there is no need to run from bank to bank and buy 100 dollars at each of them, as often happens during periods of market volatility.

The exchange rate in Kyiv usually differs little from the regional rate. However, the capital’s market sometimes reacts much faster to any adverse changes. Therefore, a potential investor should keep a close eye on the situation. Otherwise, one might miss the moment with the most favourable price.

To avoid this, one will have to regularly monitor the currency exchange rate in Kyiv today and on all subsequent days when a purchase is planned.