Expert opinion: the exchange Rate. Forecast for 15 -21 April

15.04.2019


currency exchange Rate forecast 15 -21 April from expert PRAVEX Bank Artem Krasovsky, Director of the Department of the Treasury and stock markets.

Last week never did any surprises in the foreign exchange market.

dollar / hryvnia during the week ranged from +/- 30 kopecks, that is, from 26,60 earlier in the week, to 26.90 in the middle. Closed week at the level of 26.70-75, which is almost identical to the closing level of the previous week.

If you do not take into account the additional supply of currency by foreign investors to buy government bonds in national currency that has already become habitual, demand and supply were quite balanced. The NBU was present on the market with interventions on purchase of foreign currency and thus gave the course "sink", although the amount of redeemed currency was already less than two weeks before.

Next week as the last before the decisive round of the presidential election may be more intense. This is due to the political news background and expectations of potential turbulence in the market to clarify the situation with the election results and reactions to them by market participants. At the end of the week can dominate the speculative mood that, together with the possible desire of exporters to hold foreign currency trading, can give impetus to the growth of the dollar. However, we expect that the timely actions of the NBU, as well as, an additional supply of currency by foreign investors to buy government bonds, will neutralize excessive pressure on the exchange rate.

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