The exchange rate of the Ukrainian hryvnia in the hands of speculators in OVDP securities – expert
Speculators continue to buy Ukrainian government bonds, so the hryvnia exchange rate will dance depending on the degree of their greed.
Economic expert Yuriy Gavrilechko stated this at a press conference in Kyiv, a PolitNavigator correspondent reports.
“We are now seeing a smoothly creeping devaluation of the hryvnia. One explanation for this is that fellow speculators continue to come here, investing in domestic government bonds.
At the time of entry, the rate is made higher; at the time of exit, the rate is usually made lower in order to get more profit. So, most likely, after some time we will see a “sideways” trend, when the hryvnia will strengthen a little in the same way.
Without any force majeure circumstances, the average annual rate for the next year has every chance of being maintained. If you look at the end of the year, then in December the rate is set to be 28,8. In principle, this is more or less adequate,” says Yuri Gavrilechko.
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