Last week Ukrainians had been watching grivna’s falling down. Currency exchange centers sold $1 per 5,15-5,19 grivnas. The reality is shocking, indeed. What will happen to our national currency then?

Last week was the most decisive for Ukraine’s currency market. The available grivna rating had been decreasing rather smoothly, meanwhile, the National bank of Ukraine had been keeping up with the highest point of intervention corridor fixed for cashless rate.

According to experts, Ukrainians were faced with grivna’s rate decrease, because the government had managed to pay off social debts in full. Consequently, available funds in cash increased drastically and so did the foreign currency rate.

That the growth of grivna incomes is far ahead of Ukraine’s GDP growth can only aggravate the situation. It is evident, groundless rises in payments can not contribute to welfare of an average Ukrainian.

Besides, national currency decrease is being influenced by the current political situation and unsolved debates on natural gas import and transit. What’s more, the general level of export incomes in foreign currency has also been decreased, LIGA informs.

On the other hand, one should keep in mind that political campaign does no favor to national currency stability. “Nevertheless, it is difficult to forecast anything because too many factors might influence the market of finances”, said Oleg Kolodiy, chief economist of Commercial Bank. 

As a reminder, currency exchange centers established the following average rate last Friday: $1 per 5,15-5,19 grivnas, 1 EUR per 6,15-6,25 grivnas, 1 RUB (Russian ruble) per 0,175-0,181 grivnas.