After a tumultuous start to the year, the situation on the currency market has gradually entered a period of relative calm. At the same time, the market will remain quite active, and the NBU's strategy for balancing supply and demand will continue to be in effect.
This was stated in a comment to RBK-Ukraine by Taras Lesovoy, head of the treasury department at Globus Bank.
"Thanks to currency interventions, it will be possible to satisfy demand and significantly narrow the opportunities for exchange rate maneuvers," he said.
Additionally, according to him, the following key factors will influence the currency market from February 3 to February 9:
"It is important to note that the implementation of the 'managed flexibility' regime is the most significant aspect for understanding the future situation in the market. Thanks to this strategy, it is possible to avoid sharp exchange rate changes; the interbank market remains dominant (banks and exchange points base their rates on interbank rates, forming their own rates), and current exchange rate fluctuations are relatively minimal," Lesovoy emphasized.
As the banker noted, the main characteristics of the currency market for the upcoming week will be as follows:
"Thus, from February 3 to February 9, one should not expect any surprises from the currency market: exchange rate changes will remain quite predictable. As was the case a week ago, the main currency fluctuations will occur within the range of 42-42.3 UAH/USD," Lesovoy concluded.