The euro recently hit a historic low in 20 years. Currently, the EU currency has reached parity with the US for the first time since the fall of 2002.. Experts believe that the reason for the fall in the value of the euro is the gas blackmail of Russia, one of the key importers of blue fuel in the EU, the policy of high rates from the Federal Reserve System (FRS) and the war in Ukraine. However, for Ukrainians, the devaluation of the euro may be " How fluctuations in the exchange rate will affect Ukrainians writes Forbes.

According to the head of the analytical department of Concorde Capital Oleksandr Parashchey, the fall in the value of the euro will not particularly affect either Ukrainian immigrants or exporters. Since prices for most goods in Ukraine are formed in dollars.

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While Aleksey Blinov, head of the analytical department at Alfa-Bank, believes that the weakening of the euro is even beneficial for the Ukrainian economy, because Ukraine's foreign trade with the European Union is deficient. However, the state cannot yet take advantage of this advantage, due to the naval blockade of Ukrainian ports, which significantly limits dollar revenues to the budget..

A more unpleasant situation with the euro has developed for importers, says Mikhail Demkiv, financial analyst at ICU Group. Indeed, by the beginning of the Russian full-scale invasion of Ukraine in February of this year, the cost of goods imported into the country corresponded to 33.17 UAH/€, while now it is 29.50 UAH/€.

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“NBU will have to react to this,” Demkiv believes. - “Whether the regulator decides to let go of the official rate that importers are guided by, whether it will look for other ways, such as imposing an additional duty on critical imports in the amount of 10-15%, is not yet clear”.

The devaluation of the euro will have the least impact on Ukrainian migrants, since being abroad, citizens buy currency for hryvnia when paying for goods and services. Thus, they are “small importers” of euros to Ukraine.

“The weakening of the euro exchange rate is favorable for them, because it restrains currency risks in the conditions of fixing the hryvnia against the dollar,” Blinov believes.

Against the backdrop of a rise in the price of the US dollar, in Ukrainian banks, as of July 13, you can buy euros in PrivatBank for 36.7 UAH / €, Sberbank - 37.8 UAH / €, Raiffeisen Bank - 38.20 UAH / €.