While martial law continues in Ukraine, the official dollar exchange rate is fixed at UAH 36.56, which has not changed since July 21, 2022. Rector of the International Institute of Business Alexander Savchenko told TSN what will happen to the dollar and whether it is necessary to exchange hryvnia for foreign currency.

He advised Ukrainians to convert currency if necessary and not expect the rate to get higher.

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“Hryvnia deposits now give 15-16%, and dollar maximum - 1-2%. That is, each person must simultaneously assess for himself the risk of hryvnia devaluation. If it is more than 12-13%, then you need to change it, and if people believe that there will be no such devaluation, then you don’t need to exchange it for dollars. And what will happen in reality depends on two important factors - international assistance and our successes at the front.. If Ukraine conducts a successful offensive and the end of the war is likely this year, then the hryvnia will hold its position somewhere around 37 hryvnia per dollar.

And if there are any failures or mistakes in economic policy, populist decisions, then the hryvnia may continue to devalue,” Savchenko stressed..

Earlier we wrote that on April 18, the dollar and the euro fell in price on the Ukrainian currency market.

Recall that, according to the results of a survey of company executives conducted by the National Bank in the first quarter of 2023, Ukrainian business, in addition to construction and trade, significantly mitigated negative expectations.