Dollar at 50 hryvnias this year: NBU explained whether a sharp jump is possible

The National Bank does not name a specific hryvnia exchange rate for the end of the year and does not forecast whether the dollar will reach 50 hryvnias. At the same time, the regulator assures that it is working on stabilizing the foreign exchange market and containing inflation.

This was reported by NBU Deputy Governor Volodymyr Lepushynskyi.

According to him, the NBU traditionally does not give forecasts for a specific numerical exchange rate. The regulator focuses on avoiding sharp fluctuations and maintaining price stability.

Lepushynskyi emphasized that the NBU’s practice in the foreign exchange market indicates a controlled exchange rate dynamic. In his words, “the rate does not fly off into space.”

One of the National Bank’s main goals remains returning inflation to 5% and then keeping it close to that level. The NBU considers this an important condition for hryvnia stability and for reducing the risk of sharp currency jumps.

At the same time, the NBU did not give a direct answer as to whether the dollar will exceed 50 hryvnias this year. The regulator does not publish specific forecasts about the future rate.

On 13 October the official dollar rate was 44,95 hryvnias, which is 7 kopiykas more than the previous value. The euro fell by 7 kopiykas — to 50,24 hryvnias.

The Polish zloty also declined in price. Its official rate was 11,45 hryvnias, which is 3 kopiykas less than the previous figure.