The Ukrainian foreign exchange market has instability, in particular due to fluctuations in dollar and euro. Financial analysts note that it is difficult to predict the further development of the situation, because the main factor of uncertainty is the intensification of political processes, including peaceful negotiations on Ukraine. International financial assistance and domestic economic reforms also have influence on the foreign exchange market.
One of the noticeable trends is to increase demand for foreign currency deposits among Ukrainians, who often prefer foreign currency deposits instead of traditional hryvnias. However, experts say that the transition of hryvnia deposits to currency does not change the situation in principle: interest rates on foreign currency deposits are much lower, and they are less protected from inflation. Oleg Pendzin, an economic expert, notes that many Ukrainians transfer their deposits into currency, not taking into account important points. He advises investing in the hryvnia bonds (domestic government bonds), as this allows them to sell them at any time, and the state guarantees the preservation of the invested funds. However, such investments require large amounts of $ 1,000, which is not always available to average depositors. Ukraine's economic stability is currently depends on foreign financial support, but after the possible signing of a peace agreement, the situation may change dramatically. He suggests that the hryvnia can be depreciated, so he advises to invest in dollars while their course is relatively low and refrain from buying the euro, waiting for its possible cheaper. A more balanced approach, distribute free funds into different "baskets", which will avoid sharp changes in foreign currency positions due to short -term fluctuations in the rate. He advises to create a diversified investment portfolio, maintaining a balance between currency and hryvnia, for example, through ATPs or deposits.
Experts unanimously do not recommend selling currency without urgent need. In conditions of instability, it is necessary to keep currency assets and keep the balance in the portfolio to minimize risks. Despite the complexity of forecasts through political processes, experts are convinced that in the near future, the situation in the foreign exchange market will remain relatively calm, especially if international assistance will continue to enter Ukraine and political processes will not lead to sharp economic changes.
