The dollar exchange rate could reach 46.5 hryvnias by the end of the year
Serhiy Mamedov, vice president of the Association of Ukrainian Banks and chairman of the board of Globus Bank, predicts that by the end of 2026, the dollar could rise to 46–46.5 UAH, and the euro to 52.5–53.5 UAH. At the same time, he urged Ukrainians not to panic and not to convert all their savings into foreign currency.
According to the banker, the hryvnia will not undergo a sharp devaluation, as the National Bank has sufficient tools to curb exchange rate fluctuations. At the same time, financial decisions should be made based on one’s own needs, rather than out of fear of a rising exchange rate.
Mamedov recommends diversifying savings by combining hryvnia deposits, domestic government bonds (OVDP), and foreign currency. According to him, hryvnia deposits remain attractive thanks to interest rates ranging from 14% to 17.5% per annum, while OVDPs have the added advantage of being tax-free.
The expert advises viewing foreign currency primarily as a financial reserve in case of unforeseen circumstances, rather than as the sole means of preserving funds.
The banker also emphasized that projected exchange rates are only a guideline, and Ukrainians should avoid making emotional decisions and plan their finances several months in advance.
This was reported by RBC-Ukraine, citing Mamedov’s podcast.
As a reminder, the National Bank of Ukraine set a new official exchange rate for July 15. The dollar will rise by 21 kopecks, bringing its value to 44.88 hryvnia.
As a reminder, the dollar and the euro remained virtually unchanged on the foreign exchange market on July 13. Currency exchange offices saw slight increases, while most major banks left their rates unchanged.
