Forecast for the Dollar and Euro Exchange Rates in Ukraine After the Easter Holidays in April 2025
In April 2025, the situation in Ukraine’s currency market shows stability, despite seasonal and systemic factors affecting exchange rates. This was reported by Taras Lesovyi, the director of the financial markets and investment activities department at Globus Bank, noting that after the Easter holidays, the currency dynamics will remain relatively stable.
This is reported by AgroReview
Main Trends and Monetary Policy of the National Bank of Ukraine
According to the banker, the National Bank of Ukraine will continue to implement a policy of “managed flexibility,” which means there will be no significant fluctuations in the exchange rate of the hryvnia. Changes will be moderate and stable, as the NBU conducts a monetary policy aimed at curbing inflation and supporting the stability of the hryvnia. This, in turn, affects the currency market, reducing its volatility.
Lesovyi noted that before the holidays, the supply of cash currency in the market increased by 10-15% due to the exchange of citizens’ currency savings in preparation for the festive days. At the same time, the economy is beginning to activate, particularly with the start of the sowing campaign, which also impacts currency dynamics.
Forecast for the Currency Market in April 2025
According to experts’ estimates, from April 21 to April 27, the situation in the interbank and cash currency markets will remain stable. It is expected that rates will fluctuate slightly and will be within the range of 41.1 – 41.6 hryvnias per dollar on the interbank market and 40.8 – 41.3 hryvnias per dollar in cash circulation. The difference between these rates will not exceed 1-1.5%, and fluctuations during the week will range from 1 to 1.5%, indicating relative market stability.
As for the euro, its exchange rate will depend on the global situation and its relationship to the dollar. Currently, due to economic uncertainty in the world and political decisions by key states, the euro will fluctuate within the corresponding ranges. However, considering the global trend, the dollar remains the main global currency, and temporary changes in exchange rates will not have a significant impact on Ukraine’s currency market.
“Despite this, the dollar remains the main global currency, so the current exchange rate changes are temporary, emphasized Lesovyi.”
Based on forecasts, stability in exchange rates is expected in the coming weeks, and the National Bank will continue to take necessary measures to prevent sharp fluctuations and support stability in Ukraine’s currency market.