Dollar or Euro - What to Expect from the Exchange Rate and What is Better to Buy.

In recent days, there has been a strengthening of the dollar against the hryvnia in the currency market. As of July 17, the average selling rate of the dollar has increased by another 5 kopecks, to 42.05 hryvnias. Meanwhile, the euro rate has slightly decreased - to 49 hryvnias. In exchange offices, the dollar can be purchased on average for 41.55 UAH, while the euro - for 48.00 hryvnias.

News.LIVE investigated which currency to invest in now to save money, and whether the dollar will continue to strengthen in the near future.

What is Happening with the Dollar

Despite minor fluctuations in the dollar-euro pair on the currency market, Ukrainians should not rush to exchange offices and buy American currency, hoping for its further growth, believes the head of the analytical direction of the National Interests Protection Network 'ANTS' Ilya Neskhodovsky.

According to him, thanks to the strict policy of the National Bank, there are no significant currency fluctuations in Ukraine.

'The National Bank is currently maintaining the dollar rate, having the largest gold and foreign exchange reserves, and this is correct. That is, there will be no significant devaluation of the dollar, and there will be no significant strengthening. Fluctuations will be within 41-42 hryvnias per dollar. It may strengthen a little more, by 50 kopecks, but definitely not above that. But overall, fluctuations will be within 41-42 hryvnias per dollar.'

According to him, this allows importers and exporters to calmly plan their activities with the least currency risks, which will generally positively reflect on the Ukrainian market.

What is Happening with the Euro

According to the economist's forecast, the euro is unlikely to cross the psychological mark of 50 hryvnias in the near future.

'The situation with the euro is different. Regarding this European currency, we fluctuate according to how the dollar-euro ratio changes in the world market. And there, the dollar is weakening. Accordingly, the euro rises against the American currency. That is why we have been observing an increase in the European currency recently. However, we will not see it crossing 50 hryvnias for the euro in the near future.'

Where Can You Invest Funds in the Near Future

If a person already has savings in various currencies, then currently, according to Neskhodovsky, there is no need to radically change their currency basket.

'I recommend that if there are already significant savings, hold them in different currency baskets. Yes, there is a general trend towards the weakening of the dollar against other currencies. However, considering that we do not observe a dollar surge, its percentage in the overall list of savings can be reduced, but not significantly, by about 20 percent.'

He also added that when it comes to the euro, there will be no significant fluctuations, and the income from such deposits is quite low. Therefore, there is currently no sense in heavily investing in this currency. According to the expert, the most profitable are government bonds - 14-15% per annum. So, it makes sense to consider bonds as a possible source of income.

Ukrainians are advised to refrain from trading currencies, as the national currency is stable, and no fluctuations in the exchange rate are expected. Currency risks can be reduced by diversifying currency savings. Regarding investments, government bonds may be a lucrative option due to the relatively high level of income.