REUTERS
Hryvnia quotes against the dollar may fall to UAH 30 per the dollar in the coming weeks, but is predicted to strengthen at an average of 27 UAH/USD as the country resumes cooperation with its key lenders, expecting the receipt of the next loan tranches, said experts of the European Business Association.
In particular, Tomas Fiala, Chief Executive Officer of Dragon Capital, said he expects the hryvnia exchange rate at 30 UAH/USD, adding that the situation will depend on prospects of further cooperation with macro-financial organizations.
"If we get loan tranches, the situation will become more manageable," he said.
In turn, Ansgar Bornemann from Nestle Ukraine forecasts the average hryvnia exchange rate at about 27 per dollar.
Representative of Raiffaisen Bank Aval, Volodymyr Lavrenchuk, said he saw no reason for a drastic weakening of the national currency. However, he does not rule out any scenario, he said. Lavrenchuk believes that the banking system will operate smoothly in 2016, and he calls on citizens to keep their deposits in the hryvnia.
Read alsoClose to panic: Russian currency falls more than RUB 3 in half hourAs UNIAN reported earlier, the state budget for 2016 predicts the hryvnia exchange rate at 24.1 UAH/USD.
Governor of the National Bank of Ukraine Valeria Gontareva stated in late December 2015 that the hryvnia exchange rate forecast in 2016 was realistic, but she pointed at some risks such as the downside risk in global foreign markets, in particular, the decline in commodity prices and the cycle of Fed rate increases, which creates pressure on currencies of the developing countries.