The sharp increase of UAH exchange rate, caused by seasonal factors and the increase of NBU refinancing rate from 14.5% to 16% per annum, made speculators switch to hryvnia instruments, Senior Analyst of Alpari Investment Company Vadim Iosub told Apostrophe. Economy.
“The profitability of hryvnia instruments automatically increased, and the speculators quickly switched from the currency to hryvnia instruments”, the expert said.
Senior Analyst of Forex Club Andrei Shevchyshyn noted the same trend on the market. According to his estimates, the instant increased of UAH exchange rate by 1.5 is a quite hard scenario.
“The interest in making money on the hryvnia became higher than the interest in making money on the currency”, Shevchyshyn said.
