Dollar and Euro Exchange Rate on Easter: Forecast for the Cash Market in Ukraine.

The working week on the currency market in Ukraine has been tense due to external and internal factors. The actions of US President Donald Trump regarding trade wars and the European Central Bank's decision to lower interest rates have significantly impacted currency behavior.

External Influencing Factors

The actions of the US President regarding trade wars peaked in the middle of the week, but the tension with the European Union is easing. However, the confrontation with China continues to escalate.

On April 17, the European Central Bank lowered rates by 0.25%. This led to fluctuations in the euro exchange rate in Ukraine.

Over the week, the cash euro fell by almost 24 kopecks. Cash euros in exchange offices were sold for 46.95-47.20 hryvnias.

Gold surpassed the $3300 per ounce mark due to the start of a US investigation into mineral imports.

Internal Influencing Factors on the Exchange Rate

The National Bank of Ukraine maintained the discount rate at 15.5% per annum. This decision forced market participants to adjust their strategies.

The period of calculations with the budget supported the hryvnia exchange rate. The National Bank of Ukraine conducted interventions by selling dollars.

From April 14 to April 18, the dollar on the interbank market depreciated by 5.5 kopecks. The cash dollar selling rate in exchange offices ranged from 41.00 to 41.25 hryvnias.

Forecast for the Weekend

During the Easter holidays, the supply of cash hryvnias will increase, which will boost the currency supply in exchange offices. Cash dollar and euro rates will vary.

Over the weekend, the cash dollar exchange rate in exchange offices is expected to be within 40.70-41.05 hryvnias, and the euro - 46.50-46.85 hryvnias.

It is also worth noting that gold has paused its record growth.