Ukraine's hryvnia performs best against dollar since year-start - Bloomberg

10:15, 14 June 2018
Economy
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Photo from UNIAN

The hryvnia has gained 7.5% against the dollar this year, beating Georgia’s lari and Colombia’s peso for the top spot globally, according to Bloomberg.

The country is not without problems: foreign reserves are relatively low, corruption remains rife and government debt is high, the agency says. But, while delayed, the $17.5 billion rescue program from the International Monetary Fund has helped keep state finances in check.

bloomberg.com

As UNIAN reported earlier, Ukraine's national currency strengthened against the U.S. dollar by 0.5% in terms of its official exchange rate in May and by 0.7% in Jan-May.

The State Budget 2018 lays down the average annual rate of the hryvnia at about UAH 29.3/USD, to reach about UAH 30.1/USD by year-end.

Read alsoUkraine's National Bank simplifies money transfers

According to a survey conducted by the NBU in the first quarter of 2018, most Ukrainian businesses forecast the UAH exchange rate against the U.S. dollar in the next 12 months in the range of UAH 28-31/USD.

Hryvnia reached its historical minimum in February 2015, at UAH 30.01/USD.

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