Ukraine: Hryvnia Expected to Weaken Slightly

Politics ♦ Published: February 21, 2013; 19:23 ♦ (Vindobona)

Hryvnia enjoyed good support at the market in early 2013 amid diminished depreciation expectations and accelerated debt inflows, Raiffeisen Research reports.

Ukraine: Hryvnia Expected to Weaken Slightly / Picture: ©

After temporary slide to 8.00-8.02 range in the late 2012 and first weeks of 2013, USD/UAH exchange rate jumped back to 8.14-8.15 with the resumption of normal business activity after the holiday season. The exchange rate quotes remained at that level for most of the last four weeks, but recently hryvnia managed to gain few points against US dollar and strengthened to…