Double blow to the hryvnia: Analyst explained why the dollar and euro exchange rate will rise sharply.

Financial analyst Oleksiy Kozyrev warns that next week will be tough for the Ukrainian currency market due to external and internal factors.

"The global situation is escalating due to events in the Middle East, where there is a conflict between the USA and Iran. This may affect the rise in oil prices and the global currency market"

In the domestic market of Ukraine, the dollar exchange rate is rising due to increased demand for currency from energy companies. Along with the dollar, the euro exchange rate is also rising, which, according to Oleksiy Kozyrev's predictions, may approach the mark of 49 hryvnias.

Pressure on the hryvnia is increasing

The termination of the trade visa-free regime for Ukraine also affects the market situation, reducing the volume of foreign currency revenue from exporters and increasing demand for currency. This, along with other factors, will force the National Bank to constantly intervene in the market to maintain the stability of the hryvnia exchange rate. It is predicted that the regulator will have to sell from $520 to $820 million, but this is not a critical amount given Ukraine's existing international reserves.

The Ukrainian currency market promises to be tense next week due to external and internal factors, such as the conflict in the Middle East, increased demand for currency, and the termination of the trade visa-free regime. The National Bank will have to actively intervene to maintain the stability of the hryvnia in the international market.