Bankers are forecasting that the cash exchange rate on the currency market will stabilize by April.
"The situation is improving. The reverse trend is taking place, and it is powerful. We expect the dollar to revert to the positions from which it started in the next 2-3 days," said the European bank's Board Chairman Vladyslav Astapenko.
Astapenko also said that the recent fall of the dollar was due to panic among the population.
According to the Finances & Credit bank's Deputy Board Chairman Ihor Lviv, the current situation is temporary.
"I think that the dollar will return to its place within a week, that is the maximum," Lviv said.
He also believes that the hryvnia will be slightly strengthened in the future.
"I think that there will be a smooth strengthening of the hryvnia in the future. However, I would not do it now because the flow of hard currency into the Ukrainian market has slowed," he said.
Eric Naiman, the head of the department of issuance of financial securities at Ukrsotsbank, noted the stabilization of the dollar and expressed the belief that the situation in the future would depend on the National Bank of Ukraine.
"It depends on the National Bank. Local stabilization is already taking place at the level of 4.95-4.90, the market is thus far not going below," he said.
Naiman also said that the National Bank of Ukraine will have to intervene on the inter-bank currency by buying surplus hard currency for the dollar's exchange rate to return to its previous level.
As Ukrainian News earlier reported, the selling rate of the dollar in cash at commercial banks' currency exchange bureaus in Kyiv rose by 0.39 kopeck to 4.9476 UAH/USD while its buying rate fell by 0.54 kopeks to 4.7729 UAH/USD as of 10:30 on Tuesday, March 25, compared with 09:30 on the same day.
Press conference with Situations Modeling Agency entitled "Earlier Kharkiv elections: possible consequences and prospects for participants of electoral process"
