"In the first 28 days of November, Ukrainians purchased $1.227 billion," said financial expert Anna Zolotko.

"General devaluation expectations traditionally strengthen in December due to anticipated additional pressure on the hryvnia from increased budget expenditures at the end of the year. Last week, the average daily trading volume on the interbank market exceeded $213 million, which is $20-30 million higher than the "standard" figures of recent months. Additionally, the National Bank raised its interventions over the week to $708.5 million, which is $118.5 million more than the figures from the week before last. Nevertheless, the increased demand impacted the exchange rates, and by the last Wednesday of November, they reached 41.64 UAH/USD. At the beginning of the first trading sessions in December, the price of the US dollar on the stock exchange reached levels of 41.69 UAH/USD.", — said Anna Zolotko.

In her opinion, the fluctuations in the exchange rate are influenced by the end of the calendar period, the closure of foreign economic contracts, and especially heightened budget expenditures.

"Increased devaluation expectations among Ukrainians persist. In the first 28 days of November, their net purchase of foreign currency amounted to $1.227 billion, which is not much less than the figures for October. Of course, the public is not the key buyer of currency, but this data indicates widespread heightened devaluation expectations among all economic agents. Under these conditions, they tend to avoid delaying currency purchases, leading to concentrated demand and stimulating an increase in the exchange rate. I would like to note that the National Bank continues to adhere to its established strategy and makes significant efforts to prevent excessive exchange rate fluctuations. However, the regulator should not resist market trends too strongly, so during the mentioned periods of intensified concentrated demand, the rates slowly trend upwards," — says Anna Zolotko.

We remind you that economists believe that the situation in the currency market will develop according to a devaluation scenario in the near future, and the hryvnia will gradually lose its position.