Fitch: hryvnia devaluation will exceed UAH 32 to the U.S. dollar by 2021

Open source

Fitch Ratings predicts the devaluation of the hryvnia to the U.S. dollar in 2019 at UAH 30.7.

According to the Fitch agency’s outlook published on the website, in 2020 the Ukrainian hryvnia will further slide to UAH 32.3/USD.

Earlier, the international rating agency S & P Global Ratings predicted the devaluation of the hryvnia by the end of 2019 at UAH 30.30/USD, by the end of 2020 – at UAH 31.20/USD, and in 2021 – to UAH 32.10/USD.

Note that Fitch Ratings confirmed the Ukraine’s long-term foreign currency Issuer Default Rating (IDR) at the level «B-», with a stable outlook.

As The Journalist reported, the National Bank of Ukraine stated that it is not obliged to keep the hryvnia exchange rate.