Hryvnia slides almost 6% to dollar in January and expects to weaken in February

Ukraine’s national currency at the official exchange rate since early January decreased by 5.7% against the U.S. dollar to UAH 25.03, the finance.ua reports.

According to the National Bank of Ukraine, during this period, the hryvnia decreased by 4.7% to the euro, to UAH 27.66. The NBU believes that the hryvnia exchange rate can fluctuate both toward strengthening or maintained a four-year high. Experts predict that in February hryvnia FX will continue to drop.

See also: NBU weakens official forex rate to UAH 24.84 to dollar for Jan 30.