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In March 2024, the Ukrainian hryvnia entered the top 10 weakest currencies in the world, taking the seventh position.
Economist Andriy Shevchyshyn reported this on his Facebook page.
Over the past month, the Ukrainian currency has depreciated by 2.65% against the dollar. The Egyptian pound occupies the first place, having fallen by almost 35%. At the same time, the leaders in growth against the dollar are the Nigerian Naira and the Kenyan Shilling.
Earlier, the international rating agency S&P Global Ratings forecasted a devaluation of the hryvnia by 8% against the dollar by the end of 2024, to 41.02 UAH/$. This figure is indicated as a forecast in the agency’s latest report on Ukraine.
In predicting the devaluation of the hryvnia, S&P analysts note that they expect Ukraine to receive international assistance totaling $122 billion by 2027, including $43 billion already disbursed in 2023 and an expected $38 billion in 2024.
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