Euro strengthens: what the record rate means for Ukrainians and savings in dollars.

The euro exchange rate to the hryvnia has set a new record

The National Bank of Ukraine has set the euro exchange rate at 47.03 hryvnias, which is a new record. Commercial banks have also raised their rates.

The euro has risen due to uncertainty in the USA

The start of the high euro rate is a result of the sharp increase of the European currency compared to the US dollar. Experts attribute this to the political uncertainty arising from the actions of US President Donald Trump.

'Trump brought significant uncertainty to the political and economic situation in the USA, and this has affected the currency market. A global capital flow is occurring, revising the role of the USA as a 'safe haven'. This certainly affects exchange rates,' said Serhiy Fursha, a representative of the investment company Dragon Capital.

Experts recommend diversifying savings

Experts emphasize that one should not make hasty decisions regarding currency savings. It is advisable to distribute money among dollars, euros, and hryvnias for maximum risk management.

The future of the euro promises strengthening

At the moment, the dollar still has an advantage, but experts predict a strong strengthening of the euro in the future. This process will be gradual and will take some Time.

US policy affects the currency market

This situation in the currency market is linked to the uncertainty in the economic situation of the USA and the policy of our North American partner.