Hello. I am trying to understand the factors that influence the official exchange rate in Ukraine. Given the current economic challenges, what are the main variables that influence the exchange rate? What role do economic stability, government policies, and international market conditions play? I am also interested in learning what forecasts we can expect for future exchange rates and how these factors may impact both personal finances and business operations in the near future.
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There are several key factors that influence the official exchange rate. First, economic growth and stability play an important role; strong GDP, low inflation, and low unemployment tend to strengthen the national currency. Second, the monetary policy of the National Bank of Ukraine (NBU) influences the rate through interest rates and market interventions. Political stability also affects investor confidence, which can impact the exchange rate.