UAH affected by RUB decline

UAH affected by RUB decline



15 січня 2015 года
ICU

Although the hryvnia's nominal value appears to have stabilized, its trade-weighted value has been seriously affected by the ruble's ongoing decline. The Russian currency gained 0.86% yesterday, down 6.45% year-to-date. As the ruble declines, the hryvnia's trade-weighted value increases as if other currencies are assumed to be stable. As Ukraine's inflation has far outpaced Russian inflation over most of the past year, the hryvnia's nominal rate most likely will be pressured to depreciate to compensate for the trade-weighted increase.

Источник: ICU

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