KYIV, June 5 – Upward trends in the foreign exchange market and a favorable macroeconomic background have allowed Dragon Capital investment company to improve the forecast for the hryvnia exchange rate at the end of this year to UAH 39/$1 from UAH 43/$1.

The favorable macroeconomic environment and the improving situation in the FX market create opportunities for a return to limited exchange rate flexibility already this year, despite the fact that the hot phase of the war is likely to last longer than we previously expected (third quarter of 2023), the company said in a statement on Monday.