Conclusion
Summing
up we can say that the hryvnia has a long and interesting history.
Making
forecasts for its existence, we can say that if the situation on the
currency market in the country as a whole does not change, the
hryvnia can be impaired.
Official
NBU exchange rate at moment of introduction UAH 1.76/USD 1.
In
the period from 21 April 2005 through 21 October 2008 the exchange
rate was pegged at around UAH 5/USD 1. In 2008 when global financial
crisis hit, the hryvnia was devalued to about 8/USD 1. Because of
known economic problem called impossible trinity, having a fixed
exchange rate and free movements of capital (i.e. cross-border
lending) have undermined National Bank of Ukraine's ability to
conduct independent monetary policy.
References:
1)
en.wikipedia.org;
2)
www.grivna.org.ua;
3)
finance.ua;
4)
uah. fxdata.ru;
5)
fxtalk.info;
6)
novosti.dn.ua.
7)
www.foreignexchangeservice.co.uk
