What is more profitable in August 2026: buying dollars or investing in hryvnia OVDP? Experts have provided yield calculations and advice on capital preservation.
Exchange rate in Ukraine / © TSN
Economic experts have explained where it is currently better to invest savings and whether it is worth buying foreign currency.
This is reported in an article by TSN.ua.
Buying currency as “insurance”: arguments for increasing the dollar share
Economist Andriy Zablovsky believes that now is a good time to increase the foreign currency component of one’s investment portfolio.
“If hryvnia OVDPs work ideally for capital growth, and hryvnia deposits serve as a tool for quick liquidity, then cash dollars are the basic anchor of savings security. This makes buying currency now a safe long-term step, which, however, does not yield high interest. It is worth buying euros now if future expenses (trips, education, purchases) are planned specifically in the European currency,” explained Andriy Zablovsky.
Financial analyst Andriy Shevchyshyn holds a similar view. According to him, one should buy currency not for quick enrichment, but for risk minimization.
“The situation is shaping up to be so complex that buying currency should be considered not so much as earning, but as insurance, so I am for buying,” argued Andriy Shevchyshyn.
Hryvnia beats dollar by 3.15 times: Oleg Pendzyn’s calculations
In contrast, economist Oleg Pendzyn is convinced that there is no reason for panic and advises to continue using hryvnia instruments for maximum profit.
“Based on my vision of the macroeconomic, financial situation in Ukraine, one should not fear a hryvnia collapse and seek salvation from the depreciation of savings in foreign currency. But existing cash currency should not be sold; it is better to invest in hryvnia instruments with new income,” believes Oleg Pendzyn.
The economist provided specific calculations for the period from January 2025 to July 2026 (1 year and 7 months):
-
Investment in hryvnia OVDPs: A person who bought OVDPs for 1000 UAH monthly with an average yield of 15%, gradually invested 19,000 UAH over 19 months and received 20,375 UAH (net profit – 2137 UAH).
-
Buying cash dollars: Similar monthly investments in cash dollars over the same period would have yielded only 755 UAH in profit.
Thus, the profit from OVDPs turned out to be 3.15 times higher than from buying currency.
According to Pendzyn, from January 2025 to August of the current year, the hryvnia depreciated by 6.7% at the official rate. And the break-even point, at which monthly dollar purchases will start to outperform OVDP yields, is possible only if the exchange rate jumps to 54 UAH/dollar.
Related Topics
Exchange rate Comments Sort: New Old Popular Send