KYIV, April 10 – The International Monetary Fund (IMF) uses the average annual forex rate set at UAH 28.681 per U.S. dollar for 2019 and UAH 29.958 per U.S. dollar for 2020 when converting GDP in hryvnias to U.S. dollars in its updated April 2019 World Economic Outlook, which is almost the same as in the previous outlook issued last October.

Then the IMF projected the weakening of the hryvnia to UAH 28.655 per U.S. dollar in 2019, and to UAH 29.925 per U.S. dollar in 2020.

According to the IMF's updated estimates, the Ukrainian currency may weaken to UAH 30.55 per U.S. dollar in 2021, to UAH 31.01 in 2022, to UAH 31.47 in 2023 and to UAH 31.94 in 2024.