KYIV, Oct 28 – JP Morgan analysts have improved their forecast for the hryvnia exchange rate by the end of 2019 to UAH 25 per $1 from UAH 25.5/$1 a month earlier, although in August they said that the hryvnia could drop to UAH 28/$1.

According to the updated forecast of JP Morgan on October 22, in the first quarter of next year the hryvnia may drop to UAH 25.5/$1, in the second quarter to UAH 26.3/$1, and in the third quarter to UAH 27/$1.