People are interested in the question of why the hryvnia is more expensiverubles. It seems that countries are close by. Many people consider Russia to be a very advanced state economically. But what then is the reason that the hryvnia is a stronger currency? This question is quite complicated. There is no unequivocal opinion. Therefore, this article is only hypothetical, based on known historical and economic data. Let's understand them.
In general, if we analyze the experience of many countries,one important conclusion can be drawn. The level of development of the economy is far from always connected with the exchange rate. For example, take at least Belarus. It among all countries of post-Soviet space takes almost the first place in terms of living standards. Why such a success in this country? After all, the Belarusian ruble is a very weak currency. But is the standard of living in this country high?
The fact is that Belarus is a country,oriented for export. The success of the country depends on the quantity of goods sold abroad. If we consider Russia and Ukraine, we can draw the following conclusions. Russia mainly exports oil. And all of its economy is tied to processing products. This makes the economy dependent on oil prices. Then why are the hryvnia more expensive than rubles?
As for Ukraine, in this country for exportthere is a very small proportion of goods. This is what makes it vulnerable in the future. This in no way can positively affect the rate of the hryvnia, which for almost 20 years now (the hryvnia was introduced in 1996) is constantly falling. First rate was 1.76 hryvnia per dollar. And now - 24 hryvnia. Thus, the currency has fallen in price a little more than ten times. But why are the hryvnia more expensive than rubles so far?
It seems that the crisis in this currency is not terrible.Despite the deplorable situation, the hryvnia continues to be a fairly strong currency. For the year after the crisis of 2014 (at the same time, the ruble gained in price), the prices grew disproportionately to the currency. It also means a lot. But why are the hryvnia more expensive than rubles?
That's why the hryvnia is more expensive than the ruble.But it is important to note a sad tendency. Still, the Ukrainian currency depreciates much faster than the ruble. Therefore, you can always make the assumption that inflation will only increase and soon the hryvnia will depreciate even more.
In the case of the ruble, everything is simple. During the crisis of 2014 there were such reasons for the fall of the ruble:
However, the ruble is becoming cheaper more slowly than the Ukrainian currency. It is also important to understand.
At the moment, the approximate rate of hryvnia tothe ruble is 1: 3. Thus, for 30 rubles you can buy ten hryvnia. In this case, there is a difference in prices for products. Bread in Russia costs about 40 rubles per 1 kg (it can be a little cheaper), and in Ukraine - about 20 rubles (in the given prices). Thus, prices in the neighboring state are slightly lower than in Russia. Although it still depends on the goods. But as far as food products are concerned, this is indeed the case.
Therefore, you must understand one truth:you can not just take and divide the price by three. For example, in Ukraine, beer costs 10-12 hryvnia per 0.5 l. Now just multiply that number by three. What will happen? Somewhere around 30 rubles. How much does beer cost in Russia? As you can see, in Ukraine, food products are really cheaper. And the dollar has nothing to do with it. In general, we figured out why the Ukrainian hryvnia is more expensive than the ruble.
