The Cabinet of Ministers has approved the average annual hryvnia exchange rate at 27 UAH\/USD for 2020. Prime Minister Oleksii Honcharuk announced this during a press briefing, Ukrainian News Agency reports. "The average rate for the next year under the conservative scenario is approved at 27 UAH\/USD," he said. Honcharuk reminded that in the macro forecast, which was approved in May of this year, the average annual hryvnia exchange rate for 2020 was expected at 28.2 UAH\/USD. The Prime Minister also noted that, under the optimistic scenario for the development of the economy for the next year, the hryvnia exchange rate was set at 24.8 UAH\/USD. As Ukrainian News Agency earlier reported, the JP Morgan U.S. financial holding improved the hryvnia exchange rate forecast from 28 UAH\/USD to 25.5 UAH\/USD by the end of 2019. The S&P Global Ratings international rating agency forecasts the hryvnia exchange rate at the end of 2019 at the level of 27 UAH\/USD, 2020 - 27.5 UAH\/USD.