The hryvnia is slightly strengthening against the dollar on the interbank market

On August 10, the Ukrainian interbank foreign exchange market continues to strengthen the hryvnia, which began last week. According to Finance.ua, as of 12:45 pm, the quotes amounted to 27 hryvnia 59-61 kopecks per dollar (trading opened a penny higher). “The deficit of the hryvnia will force exporters to be more accommodating in terms of the exchange rate and sell their foreign exchange earnings at the level of quotations on the market, without any special attempts to play“ upward, ”forecasted at the beginning of trading the experts of the Ministry of Finance website.

The National Bank of Ukraine has set the noon reference value of the exchange rate of 27 hryvnia 66 kopecks per dollar, which is a penny more for the official rate on August 10. The national currency was in a wide corridor of 26.5-27 hryvnia per dollar for more than two months – from late April to early July. On July 1, the announcement of ex-NBU head Yakov Smoliy about his resignation through political pressure on him caused an increase in quotations to 27 hryvnia 20 kopecks per dollar and even higher.

After Kirill Shevchenko was appointed chairman of the NBU, the devaluation of the national currency accelerated. The interbank market finds the lower parameter of the new corridor mainly without the active participation of the National Bank.

Leave a Reply

Your email address will not be published.

You may use these <abbr title="HyperText Markup Language">HTML</abbr> tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

*