The National Bank of Ukraine set the rate of 28 hryvnia 38 kopecks per dollar on October 20, weakening the national currency by 2 kopecks compared to the official exchange rate on October 19. This happened despite the growth in the supply of foreign currency on the market, about which the analysts of the website “Ministry of Finance” wrote. “Trades are active closer to lunchtime.
Supply exceeds demand. Some of the sellers are still waiting for the possible exit of Citibank with the purchase of the dollar under non-resident bids and are in no hurry to reduce quotations, “the specialists noted as of 13:00. By the end of the trading session (as of 16:15), demand increased again, and quotations returned to the level of 28 hryvnia, 37-39 kopecks per dollar, which is higher than the opening level of trading, according to data from Finance.ua.
The hryvnia is now close to the lowest this year (28.4 per dollar). About two months ago, on August 17, trading ended by more than a hryvnia lower – at the level of 27 hryvnia 23.5-25.5 kopecks per unit of American currency.