NBU announced the hryvnia exchange rate at the beginning of August

The National Bank of Ukraine set for August 3 the rate of 27 hryvnia 68 kopecks per dollar, which is one kopeck less than the official rate on the last day of July. On the Ukrainian interbank foreign exchange market, the first part of the session was held against the background of the hryvnia strengthening (from the initial level of UAH 27 70-73 kopecks to UAH 27 UAH 61-63 kopecks per dollar), but in the afternoon the initial quotes were kept for several hours – UAH 27 70-73 penny, according to data from Finance.ua. 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 statement 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. Over the past several sessions, the regulator has shown new benchmarks to market participants – the NBU sold more than $ 300 million last week at a rate slightly lower than UAH 28 per dollar.

The interbank market finds the bottom 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Your email address will not be published.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>