“The dollar in January is unlikely to cross the mark of 42.5 hryvnias at the official exchange rate.”, — write: www.unian.ua
The dollar in January is unlikely to cross the mark of 42.5 hryvnias at the official exchange rate.
The NBU’s interventions in the foreign exchange market contributed to the moderate strengthening of the hryvnia last week / illustration by REUTERSLast week, the NBU’s interventions in the foreign exchange market remained almost unchanged and exceeded $1 billion. This contributed to a moderate strengthening of the hryvnia last week.This is stated in the financial weekly of the ICU investment group. The company’s analysts reported that for four working days last week, the net purchase of currency amounted to 702 million dollars.
Average daily net purchases on the interbank market remained slightly above $100 million, but households reduced net average daily purchases from $80 in the first few days of the year to $67 million.
According to the results of the week, the official exchange rate of the hryvnia increased by 0.4% to UAH 42.13/dollar. According to the results of the week, the cash value of the dollar in systemically important banks also decreased by 0.4% to UAH 42.1-42.8/dollar.
“The National Bank continued to spend large amounts of foreign currency from reserves, seeking to calm the market and contribute to the stabilization of the hryvnia exchange rate. A large volume of interventions for even a slight decrease in demand for currency not only stabilized the situation on the foreign exchange market, but even strengthened the hryvnia exchange rate last week,” – says the documents
It is noted that the stabilization of the exchange rate should contribute to increasing the supply of currency on the market from exporters and reducing the need for NBU interventions.
“We maintain the expectation that the official exchange rate of the hryvnia in January will not exceed the level of 42.5 hryvnias/dollar, but will move in small steps to roughly 46 hryvnias/dollar at the end of the year,” ICU predicts.
Exchange rate – the latest newsAccording to Bloomberg, the dollar fell against most major currencies in the hours before Donald Trump’s second inauguration. The low level of liquidity associated with this event is likely to have exacerbated the weakness of the dollar against all currencies from the Australian dollar to the offshore yuan.
The exchange rate of the dollar to the hryvnia at “PrivatBank” on Monday, January 20, decreased by 5 kopecks and is 42.65 hryvnias per dollar. The exchange rate of the euro in the bank today also fell by 5 kopecks and is UAH 44.10 per euro.
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