“The main goal of the National Bank is exchange rate stability.”, — write: www.unian.ua
The main goal of the National Bank is exchange rate stability.
The head of the NBU Andriy Pishnyi explained what is happening with the course / screenshotIn 2025, the hryvnia exchange rate will remain generally stable, although the foreign currency deficit in the financial system remains significant. The head of the National Bank of Ukraine, Andriy Pishnyi, told about this in an interview with the “My – Ukraine” TV channel.He refused to forecast the exchange rate for 2025, because “the National Bank of Ukraine does not give forecasts on the exchange rate,” and noted that the rate of 45 hryvnias per dollar set in the state budget “is not a goal for the National Bank and never was.”
Pyshnyi emphasized that the goal of the National Bank is the stability of the currency market in the mode of “maximum market mechanisms of supply and demand”. That is why, according to him, in the autumn of 2023 the NBU abandoned the fixed exchange rate introduced due to the full-scale Russian invasion and switched to “managed flexibility” of the exchange rate.
“Yes, we understand that there is a significant structural deficit in the market. And we cover it by smoothing out excessive fluctuations. But the transition to managed flexibility allowed the National Bank to gradually return to the mode of functioning of the foreign exchange market the influence of such things as supply and demand,” said the head of the NBU.
According to him, today the exchange rate is determined by the actual state of the Ukrainian economy.
“It was important for us that the exchange rate began to act as a shock absorber, not a generator, and this is currently happening,” he added.
Pyshnyi emphasized that the NBU remains an active player in the foreign exchange market and carries out currency interventions if necessary, covering the structural deficit. According to him, such actions do not allow the hryvnia to “fly into space.”
The situation on the currency market of Ukraine: the latest newsAs UNIAN wrote, on the last day of last year, the cash rate of the dollar to the hryvnia in Ukrainian banks increased by 15 kopecks and averaged 42.45 hryvnias per dollar. The average exchange rate of the euro against the hryvnia increased by 20 kopecks and amounted to UAH 44.40 per euro. It was possible to sell the European currency at the rate of UAH 43.70 per euro.
And on the first day of 2025, the National Bank of Ukraine set the hryvnia exchange rate at 42.03 to the dollar and 43.69 to the euro. In both cases, the Ukrainian currency strengthened slightly compared to the previous day.
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