The National Bank of Ukraine (NBU) last week increased its sale on the interbank market by $138.7m, or 23.7%, to $724.0m in the absence of currency purchases, according to statistics on the regulator’s website.
The data, which the regulator managed to release during this time, shows that the balance was negative all last week and fluctuated from $0.4m on Monday to $13.7m on Tuesday, $14.1m on Wednesday and $11.9m on Thursday.
The official hryvnia exchange rate rose from 41.4466 UAH/$1 at the beginning of the week to 41.8335 UAH/$1 at the end of the week.
In the cash market, the hryvnia exchange rate changed at the end of the week, with buying up around 41.71 UAH/$1 and selling up around 41.80 UAH/$1.
“The US dollar exchange rate remains in a controlled range, showing minimal changes within the so-called floating stability. This was possible due to the systemic influence of key factors: high currency reserves, restrained demand from the population, moderate business activity and projected volumes of currency supply,” experts of a major participant of the cash currency exchange market described the situation. Read more at the link – KYT Group.
According to analysts, in the next two to four weeks the dollar exchange rate is likely to remain stable within the range of UAH 41.10-41.80/$1, without significant fluctuations in the spread.
In the medium term, within two to four months, the dollar may strengthen to UAH 42.00-42.50/$1 if imports intensify, budget expenditures increase or inflation accelerates.
