Now banks can sell and buy money at a free rate without the limit of 1% of the official rate that has been in force since the beginning of the war.
After abandoning the fixed exchange rate, the National Bank set a new dollar exchange rate for the first time since July 2022 based on the results of trading in the interbank foreign exchange market. This was confirmed by the regulator’s data on Tuesday, October 3.
function news4627090() {
$.get(‘//’ + window.location.host + ‘/ajax/module.aspx?spm_id=444&id=4627090&lang=2&IsAjax=true’, function (data) { $(‘#nk4627090’).html(data); });
}
news4627090();
Thus, the official exchange rate of the hryvnia against the dollar on Wednesday was set at 36.5901 hryvnia per 1 dollar (+0.0215 UAH). That is, during the day the rate rose a little more than 2 kopecks.
At the same time, in the cash market, the dollar exchange rate immediately increased by 25 kopecks – to 38.40 Hryvnia per dollar.
The euro exchange rate is set by the National Bank depending on quotes on the international market. On October 4, its rate will be 38.3263 hryvnia per 1 euro (-0.1914 UAH).
As is known, from October 3, the National Bank introduced a regime of managed flexibility of the exchange rate. Before this, since the beginning of the war, the regulator maintained a fixed exchange rate of the hryvnia against the dollar, initially 29.25 UAH/dollar, and from July 21, 2022 – 36.57 UAH/dollar.
Now the banks will sell and buy money at a free rate without the limit of 1% of the official rate that has been in force since the beginning of the war. Taking into account the exchange rate in the interbank market, the NBU will set the official rate. However, the regulator promised that it will significantly limit changes in the exchange rate, preventing either a significant weakening of the Hryvnia or its significant strengthening.
We remind you that in September the NBU sold a record volume of foreign currency since January. And since the beginning of the year, the regulator has sold $19.4 billion to maintain market balance.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.