The National Bank has been raising the dollar exchange rate for two days in a row

The National Bank established a new dollar exchange rate based on the results of trading in the interbank foreign exchange market. It grew by another 1 kopeck. This was confirmed by the regulator’s data on Wednesday, October 4.

In particular, the official exchange rate of the hryvnia against the dollar on October 5 was set at 36.6023 hryvnia per 1 dollar (+0.0122 UAH). It grows for the second day in a row.

Today in the interbank market today trade opened at the level of 36.61-36.65 UAH/dollar (buying and selling), and in the afternoon the rate dropped to 36.60-36.64 UAH/dollar.

At the same time, in the cash market the exchange rate fell by 5 kopecks – to 38.35 hryvnia per dollar.

The euro exchange rate is set by the NBU depending on quotations in the international market. Tomorrow its rate will be 38.4288 hryvnia per 1 euro (+0.1025 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 to 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.