The average dollar exchange rate in the cash market fell to UAH 38.20, and the euro exchange rate dropped to UAH 40.60.
The hryvnia exchange rate on the cash market continues to grow after a short-term decline caused by the NBU’s decision to switch to a flexible exchange rate regime. RBC-Ukraine reported this with reference to market monitoring data on Thursday, October 5.
This morning the average dollar exchange rate fell by 15 kopecks – to 38.20 Hryvnia, the euro exchange rate fell by another 10 kopecks – to 40.60 Hryvnia.
In exchange offices they bought a dollar for an average of 37.70 UAH, a euro for 39.90 UAH.
Thus, the rate actually returned to the level observed before the decision of the NBU.
In the interbank market today the rate increased by 2 kopecks to 36.62-36.66 (buying and selling).
In turn, the NBU set a new exchange rate today based on the results of trading in the interbank foreign exchange market. The official exchange rate of the hryvnia against the dollar is 36.6023 hryvnia per 1 dollar (+0.0122 UAH). The euro exchange rate is set at 38.4288 UAH 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 both a significant weakening of the Hryvnia and a significant strengthening.
At the same time, the National Bank has been gradually increasing the dollar exchange rate for two consecutive days.
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Source: korrespondent
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