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The price of the Hryvnia at the exchange offices fell at the beginning of the week

The price of the Hryvnia at the exchange offices fell at the beginning of the week

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Anxiety in the foreign exchange market is gradually disappearing. The NBU expects it to finally subside in the coming days.

The exchange rate of the Hryvnia in the cash market decreased slightly at the beginning of the week. RBC-Ukraine reported this in connection with market monitoring data on Monday, October 9.

So, the average dollar rate in exchange offices increased by 5 kopecks – to 38.25 UAH, the euro rate immediately increased by 15 kopecks – to 40.75 UAH.

In exchange offices they bought a dollar for an average of 37.75 UAH, a euro for 40.05 UAH.

In the interbank market, today’s rate is at the level of 36.58-36.60 (buying and selling), almost unchanged compared to the previous day.

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 36.5827 UAH/USD (-0.0389 UAH). The euro exchange rate is 38.6533 UAH per 1 euro (+0.1127 UAH).

It is known that last week the NBU sold $1 billion 152 million. This is the largest volume since May 2022.

As the head of the NBU Andrey Pyshny said, anxiety in the foreign exchange market is gradually disappearing. “We expect it to finally subside in the coming days,” he added.

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. Last Friday, October 6, the dollar fell for the first time since the introduction of a flexible exchange rate.

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Source: korrespondent

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