HomeEconomyThe cash hryvnia regained...

The cash hryvnia regained positions against the dollar

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The average dollar rate fell by another 10 kopecks – to 38.15 UAH, the euro rate also fell by 10 kopecks – to 40.65 UAH.

The exchange rate of the hryvnia continues to grow in exchange offices. The dollar has fallen to the level that was before the NBU’s decision to switch to a flexible regime, RBC-Ukraine reports, citing market monitoring data on Tuesday, October 10.

Today, the average dollar rate fell by another 10 kopecks – to 38.15 Hryvnia, the euro rate also fell by 10 kopecks – to 40.65 Hryvnia.

In exchange offices they bought a dollar for an average of 37.65 UAH, a euro for 39.95 UAH.

In the interbank market, the dollar exchange rate was at the level of 36.54-36.56 (purchase and sale), almost unchanged compared to the previous day.

Today, the NBU lowered the dollar to hryvnia exchange rate below the level that has remained since July 2022 before the transition to the exchange rate flexibility mode – 36.5527 hryvnia per 1 dollar (-0.0300 UAH). The euro exchange rate is 38.4827 UAH per 1 euro (-0.1706 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. 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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