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The dollar continued to decline in the interbank market

The dollar continued to decline in the interbank market

Image: Getty Images

As a result of the trade, the American currency fell another 6 kopecks, and in exchange offices the dollar fell 10 kopecks.

The National Bank continued to devalue the dollar against the hryvnia after the transition to a flexible regime. The exchange rate fell by almost 5 kopecks, according to data on the regulator’s website on Tuesday, October 10.

The official exchange rate of the hryvnia to the dollar on Wednesday was set at 36.5058 UAH/1 dollar (-0.0469 UAH). In turn, the euro exchange rate increased significantly and now will reach 38.6049 hryvnia per 1 euro (+0.1222 UAH).

In the interbank market today, the dollar exchange rate fell by 6 kopecks, to 36.47-36.49 UAH/dollar (buying and selling).

In the cash market, the American currency fell by 10 kopecks to 38.15 hryvnia per dollar.

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 to the dollar – first 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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