The dollar exchange rate is at the level that was before the National Bank’s decision to switch to managed flexibility mode 10 days ago.
The dollar continues to decline in the cash market. RBC-Ukraine reported this with reference to market monitoring data on Thursday, October 12.
So, the average dollar exchange rate in Ukraine fell by 5 kopecks – to 38.15 UAH, the euro exchange rate decreased by 5 kopecks – to 40.65 UAH.
In exchange offices they bought a dollar for an average of 37.65 UAH, a euro for 39.95 UAH.
It is indicated that the dollar exchange rate at exchange offices is at the level that was before the NBU’s decision to switch to managed flexibility mode 10 days ago.
In the interbank market, today’s rate was at the level of 36.42-36.44 (buying and selling), which decreased by 1 kopeck compared to the previous day’s close.
In turn, the National Bank today set the official exchange rate of the hryvnia to the dollar at 36.4385 UAH/1 dollar (-0.0673 UAH). The euro exchange rate is 38.6394 UAH per 1 euro (+0.0345 UAH).
As you know, on October 3, the National Bank introduced a regime of managed exchange rate flexibility. 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 either a significant weakening of the hryvnia or its significant strengthening. On October 6, the gradual acceleration of the dollar’s decline began.
Source: korrespondent
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