The American dollar continues to become cheaper both in the interbank foreign exchange market and in the exchange offices.
The National Bank continues to reduce the exchange rate of the dollar against the hryvnia after the transition to a flexible regime. The dollar fell another 4 kopecks, according to data on the regulator’s website on Thursday, October 12.
The official hryvnia to dollar exchange rate on October 13 was set at: 36.3931 UAH/1 USD. (-0.0454 UAH). And the euro exchange rate increased slightly and will reach 38.642 UAH per 1 euro (+0.0026 UAH).
In the interbank market today the rate fell by another 4 kopecks – to 36.39-36.41 UAH/dollar (buying and selling).
And in the cash market, the American currency fell in price by 5 kopecks – up to 38.15 Hryvnia and approximately at the same level as before the decision of the NBU.
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 dollar began to decline.
Source: korrespondent
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