HomeEconomyThe cash hryvnia strengthened...

The cash hryvnia strengthened against the euro

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The average dollar rate in exchange offices did not change – 38.15 UAH, and the euro rate fell to 40.60 UAH.

On the last working day of the week, the hryvnia stabilized against the dollar and strengthened against the euro. RBC-Ukraine reported this in connection with cash market monitoring data on Friday, October 13.

So, the average dollar exchange rate did not change – 38.15 Hryvnia, and the euro exchange rate fell by 5 kopecks – to 40.60 Hryvnia.

In exchange offices they bought a dollar for an average of 37.65 Hryvnia, and a euro for 39.90 Hryvnia.

In the interbank market, the rate was at the level of 36.39-36.41 (buying and selling), unchanged compared to the previous day’s close.

The official exchange rate of the National Bank of the hryvnia to the dollar is currently set at 36.3931 hryvnia per 1 dollar (-0.0454 UAH). The euro exchange rate is 38.642 hryvnias per 1 euro (+0.0026 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 both a significant weakening of the Hryvnia and a significant strengthening. On October 6, the dollar began to decline.


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Source: korrespondent

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