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The official exchange rate of the hryvnia continues to fall

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The selling rate of the dollar in the interbank market did not change on Tuesday, and the euro immediately fell by 27 kopecks.

The National Bank continues to reduce the official exchange rate of the hryvnia to the dollar and euro. This was confirmed by the regulator’s data on Tuesday, October 24.

For tomorrow, the NBU set the official hryvnia exchange rate against the US dollar at 36.5790 UAH/$ (+0.0221). In turn, the euro exchange rate rose to UAH 38.9091 per euro (+0.1478).

The selling rate of the dollar in the interbank market did not change today. And the euro exchange rate decreased by 27 kopecks – at the level of 38.79/38.80.

In the cash market, hryvnia to dollar quotes are 37.50–38.10 UAH. Euros are bought at 40.00 UAH and sold at 40.70 UAH.

We remind you that on 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/$, and from July 21, 2022 – 36.57 UAH/$.

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. In recent days, the dollar’s exchange rate has been gradually increasing.

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Source: korrespondent

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