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The official dollar exchange rate exceeded 37 hryvnia for the first time

Photo: RBC-Ukraine

The cash and official dollar exchange rates continue to converge after the removal of restrictions on currency sales.

For the first time in history, the National Bank raised the dollar exchange rate above 37 hryvnia. This was confirmed by data on the regulator’s website on Wednesday, December 13.

The official exchange rate for tomorrow is set at UAH 37.0245. for 1 dollar (+0.0384 UAH). In turn, the euro is worth 39.9217 hryvnia per 1 euro (+0.0159 UAH).

In the interbank market, the American currency rate increased by 4 kopecks – to 37.03-37.05 UAH/dollar (buying and selling).

At the same time, in the cash market the exchange rate fell by 5 kopecks to 37.70 Hryvnia per dollar.

As you know, on October 2, the National Bank announced 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 against the dollar – first 29.25 UAH/dollar, and from July 21, 2022 – 36.57 UAH/dollar. However, unlike the official dollar exchange rate, it was significantly higher last year – there was a period when it reached 43 hryvnia.

And from December 1, the National Bank removed all restrictions on the sale of cash currency to the population. After that, cash and official rates began to converge. The regulator believes this will help stabilize exchange rate expectations and increase the stability of the foreign exchange market.

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Source: korrespondent

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