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The dollar exchange rate has once again triumphed on a psychological level

Photo: RBC-Ukraine

In the interbank market, the American currency rate increased by 6 kopecks to 37.02-37.04 UAH/dollar (buying and selling).

For the second time this week, the National Bank raised the dollar exchange rate to more than 37 Hryvnia. In turn, the euro exchange rate was consolidated above 40 hryvnia. This was confirmed by data on the regulator’s website on Friday, December 15.

Thus, the official dollar exchange rate on Monday was set at UAH 37.0211. for 1 dollar (+0.0298 UAH). In turn, the euro exchange rate will be 40.5122 hryvnia per 1 euro (+0.0992 UAH).

In the interbank market today, the American currency rate increased by 6 kopecks to 37.02-37.04 UAH/dollar (buying and selling).

At the same time, in the cash market the dollar exchange rate decreased by 5 kopecks – to 37.69 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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