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Dollar growth slowed at the beginning of the week

Photo: RBC-Ukraine

The average dollar selling rate remained at UAH 41.95, and the euro exchange rate decreased to UAH 45.85.

On Monday, the hryvnia exchange rate stabilized against the dollar and slightly strengthened against the euro on the cash market. RBC-Ukraine reported this in connection with monitoring data on July 22.

Thus, the average dollar selling rate remained at UAH 41.95, and the euro exchange rate decreased by 5 kopecks, to UAH 45.85.

Today, exchange offices buy dollars on average for 41.20 UAH, and euros for 45.00 UAH.

In the interbank market, the American currency rate is at the level of 41.49-41.51 UAH/dollar (buying and selling) – still compared to the closing level of the previous day.

Last Friday, the National Bank raised the dollar to hryvnia exchange rate on Monday to a new historical maximum – UAH 41.4912 (+0.0692 UAH). The euro exchange rate today is 45.186 UAH (-0.0758 UAH).

Remind us that over the past week the NBU has increased sales of foreign currency by almost 80% – up to $950 million. This is well above the year-to-date average of $530 million.

As you know, recently the dollar exchange has regularly updated its historical record. Overall, in July the official exchange rate of the Hryvnia fell by 2.6% or UAH 1.04. From the beginning of 2024, the dollar at the official exchange rate has become more expensive by 9.2% or 3.49 UAH.

Last Thursday, the NBU said that further growth of the dollar threatens price stability. Therefore, the regulator is ready to take the necessary steps to ensure the stability of the foreign exchange market.

At the same time, the Cabinet of Ministers predicts a further increase in the dollar exchange rate. According to the Budget Declaration, in 2025 the average exchange rate will increase by 10%, up to 45 UAH/dollar. At the same time, the budget for 2024 includes an average exchange rate of 40.7 UAH/dollar and 42.1 UAH/dollar in December.

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Source: korrespondent

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