The National Bank continues to act as the primary stabilizer of the currency market.
Currency exchange rate. / © Associated Press
In late July and early August, the situation in Ukraine’s currency market will remain steady and predictable. The National Bank will continue to manage exchange rate fluctuations, serving as the main stabilizing force.
This was stated by banker Taras Lesovyy in a comment to “RBC-Ukraine.”
“Demand may exceed supply by approximately 10-15%. For Ukraine’s currency market, this is not a critical imbalance. The NBU has sufficient tools to offset this difference and prevent sharp jumps in the exchange rate,” the banker explained.
According to him, during this period, importers of energy resources, equipment, and raw materials actively purchase currency, but the market does not experience a critical imbalance. International financial aid and stable consumer prices continue to support the exchange rate, Lesovyy noted.
At the same time, the main risks are global oil product prices and military activity, which could affect inflation.
Currency Exchange Rate Next Week
According to Lesovyy, daily changes will be minimal, within a few kopecks. Average fluctuations, however, will be within 1-1.5% of the week’s starting rate.
Exchange Rate Ranges:
-
Interbank market: 44.60-45.00 UAH per dollar and 50.80-51.50 UAH per euro;
-
Cash market: 44.80-45.00 UAH per dollar and 51.00-51.50 UAH per euro
Daily Change Increment:
-
Up to 0.05-0.15 UAH on the interbank market;
-
Up to 0.1-0.2 UAH in commercial banks;
-
Up to 0.3 UAH in exchange offices.
Recall that the National Bank is withdrawing old hryvnia banknotes from circulation. As of July this year, some old hryvnias are no longer legal tender. This applies to banknotes of 1, 2, 5, 10, 20, 50, 100, and 200 hryvnias issued before 2003. These bills can no longer be used for purchases in stores or for paying for services.
Comments Sort by: New Old Popular Send