The head of the National Bank Andrey Pyshny announced the restoration of the stability of the foreign exchange market and the intention of the Central Bank to support it, writes Interfax-Ukraine.
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What is happening in the foreign exchange market
“We see that the stability of the foreign exchange market has been restored and today does not raise any questions” “, he said at a press briefing.
“The National Bank clearly noted that it would be present in the foreign exchange market and respond appropriately to any destructive factors and excessive volatility,” added Pyshny.
h3>Falling rate
Last week, the official hryvnia exchange rate fell to a new low – 41.4912 UAH/$1. Taking this into account, since the beginning of 2024, the dollar at the official rate has become more expensive by 9.2%, or 3.49 UAH, and since the National Bank switched to the managed flexibility mode on October 3, 2023, by 13.4%, or 4. 93 UAH.
However, this week the NBU increased it to 41.2174 UAH/$1, and its reference value by 12:00 on Thursday was 41.1836 UAH/$1. As a result, since the beginning of July, the official exchange rate of the hryvnia has fallen by 1.9% or 76 kopecks, while in June its decline slowed to 3 kopecks. after weakening in May by 90 kopecks.
- NBU Currency