Last week, the regulator sold $785 million on the market, trying to stop the fall of the hryvnia. However, the volume of interventions is less than in the previous period. This is evidenced by the data of the National Bank.
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At the same time, the NBU is buying very little currency. During July 22-26, the volume amounted to only $0.51 million.
In the previous week, the regulator “threw” $950 million onto the market, sharply increasing the volumes.
NBU currency interventions/Source: bank.gov.ua
Since the beginning of the summer, the regulator has not bought large volumes of currency and tried to influence the hryvnia exchange rate through sales.
Graph of changes in the US dollar price from May 31 to July 29, 2024 /Source: bank.gov.ua
If during the last week the NBU managed to strengthen the hryvnia from UAH 41.49 to UAH 41.19, then over the summer it failed to do this; in the official exchange rate, the hryvnia fell by almost 70 kopecks over this period, updating its historical minimum (UAH 41.49).
- NBU Hryvnia Dollar Currency