Today, April 12, the non-cash exchange rate of the dollar to the hryvnia has increased again on the interbank market. After finishing at 39.28 UAH/$ on Thursday, on Friday trading on the Bloomberg platform began with a decrease to 39.20 UAH/$. However, even before 11 o’clock the quotes soared to 39.34 UAH/$, and after lunch they were fixed in the range of 39.43–39.45 UAH/$. Real transactions were recorded at these levels.
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At the same time, the offer prices reached 39.55 UAH/$, although no actual transactions took place at this level.
At noon, the National Bank set the reference rate at 39.3489 UAH/$, and the official rate at the end of the day (as of April 15) at 39.3990 UAH/$ – this is the new maximum value. The previous maximum was recorded on March 27 at the level of 39.3430 UAH/$.
As of Friday, trading volume on Bloomberg reached $159.9 million – this is a weekly maximum. And NBU dollar sales were estimated at just under $100 million (about 60% of the market). The principle works is that the regulator increases its official exchange rate as its own foreign exchange sales on the market increase.
During the week, such daily trading volumes were recorded, such estimates of dollar sales by the National Bank were given (in brackets) before setting the corresponding official hryvnia/dollar exchange rate :
- April 8 – $151.67 ($77.28 million, 50.95% of the market), of. rate 38.8437 UAH/$; April 9 – $147.01 million ($74.25 million, 50.51%), of. rate 38.9882 UAH/$; April 10 – $124.05 million ($49 million, 39.50%), of. rate 39.0232 UAH/$; April 11 – $123.39 million ($73 million, 59.18%), of. rate 39.1676 UAH/$.
The total volume of NBU foreign exchange sales this week may exceed $370 million. But even in this case, it will be less than last week’s figure – $483.60 million, according to the official report.
