• 28/02/2024 00:24

The dollar exchange rate dropped sharply due to a change in the currency deficit. NBU sales rate

National Bank of Ukraine sales of dollars from reserves due to changes in deficit at the currency. The dollar exchange rate has fallen by 30 kopecks until the end of the last century.

RBC-Ukraine reports this from data from the NBU.

During the period from 15 to 19 September 2024, the NBU sold 530.90 million dollars on the interbank foreign exchange market, reducing sales by 21.1%, equal to the previous year (673.27 million dollars).

The sales volume was also significantly lower. th equalized over the last three years of 2023 and remains on par with the middle years of the past.

The NBU has sold 1.993 billion dollars to the interbank bank since the beginning of the year.

As a result, the dollar exchange rate on the interbank market fell from 37.80-90 UAH/dollar to 38.50-38-55 UAH/dollar. The official rate decreased from 37.83 to 38.52 UAH/USD. On the ready-made market, the exchange rate fell from 38.90 to 38.20 UAH/USD.

Forecasts for the dollar exchange rate

According to the NBU data, budget expenditures at the end of 2023 and the increased uncertainty of the need for external financing increased increase in foreign currency in Ukraine. At the beginning of this year, the official rate returned to its previous maximum of 38.22 UAH/dollar.

However, after 10 September, the rate began to decline. Experts believe that the dollar exchange rate will remain exclusively with the NBU, which controls the market for additional intervention.

To what point the exchange rate can go is still unknown. “I don’t think the regulator will allow sharp exchange rate fluctuations. It’s unlikely that the value of the hryvnia will go up to 37 dollars,” Oleksandr Parashchiy from Concorde Capital told RBC-Ukraine.

Currently, analysts and bankers are losing money. or forecasts. Financial analysts in 2024 predict the exchange rate over the next 12 months at 40.29 UAH/dollar. In addition, bankers predict an exchange rate of 41.31 UAH/dollar.

Leave a Reply