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Exchange rate on August 26: stable devaluation of hryvnia

The exchange rate in Ukraine on August 26 shows a continuation of the trend towards minor changes.

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Currency. Photo – UKR.NET

This was reported by the «NBN» with reference to Politexpert 

Today, the National Bank of Ukraine fixed the dollar exchange rate at UAH 41.22, which is 6 kopecks lower than yesterday's figure. The euro also fell slightly – from UAH 45.98 to UAH 45.84.

These exchange rate fluctuations are insignificant at first glance, but in the conditions of the end of the month, they can play an important role in the financial calculations of businesses and state-owned companies. As a rule, the end of the month is accompanied by an intensification of operations in the domestic and foreign markets, which adds dynamics to the foreign exchange market.

The National Bank continues its policy of intervention in the interbank market, trying to maintain a balance between the demand and supply of currency. This is also facilitated by external factors, such as the seasonal harvest, which temporarily supports the purchasing power of the hryvnia.

At this time, banks offer various currency exchange rates. Thus, Privatbank estimates the dollar within 41.00/41.60 UAH at cash desks and 41.05/41.67 UAH when paying by card. In Ukreximbank, the rate is slightly lower – 40.95/41.55 UAH at cash desks and 41.00/41.40 UAH when paying by card.

It is expected that by the end of August, activity in the currency market will increase, which is due to the final business settlements of companies. Inflation will remain high in the near future, given the rise in prices for energy and products, which are beginning to affect the economy.

Recall that earlier we wrote that the Pension Fund of Ukraine explained in which cases pensioners can be fined.

nbnews.com.ua

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