The hryvnia devalued by another 1.4% over the week%

Last week, the interbank foreign exchange market of Ukraine continued to fall in the hryvnia exchange rate against the dollar, caused by speculative growth in demand for the currency and a decrease in supply due to the weekend in the United States on Thursday and Friday. Information about the increased likelihood of a Russian military invasion of Ukraine and the domestic political situation increases the demand for foreign currency, which has already grown from energy importers and sellers of New Year and Christmas gifts, while exporters are holding back sales in anticipation of an increase in the exchange rate.

During the week, the dollar exchange rate rose from 26.75/26.77 UAH/. to 27.12/27.14 UAH/., and only active interventions of the National Bank on Thursday and Friday stopped the rapid fall of the hryvnia. These days, the NBU sold 1 150 million a day with total trading volumes of.200-220 million, remaining the main seller of foreign currency on the market.

From November 22 to 26, the National Bank sold a record.630.1 million on the interbank market and did not buy foreign currency, and in the period November 15-19, it sold. 108 million and purchased only. 5 million, and in general, in November, the regulator bought викуп 1,177. 8 million and sold 7 738.8 million.

It is expected that today the volume of currency offers from exporters will grow, as the currency will arrive on Thursday and Friday, but speculative sentiment in the market remains. Therefore, it is important for the National Bank to master the situation and not allow the hryvnia to devalue in the future. It is worth noting that importers of energy resources have reduced demand for foreign currency in anticipation of lower prices due to cheaper oil, and exporters are stepping up sales of foreign currency against the background of a high exchange rate.

Economy Minister Yulia Sviridenko said that Ukraine will end 2021 with a historically high dollar GDP of.195 billion. "We informed investors about the improvement of the country's macroeconomic indicators and forecasts for the next year. We will try to ensure the stability of the main indicators, GDP and gold reserves growth, and reduce inflation," the head of the economy ministry said.

At the same time, Alexey Reznikov declared the stability of the situation in the Donbas, and Dmitry Kuleba assured investors that the increased information tension on the part of Russia is aimed solely at destabilizing the situation around Ukraine.