Fluctuations in the currency this week will increase

the Interbank market continues to surprise with unexpected shifts in the exchange rate. The strengthening of the hryvnia in the last two months was due to the inflow of currency from selling bonds and increasing cash, which the candidates spend on elections, not from the election funds. After the statement of the Ministry of Finance on the completion of the sale of government bonds, the dollar dropped in the fall and for the week rose to the level 27-27,20 grn/$.

However, on Friday he fell from the morning of 27.04/of 27.08 UAH/$ to 26.88/26,91 UAH/$, which once again confirmed the dependence of the domestic interbank market from the attitudes of the major players and the national Bank.

the Rate decreased with increased fundamental factors for its growth: the approaching elections with a high power rating of the opposition candidate, the main payments to exporters for VAT and the accounting date to which importers have to close external accounts and the increase in balances on correspondent accounts of banks to 54.6 billion.

What's affected the exchange rate, he suddenly changed direction? Just all the big players on Friday selling the currency, while major buyers at the auction did not go.

Today, the situation may change. In addition to banks the currency at a low exchange rate will start to buy the importers who are not risk leaving significant reserves of hryvnia to the uncertainty of the results of the first round of elections.