The dollar on the interbank market fell after a strong run
this week the dollar on the interbank market once again demonstrated that the low trading volumes allow sellers or buyers of even relatively small amounts of currencies to adjust the market.
Monday, the dollar remained on a low level of about 27.3 hryvnia per dollar, but on Wednesday suddenly the rate skyrocketed to almost 27,5, and on Thursday growth has ended and the exchange rate has fallen rapidly so that the NBU had to go with the purchase of currency to smooth out fluctuations.
on Thursday morning, the demand for foreign currency exceeded supply, and sellers held back waiting for sales to the maximum level, and after reaching a 27.5 UAH/USD began to sell, which led to sharp decrease in quotations.
NBU after lunch we had to negotiate with the purchase of about $ 20 million at a fixed rate of 27.4, which stabilized the exchange rate, but then to the end of the session, speculators managed to finally pin down the course to 27,355/27,38 until the end of the session.
According to rumors, the growth rate was triggered recently active purchases of the dollars by the national Bank 27,22 hryvnia, and creating because of this specific shortage of supply of currency last days with the growth of quotations more 27,40 hryvnia to the dollar — was created to "help" Naftogaz higher price to sell its currency during the period of the budget payment through the Bank. The state Bank in those days was a very active currency in the period of maximum growth of quotations.
It is worth noting that this week was not growth factor of the inflow of foreign currency from non-residents who did not want to invest in hryvnia government bonds.
The Ministry of Finance during the regular auction on August 18 placed government bonds for 2,507 billion, which is four times less than last week.
This week the Ministry of Finance sold to investors hryvnia bonds with a maturity of 6 months in the amount of 999,5 million UAH with an average yield of 7.82%, and 2 per annum on the amount under 663,7 of 10.14% and dollar-denominated government bonds by $31 million under of 3.39% per annum.
