Interbank hryvnia rate has stabilized at the background of foreign currency earnings and low activity players

Last week due to low activity of market participants and increase foreign currency revenues from exporters, the exchange rate of hryvnia on the interbank market stabilized at the level of 21,1-28,15 UAH/$.

to Limit exports of grain and oilseeds Russia and Argentina and containment sales manufacturers worldwide in anticipation of rising prices have led to increase in prices to record levels. In Ukraine, the agricultural producers since the new year has stepped up export sales, and will continue to increase them in the coming weeks, which will increase the amount of foreign exchange earnings.

the Situation on the currency market last week was relatively calm. With the decline of the dollar relative to the hryvnia, the national Bank was forced to buy the excess currency, and in the period 11-16 January acquired on the interbank market of 20 million $ for a single rate, then to sell the currency from the reserves this week, had not.

since the beginning of 2021, the national Bank has already sold $ 20 million, while acquired $ 40 million. Stabilization of the state budget through government bonds and the resumption of negotiations with the IMF have reduced speculative pressure on the hryvnia, so soon he stabiliziruemost level 28-28. 2 UAH/USD.