The dollar on the interbank market is rising again

2018-01-05 12:09:35
Machine translation
The dollar on the interbank market is rising again

on Thursday, the interbank market did not expect the growth of the dollar because of the mandatory sale of the currency flow for the 2nd and 3rd of January.

 

However, the market saw strong demand for currency – 694 were concluded deals to the amount 457,36 $ million at weighted average rate 28,0134 UAH/$.

 

Importers actively bought foreign currency for current payments and created small stocks, fearing a further growth rate. Subsidiaries of foreign companies bought the currency for the withdrawal of dividends, and played into the hands of sellers.

 

In the first hours of trading, demand far exceeded supply, so some buyers decided that the exchange rate can greatly exceed 28 UAH.

 

In the end of the day, the dollar rose 17 cents and almost erased losses in the environment. As a percentage of the rate of such fluctuations in the range from 0.7% for the day don't look too menacing, but the change rate is 20 cents per day affect the psychological mood of the population and harm the already weak economy, and in General the state, which this year will have to pay a significant amount of foreign currency liabilities.

 

the national Bank together with the Ministry of Finance must now attend to the situation, rather than wait for the end of the quarter when it becomes obvious that the economy is once again not consistent with the financial plan in 2018. Besides, it is necessary to consider the uncertainty of the next tranche of the IMF, which pledged the government to plan revenues.

This morning the course continued to grow to 28.2-28.23 UAH / USD and the National Bank did not go on auction with the offer of sale.