The hryvnia on the interbank market fell to 27.5 UAH/$

2018-08-16 12:01:05
Machine translation
The hryvnia on the interbank market fell to 27.5 UAH/$

the Dollar on the interbank market continues to rise and on Wednesday rose to 27.49/27,52 UAH/$. The growth driver is the high demand from importers amid the reduction of foreign exchange receipts and speculative expectations about the depreciation to the level budgeted for the 2018.

 

Hope to increase in August of currency proceeds from the sale of agricultural products is not justified. Sales volume was low, as producers were reluctant to sell their products because of rising prices and their subsequent sharp decline.

 

the Demand for currency from importers is gradually reduced, because they reduce sales decrease profitability due to the high rate.

 

Yesterday, the national Bank did not take measures to support the hryvnia. During trading, the dollar rose slightly from 27,41/27,44 to 27.49/27,52 UAH/$, but the official rate has dropped from 27,458922 to 27,449860 UAH/$.

 

In the cash market the dollar is trading at of 27.65 UAH and above. The demand from the population is low due to the fall of solvency, therefore, on trends in rate primarily influence the interbank market.

 

According to experts, in the near future the dollar stabiliziruemost at the level of 27.5 UAH/$ due to the seasonal increase in foreign currency receipts from farmers and the temporary decline in demand.