The interbank exchange rate of the dollar rose to a record 37 hryvnias

On Tuesday, December 12, the National Bank of Ukraine increased the dollar exchange rate to almost UAH 37, which is a historical maximum, the regulator's website reports.

Thus, the official exchange rate of the dollar was increased by UAH 0.1145 to UAH 36.9861, and the euro rate was increased by UAH 0.2638 to UAH 39.9376.

At the interbank, the dollar rose in price by 9 kopecks, and the buying rate reached UAH 36.90, and the selling rate - UAH 37.01. On the cash market, the dollar immediately rose by 20 kopecks to UAH 37.75.

We will remind you that on October 3, the National Bank abandoned the fixed exchange rate of the hryvnia, which had been in effect since the beginning of the full-scale invasion of the Russian Federation in Ukraine on February 24, 2022, and switched to a regime of managed flexibility, under which the exchange rate is determined at the interbank level, and not set by the NBU directive. At the same time, the National Bank continues to monitor the situation and regularly compensates for the structural deficit of foreign currency on the interbank foreign exchange market.

Thus, in the first week of October, after the transition to the regime of managed flexibility, the net sale of currency by the National Bank rose to a record 1.15 billion dollars, and in the following two weeks it amounted to 575 million dollars and 735.3 million dollars, respectively. On November 20-24, the NBU net sale of currency amounted to $521.4 million, and on December 4-8, the NBU sold $546 million at the interbank, which is $193.5 million less than the previous week, when 739 were sold from reserves $.5 million.

Since December 1, the National Bank has canceled all restrictions on the sale of cash currency to the public and is working on the convergence of the official and cash exchange rates, as this will help stabilize exchange rate expectations and increase the stability of the currency market.