The dollar on the interbank market in two days, up 40 cents

Since the beginning of the week the dollar on the interbank market increased from 28.0 to 28.4 per/28,43 UAH/$, despite the forecasts of the rate stabilization against the next placement of bonds and the increase in sales of foreign currency by exporters ahead of the Christmas holidays.

Before the long weekend, the importers decided to purchase the necessary volumes of currency, which strengthened the demand for it before the market went currency traders who purchased government bonds. Speculators took the opportunity to warm up the exchange rate, and exporters in anticipation of better levels began to restrain sale of foreign currency.

To regulate the situation, the national Bank was forced to sell on the interbank market of $ 20 million at the rate of 28.42 UAH/$.

Today on the interbank market is expected to increase the supply of foreign currency from exporters (compared to the weekend on Friday) and non-residents who need to pay on government bonds that stabilize the exchange rate, and possibly return it to the level of 28.2-28.3 per UAH/$.

At yesterday's auction the Ministry of Finance through the placement of t-bills attracted to the budget 22,209 billion UAH (at NBU), which is 2.3 times lower than the previous auction, where it sold bonds at 51,439 billion.

Another auction is planned for December 29, however, the trading volumes on it are likely to be low because non-residents will be on Christmas vacation, but the local players will have limited resources over the close of the year.

At auction on 22 December was sold hryvnia bonds:

the

with maturity 14.04.2021 on the amount 3,841 billion under 10.25% per annum,

with maturity 07.07.2021 on the amount 3,219 billion at 10.75% per annum,

with maturity 01.12.2021 G. in the amount of 5,127 billion under 11,62% per annum,

with maturity 15.06.2022 G. in the amount of 1,509 billion under 11,75% per annum,

with maturity 15.02.2023 G. in the amount of UAH 182 million under of 11.98% per annum,

with maturity 01.11.2023 on the amount of 398 million UAH under of 12.00% per annum

with maturity 22.05.2024 G. in the amount of UAH 300 million under 12,15% per annum,

with maturity 26.02.2025 G. in the amount of 2,170 billion under the 12.25% per annum.

• with maturity 17.03.2021 G. in the amount of 1.58 billion with an average yield of 10% per annum,

Also implemented currency bonds maturing 16.12.2021 G. in the amount of 138 million dollars with an average return of 3.8% per annum.

High demand for government bonds is not allowed to raise rates to attract funds, which confirms the possibility of finding resources to replenish the budget deficit and stabilize the economic situation in Ukraine in the coming months.