The hryvnia on the interbank market during the week, strengthened by 1%

2021-03-09 12:00:53
Machine translation
The hryvnia on the interbank market during the week, strengthened by 1%

According to experts, the hryvnia on the interbank market continues to strengthen, and during last week, its exchange rate against the dollar has increased from 27,94/27,96 to 27.75/of 27.77 UAH/$.


pressure exceeding the scope of supply of foreign currency on demand on Thursday, the dollar dipped to 27,685/27,71 UAH/$, therefore, to deter further strengthening of the hryvnia in anticipation of the long weekend, the national Bank was forced to buy back about $ 20 million at the rate of 27,68 UAH/$.


on Friday, the buyers decided that the dollar has reached its lowest peak, and has stepped up the purchase of foreign currency, and therefore slightly more expensive.


Today's auction of government bonds will increase pressure on the dollar, because non-residents are actively buying hryvnia securities, which yield after increasing the discount rate of the NBU may be somewhat larger.


Experts expect that within a week, the hryvnia exchange rate will remain in the range of 27.6-27.8 million UAH/$, since the supply of currency will increase after the long weekend and thanks to the increase in income from non-residents that could once again force the Bank to buy the excess currency.


the strengthening of the hryvnia against the dollar while that didn't affect the purchase price of grains and oilseeds, which has remained almost unchanged since the gradual increase in world prices offset the strengthening of the hryvnia for 1%.

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