The hryvnia on the interbank market resumed its fall

2021-03-25 12:02:45
Machine translation
The hryvnia on the interbank market resumed its fall

After a two-week stability of the hryvnia against the dollar on the interbank market quotes again began to sink. Experts are trying to predict the dollar will continue to rise or shortly rate stabiliziruemost to a new level.

 

the dollar on the interbank market increased from 27.67/27,69 UAH/$ 27,91/27,93 UAH/$ for speculative gain support from the quarantine restrictions in Ukraine and low volume sales of t-bills at the last auction.

 

the national Bank did not go up for auction with interventions, leaving the market the opportunity to set the balance.

 

the Demand for currency from importers remains low, so exporters are rapidly increasing the supply of currency at a high price. The rate of export of agricultural products decreased slightly, but a significant amount of grain and oilseeds in the coming months will provide a fairly high level of foreign exchange earnings.

 

At the last auction for the sale of government bonds, the Finance Ministry has been able to attract budget only 6.45 billion UAH, which is several times less than in the previous session, when it was sold securities 14.3 billion.

 

it is Worth noting the increase in demand for short-term bonds,and long-term decline, and the increase in the average yield of securities – from 10.74% to 10.75%.

 

If a week ago, 1-year government bonds was posted on 3 billion, 1.5-year – 4.3 billion UAH, and 2-year – 1.9 billion, at the last auction failed to sell 1-year government bonds for UAH 4.7 billion, 1.5-year and 1.1 billion, a 2 year old to 48 million.

 

According to the Finance Ministry, in March, the repayment of debt previously sold government bonds, the Agency must pay 22,54 billion.

 

Attract short of funds from non-residents allows you to increase foreign exchange earnings to the interbank market, so today the course of a few stabiliziruemost through sales of foreign currency by non-residents.

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