How real is the stability of the exchange rate of the American currency on the interbank market?

2016-08-17 15:40:47
Machine translation
How real is the stability of the exchange rate of the American currency on the interbank market?

demand for Currency on the interbank platform on Tuesday, almost did not differ from Monday. In the first hours of the trading session the quotations of the dollar rose to the level of 25,05/25,16 hryvnia for$ 1. But the lack of demand for the currency at this price, by the end of the first half of the day, led to a rollback of quotations.

 

the national Bank did not participate in the auction. Was not necessary neither to buy up excess currency or hold auctions. Perhaps, the main controller arranges the "stable" us dollar exchange rate is 25 UAH.

 

a Significant difference in price (about 1 hryvnia) cash and non-cash dollar, according to traders, will inevitably lead to one of the following scenarios :

  1. interbank rate rises to 25.30-25,50 UAH per 1$;
  2. sales quotes of currency will decrease and 25.15-25,30 UAH per 1$.

 

Each of these scenarios has the full right to exist. After all, stock traders cannot sell the currency more expensive than the price of the demand, and the population has long ceased to respond urgently to exchange rate fluctuations. However, the demand for cash dollar still remains at a high level. Therefore, until the end of the week, the situation is unlikely to change.

 

Statistics of the trading session on 16.08.2016:

  • was the transaction: 488;
  • total amount of transactions on USD: 298,82 million;
  • average rate USD : UAH 25,0593.

If the dynamics of the interbank will remain the same, that in the near future the American currency in exchange offices will sell from 25.5 to 25.75 hryvnia for 1 US dollar.