The national Bank supported and strengthened the hryvnia on the interbank market

2017-02-07 13:10:30
Machine translation
The national Bank supported and strengthened the hryvnia on the interbank market

on the Monday after the start of trading on the interbank market, the dollar quickly began to rise. Morning quotes 27,13/of 27.21 10:45 rate rose to 27.25/27,40, forming a trend on the rise. Demand far exceeded supply, so it became clear that to maintain the hryvnia requires the intervention of the national Bank.

 

the Regulator announced the auction for the sale of $ 30 million. By 11:30, the banks had to submit 3 competitive bids. The part of the sellers, fearing further depreciation, became more flexible and began to sell the currency, which reduced the appetite of speculators. After the results of the auction market began a gradual course corrections. By 12 o'clock quotations fell to 27.25/27,37 UAH and 13:00 – to 27.17/27,24 UAH.

 

Total, the NBU has sold at auction for $ 15.8 million at cut-off price not lower than 27, and 25 UAH/$ in the banks ' bids 19.1 million. After lunch and by the end of trading the dollar on individual transactions continued to decline. 14:00 rate fell to 27.14/27,22 UAH, and before closing it fell to 27,10/of 27.15. Most of the operations took place in the framework 27,22-27,28 UAH/$.

 

the Timely intervention of the national Bank not only stopped the growth of the exchange rate, but also helped to strengthen the hryvnia.

 

 

the Major events on the interbank February 6:

 

the Release of the national Bank auction for the sale of $ 30 million, where it sold 15.8 million dollars at cut-off price not lower than 27, and 25 UAH/$ with total bids of banks 19.1 million.

  • Attempts to undermine the currency with morning quotes 27,13/of 27.21 to the level of 27.25/27,40 and higher and the pullback in the dollar after the auction to 27,10/of 27.15 before closing.
  • Was 472 transactions in the amount of 233,26 million $ at the average exchange rate 27,2627 UAH/$.