The increased demand for foreign currency led to a surge of the dollar on the interbank market

2017-11-23 12:10:55
Machine translation
The increased demand for foreign currency led to a surge of the dollar on the interbank market

Yesterday on the interbank market, the dollar suddenly strengthened, and with the morning quotes of 26.54/of 26.56 to the end of the session rose to 26.71/26,73 UAH/$.

 

the Volume of transactions also increased significantly. In the system of Valkla was 688 transactions in the amount of 594,56 $ million, i.e. a net amount of interbank agreements reached yesterday 297,28 $million.

 

the Appreciation of the currency contributed to both banks and their customers, who tried in advance to buy the currency before the weekend in the United States. Banks sold foreign currency, and the part of them that engaged in speculative transactions played "to improve".

 

the growth of the hryvnia liquidity on correspondent accounts to 58.7 billion amid a significant amount of refunded VAT customer exporters were reluctant to sell the currency, waiting for a higher rate.

 

Importers did not want to work THAT Thursday, so tried to buy currency in the first half of Wednesday to be able to close its foreign exchange contracts.

 

This activity of buyers from the start of trading on the background of fairly restrained supply led to a jump in the dollar from a COP. 17

 

the Bank has not conducted the auction, but sold $ 20 million at the request of "a better rate".

 

the Growth of the dollar will support the hryvnia procurement prices for wheat and corn that fall because of lower foreign currency prices of demand on the terms CPT and FOB terms.